Stock market today: Key things to know before the opening bell on December 30

The US markets closed sharply lower by 1% on Friday, and European markets closed higher. On the other hand, Asian markets traded mixed with Japanese indices, trading lower by 0.3%, and Chinese markets traded higher on Monday morning.

The GIFT NIFTY traded 17 points higher on Monday morning, indicating a positive open for Indian markets.

US markets

The US markets closed sharply lower on Friday after the S&P500 and NASDAQ fell over 1% after US treasury yields surged higher following the Federal Reserve’s decision to introduce lower rate cuts in 2025.

Asian markets

In Asia, Japanese markets traded slightly lower after the manufacturing PMI indicated a slowdown in the country's manufacturing activity. The PMI for December stood at 49.6, slightly higher than estimates of 49.5. Chinese and South Korean equity markets traded higher with a positive bias on Monday morning.

Crude oil prices

WTI Crude oil prices hovered around $70 per barrel amid a mixed outlook for 2025. OPEC and allied partners see higher supply and lower demand putting pressure on oil prices.

FII and DII data

The foreign investors maintained their selling stance in the last few trading days of 2024. The FII’s have sold approximately ₹3 lakh crore worth of equities in the Indian markets in 2024, while the domestic investors have held their ground with buying worth ₹5 lakh crore in a similar period.

Chart check

Markets failed to hold weekly 20SMA levels on SENSEX and NIFTY in the previous week closing nearly 5% lower for the week. Going forward 82,000 levels on SENSEX and 24,750 on NIFTY will act as a strong resistance.