Stock market today: All you need to know before the opening bell on December 11

Indian markets are expected to open positively amid mixed global cues. Asian markets traded mixed, with Japanese indices trading in red and Chinese, Hong Kong, and Korean markets trading in the green. The US markets closed lower on Tuesday amid a cautious stance on record high levels.

The GIFT NIFTY traded 26 points higher at 24685, indicating a higher open for Indian markets after Tuesday's flat close.

US markets

The US markets closed lower across the board on Tuesday. Dow Jones, Nasdaq, and S&P500 closed 0.3% lower ahead of key inflation data, which is set to be released later in the evening today. The inflation numbers will be keenly watched by market participants as it will determine the rate cut trajectory by the Federal Reserve in the upcoming policy meeting

Asian markets

In Asia, Japanese indices traded lower on Wednesday morning following the losses of the US markets. Shares in China and Hong Kong continued their bullish momentum after the Chinese government announced the change in monetary policy stance.

Crude oil price

The oil prices recovered from the lower levels as stimulus from China is expected to boost the demand environment. The WTI crude oil prices traded $68.8 per barrel, while the Brent crude oil prices traded 0.6% higher at $72.4 per barrel

FII and DII data

The FIIs and DIIs turned net buyers on Tuesday to the tune of ₹1890 crore, with FIIs net buying worth ₹1285 crore and DIIs buying worth ₹605 crore. FIIs have been the net buyers for the first 10 days in December, with a total net buying worth ₹14,000 crore.

Chart check

(Source: Upstox, Tradingview)

Markets continued consolidating on Tuesday as market participants await to hold on to gains from the pullback rally.