Stock Market Today: Top 10 Things to Know Before the Market Opens
As the trading day begins on March 23, India equity benchmarks are anticipated to open on a flat to a positive note. In the previous session, the BSE Sensex rose 140 points to end at 58,215, while Nifty added 44.40 points or 0.26% to settle at 17,151.90. The broader markets gained more strength, rising for the second straight session. The Nifty Midcap 100 and Smallcap 100 indices rose by one-third and half a percent, respectively. This article will explore the top 10 things to know before the market opens in India today.
Table of Contents
• Introduction
• SGX Nifty
• US Market
• Asian Markets
• Oil Prices
• US Fed Raises Rates by Quarter Point
• Global Surfaces to Debut Today
• RBI Monetary Policy
• Top Stock to Watch Out for
• Conclusion
• FAQs
1. Introduction
The Indian stock market is highly volatile, and it is crucial to stay up-to-date with the latest developments to make informed investment decisions. Here are the top 10 things to know before the market opens in India.
2. SGX Nifty
Trends in the SGX Nifty indicate a flat to negative opening for the broader index in India with a loss of 56.50 points. The Nifty futures were trading around 17,101.50 levels on the Singaporean exchange.
3. US Market
Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector.
The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11, the S&P 500 lost 65.9 points, or 1.65 percent, to 3,936.97, and the Nasdaq Composite dropped 190.15 points, or 1.6 percent, to 11,669.96.
4. The previous session
In the previous session, the BSE Sensex rallied 140 points to close at 58,215, while Nifty added 44.40 points or 0.26 percent to settle at 17,151.90. The broader markets also gained more strength, rising for the second straight session. The Nifty Midcap 100 and Smallcap 100 indices rose third of a percent and half a percent, respectively.
5. Nifty Pivot chart
As per the pivot charts, the Nifty has support at 17,118, followed by 17,094 and 17,094. If the index moves up, the key resistance levels to watch out for are 17,194, followed by 17,217 and 17,255.
6. Indian equity markets and international markets
Indian equity benchmarks are expected to open on a flat to positive note on March 23. Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today.
Top 10 things to know
1. India equity benchmarks are expected to open on a flat to positive note on March 23, as trends in SGX Nifty indicate a muted start for the broader index in India with a loss of 56 points.
2. In the previous session, the BSE Sensex rallied 140 points to close at 58,215, while Nifty added 44.40 points or 0.26 percent to settle at 17,151.90.
3. The broader markets also gained more strength, rising for a second straight session. The Nifty Midcap 100 and Smallcap 100 indices rose by a third of a percent and half a percent, respectively.
4. As per the pivot charts, the Nifty has support at 17,118, followed by 17,094 and 17,094.
5. If the index moves up, the key resistance levels to watch out for are 17,194, followed by 17,217 and 17,255.
6. Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector.
7. The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11, the S&P 500 lost 65.9 points, or 1.65 percent, to 3,936.97 and the Nasdaq Composite dropped 190.15 points, or 1.6 percent, to 11,669.96.
8. Asian markets are trading mixed in the early trade on Thursday with Nikkei and Straits Times down 0.5 percent each, while Hang Seng was up marginally.
9. Trends in the SGX Nifty indicate a flat to negative opening for the broader index in India with a loss of 56.50 points. The Nifty futures were trading around 17,101.50 levels on the Singaporean exchange.
10. Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises.
Conclusion
In conclusion, staying updated with the latest developments in the stock market is essential for investors and traders alike. The top 10 things to know before the market opens are: trends in SGX Nifty, previous day's performance of BSE Sensex and Nifty, support and resistance levels, important news headlines from Indian and international markets, performance of US and Asian markets, and updates on crude oil prices and US Federal Reserve policy decisions. By keeping track of these factors, investors can make informed decisions and mitigate risks. It is important to remember that the stock market is unpredictable and subject to sudden changes, so investors must always exercise caution and maintain a long-term investment strategy.