Top 10 things to know about the stock market today before it opens

 Top 10 things to know about the stock market today before it opens

GIFT With a rise of 87.50 points, or 0.41 percent, Nifty trends suggest that the wider index in India is off to a bullish start.

On December 20, benchmark Sensex and Nifty indices are probably going to open higher since GIFT Nifty trends show that the wider index is off to a solid start with a gain of 87.50 points.

In a very turbulent day on December 19, Indian equities indexes made new highs and concluded with modest gains, offsetting some of the previous session's losses.

At the close, the Nifty was up 34.40 points, or 0.16 percent, at 21,453.10, while the Sensex had gained 122.10 points, or 0.17 percent, at 71,437.19.

The Nifty is expected to encounter immediate resistance around 21,496, followed by 21,535 and 21,599, according to the pivot point calculator. Conversely, Nifty may find support at 21,368, followed by 21,329 and 21,265 levels on the downside.

Keep up with Moneycontrol to find out what's going on in the equities and currency markets right now. Important headlines from various news sources that might affect the Indian and global markets are included below.

present nifty

GIFT With a rise of 87.50 points, or 0.41 percent, Nifty trends suggest that the wider index in India is off to a bullish start. The 21st century Nifty futures were trading at 21,615.50.

Wednesday's trading setup: the top 15 items you should know before the opening bell

US marketplace

On December 19, Wall Street continued to rise as investors anticipated important inflation data and the Federal Reserve's dovish policy announcement from the previous week.

The S&P 500 gained 27.81 points, or 0.59 percent, to 4,768.37, the Nasdaq Composite climbed 98.03 points, or 0.66 percent, to 15,003.22, and the Dow Jones Industrial Average increased by 251.9 points, or 0.68 percent, to 37,557.92.

Asian marketplace

Asian markets were up on Wednesday, with Japanese stocks leading into the next trading day after the country's central bank's decision to maintain its very loose monetary policy at its annual meeting.

Japan's Kospi increased by 1% and Nikkei by 1.2 percent.

BSE is going to require more exposure margin for derivatives.

The Indian Clearing Corporation, a division of Indian Stock Exchange Operator BSE, said on Tuesday that it would apply an extra exposure margin of 15% to stocks that fall within the Market Wide Position Limit (MWPL).

The action was taken in response to growing retail involvement in the futures market, which helped Indian benchmarks reach fresh all-time highs this month.

The extra margin charge is going to be imposed on derivatives where the top 10 customers of the brokerage own more over 20% of MWPL as of January 1.

The maximum quantity of open futures and options contracts for a stock that the exchange will permit is known as MWPL.

Accenture projects between $15.40 billion and $16 billion in sales.

Accenture, a supplier of IT services, predicted lower-than-expected revenue for the second quarter on Tuesday, citing concerns about customers' cautious spending due to ongoing global uncertainties.

Accenture projects $15.40 billion to $16.00 billion in sales. LSEG surveyed analysts, and they predicted $16.29 billion in sales.

oil costs

Wednesday saw an increase in oil prices of more than one dollar per barrel, building on the gains of the previous session after assaults on ships in the Red Sea by Houthi terrorists from Yemen who are affiliated with Iran, which hampered maritime commerce and forced additional corporations to take ships. was compelled to alter my path.

At $79.23 a barrel, Brent oil futures saw a $1.28, or 1.6%, increase, marking the highest level since December 1. The January delivery of U.S. West Texas Intermediate oil futures, which expire after Tuesday's settlement, closed 97 cents, or 1.3 percent, higher. at the highest price point in the last two weeks, $73.44 a barrel.

gold costs

Tuesday's minor strengthening of the dollar helped to push down Treasury yields, which in turn helped gold prices decline as investors awaited US economic data that may provide further insight into the direction of US interest rates.

At 1205 GMT, spot gold remained stable at $2,027.22 per ounce. At $2,041.30, US gold futures were also unchanged.

dollar index

As investors concentrated on the potential for a US interest rate decrease in 2024, the MSCI global market index was rising and the US dollar was advancing against the yen on Tuesday after the Bank of Japan's decision to maintain unchanged rates.

The Bank of Japan maintained its ultra-low interest rates and dovish policy advice, which deflated some traders' hopes that this would signal the end of a near-term phase of negative interest rates. As a result, the yen lost strength. A signal will be sent.

Data from FII and DII

Provisional data from the National Stock Exchange (NSE) shows that on December 19, domestic institutional investors (DIIs) purchased shares worth Rs 294.35 crore, while foreign institutional investors (FIIs) sold shares worth a net Rs 601.52 crore.

NSE stocks prohibited from F&O

NSE retains Balra but adds Delta Corp, Indus Towers, IRCTC, Piramal Enterprises, and RBL Bank to its F&O ban list for December 20. Ampur Sugar Mills, Manappuram Finance, National Aluminum Company, SAIL, and Zee Entertainment Enterprises are among the companies on the aforementioned list. India Cements and Hindustan Copper were taken from the aforementioned list.