Top 10 things to know before the market opens

Top 10 things to know before the market opens





The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious opening for the broader index in India with a loss of 1 point.

On January 18, the BSE Sensex plunged 554.05 points to 60,754.86, while the Nifty50 dropped 195.10 points to 18,113 and formed a bearish engulfing pattern on the daily charts.

According to pivot charts, the key support levels for the Nifty are placed at 18,015.7, followed by 17,918.3. If the index moves up, the key resistance levels to watch out for are 18,280.7 and 18,448.3.

Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. We have collated a list of important headlines across news platforms which could impact Indian as well as international markets:

US Markets

Wall Street's main indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off to start the year as U.S. Treasury yields rose to milestones.

The Nasdaq dropped most among major indexes on Tuesday and now has fallen about 9.7% from its Nov. 19 record closing high, close to confirming a 10% correction for the first time since early 2021. The tech-heavy index also