Stock market today: Key things to know before the opening bell on December 10

The NIFTY50 and SENSEX closed a quarter percentage lower, while broader indices closed in the green near record high levels.

The GIFT NIFTY traded 10 points higher on Tuesday morning, indicating a positive opening for the Indian markets. 

Asian markets

The Asian markets traded upbeat across the board after the Chinese government and the monetary policy committee announced a change in their policy stance to support the Chinese economy over the looming trade war.

The Chinese and Hong Kong markets traded over 2% higher, reacting to the news. Markets in Korea also jumped after a brief correction due to their political crisis.

US markets

The US benchmark indices closed lower on Monday after an antitrust suit was filed against chip giant NVIDIA in China. The NASDAQ and S&P 500 closed 0.6% lower, while the Dow Jones fell over 240 points. The investors await key inflation data, which is set to be released on Wednesday. This will also set the tone for the Fed’s interest rate policy.

Oil price

Crude oil prices rebounded from their year-low levels after the crisis in the Middle East, which sparked supply concerns. Brent crude oil jumped 1.2% higher to trade near $72 per barrel, and WTI crude oil traded near the $68 per barrel mark.

FII DII data

The foreign institutional investors opened the week on a positive note as they bought Indian equities worth ₹726 crore, while DIIs turned sellers. They sold equities worth ₹1,648 crore on Monday.

Chart check

The NIFTY50 traded lower for two consecutive days after a strong expiry in the last week. The charts indicate a consolidation at higher levels, indicating a profit-booking stance by market participants after nearly a 6% rally from the bottom.