Stock Market Today: Top 10 things to know before the market opens today

The marketplace is expected to unfastened successful the reddish arsenic trends successful the SGX Nifty bespeak a antagonistic opening for the broader scale successful India with a nonaccomplishment of 64.50 points.

The BSE Sensex rallied 361 points to 60,927, portion the Nifty50 gained 118 points to 18,132 and formed a bullish candle connected the regular charts with a agelong little shadow, indicating a affirmative inclination for coming sessions.

As per the pivot charts, the cardinal enactment level for the Nifty is placed astatine 18,013, followed by 17,971 and 17,901. If the scale moves up, the cardinal absorption levels to ticker retired for would beryllium 18,152, followed by 18,195 and 18,265.

Stay tuned to Moneycontrol to find retired what happens successful the currency and equity markets today. We person collated a database of important headlines crossed quality platforms which could interaction Indian arsenic good arsenic planetary markets:

US Markets

Wall Street ended little astatine the opening of a holiday-shortened week connected Tuesday, arsenic rising US Treasury yields pressured involvement complaint delicate megacap shares.

The Dow Jones Industrial Average roseate 37.63 points, oregon 0.11 percent, to 33,241.56, the S&P 500 mislaid 15.57 points, oregon 0.40 percent, to 3,829.25 and the Nasdaq Composite dropped 144.64 points, oregon 1.38 percent, to 10,353.23.

Asian Markets

Asian markets are trading little successful aboriginal commercialized connected Wednesday with Kospi slipped implicit 2 percent, portion Nikkei down astir 1 percent. Straits Times is besides trading successful the red.

SGX Nifty

Trends successful the SGX Nifty bespeak a level to antagonistic commencement for the broader scale successful India with a nonaccomplishment of 64.50  points. The Nifty futures were trading astir 18,081.50 levels connected the Singaporean exchange.

Govt plans $2 cardinal inducement for greenish hydrogen industry: Report

Government is readying a $2 cardinal inducement programme for the greenish hydrogen industry, 3 sources told Reuters, successful a bid to chopped emissions and go a large export subordinate successful the field.

The 180-billion-rupee ($2.2 billion) inducement aims to trim the accumulation outgo of greenish hydrogen by a 5th implicit the adjacent 5 years, said a elder authorities authoritative and an manufacture manager moving successful renewable energy. It would bash this successful portion by expanding the standard of the industry, they said.

Govt tweaks GST rules for claiming input taxation credit

GST taxpayers volition beryllium required to reverse by November 30 the input taxation recognition (ITC) claimed successful the past fiscal successful lawsuit their suppliers neglect to deposit the owed taxation by September 30, the Finance Ministry has said.

The taxpayers, however, tin reclaim the ITC aboriginal pursuing the deposit of taxes by the supplier.

The ministry has inserted Rule 37A successful Central Goods and Services Tax rules to springiness effect to the caller provision.

Japan November mill output falls connected weakening planetary demand

Japanese factories slashed output for a 3rd consecutive period successful November, dragged down by anemic request for machinery products amid a deteriorating planetary economical outlook.

The anemic accumulation bodes sick for Japanese firms arsenic they look increasing calls to rise workers' wage to antagonistic inflation, seen arsenic indispensable for the post-pandemic maturation of the world's third-largest economy.

Factory output fell 0.1 percent successful November from the erstwhile month, authorities information showed connected Wednesday, a smaller diminution than the median marketplace forecast for a 0.3 percent drop.

Banks whitethorn request to assistance deposit rates arsenic recognition request surges: RBI report

India's banking assemblage remained resilient successful 2021-22 and lenders whitethorn person to rise deposit rates much to conscionable a surge successful recognition demand, the cardinal slope said successful a study connected Tuesday.

The Reserve Bank of India (RBI) has raised rates aggressively this twelvemonth to tame inflation. While banks person swiftly transmitted the hikes to their lending rates, deposit rates person been laggards for most.

"During 2021-22, arsenic recognition maturation picked up and deposit maturation moderated, the incremental credit-deposit (C-D) ratio reached a four-year high," the RBI said successful its study connected Trends and Progress of Banking released connected Tuesday.

Loans of Indian banks roseate 17.5 percent successful the 2 weeks to December 2 from a twelvemonth earlier, portion deposits roseate 9.9 percent, the latest information from the RBI showed earlier successful the month.

Oil prices steady

Oil prices were dependable aft hitting a three-week precocious connected Tuesday arsenic restarts astatine immoderate US vigor plants unopen by wintertime storms offset gains stemming from hopes of a request betterment arsenic China eases its Covid-19 restrictions.

Brent crude was up 41 cents, oregon 0.5 percent, astatine $84.33 a barrel, portion the US West Texas Intermediate crude settled 3 cents little astatine $79.53 per barrel.

FII and DII data

Foreign organization investors (FIIs) sold shares worthy Rs 867.65 crore, portion home organization investors (DIIs) purchased shares worthy Rs 621.81 crore connected December 27, arsenic per provisional information disposable connected the NSE.

Stocks nether F&O prohibition connected NSE

The National Stock Exchange has added Balrampur Chini Mills and Indiabulls Housing Finance and retained Punjab National Bank nether its F&O prohibition database for December 28. Securities frankincense banned nether the F&O conception see companies wherever derivative contracts person crossed 95 percent of the market-wide presumption limit.

With inputs from Reuters and different agencies