Things to know before the Stock market opens today


Money & Finance

POSTED BY: Ranjeet Kumar PUBLISHED: Jun 29, 22

The Indian stock market is anticipated to start lower according to trends on SGX Nifty, which suggest to a gap-down beginning with a loss of 148 points for the country's larger index.

Yesterday's market was buoyed by encouraging global signals. The Nifty50 increased by 18 points and created a bullish candle on daily charts, while the BSE Sensex increased by 16 points.

The critical support level for the Nifty is set at 15,743, followed by 15,636 on pivot charts. Important resistance levels to watch out for on an upward trend for the index are 15,925 and 15,999.

Nifty Bank lagged the market as a whole on Tuesday, dropping 169 points to 33,642. The pivot level, 33,515, is followed by 33,388 and will serve as an essential support for the index

Trends on SGX Nifty point to a gap-down beginning with a loss of 148 points for the larger Indian index. On the Singaporean market, the Nifty futures were trading at about 15,705 levels.

Tuesday saw an increase in oil prices for a third day as major producers Saudi Arabia and the United Arab Emirates appeared unlikely to be able to significantly increase supply 

According to a regulatory filing made on June 28, the board of Reliance Jio, the telecom division of the oil-to-retail giant Reliance Industries Ltd (RIL), has named Akash Ambani as its chairman.