Stock Market Today: Top 10 things to know before the market opens

The benchmark Sensex and Nifty indices are likely to open on a higher note on February 8 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 26 points. Equity benchmarks the Sensex and the Nifty ended February 7 flat after a choppy session, with the Nifty failing to defend the 22,000 mark despite opening above it.

The indices squandered early gains as investors' focus shifted to the Reserve Bank of India's monetary policy decision to be announced on February 8. The Sensex closed 34.09 points down at 72,152, while the Nifty close 1.1 points higher at 21,930.50. About 1,954 shares advanced, 1,314 declined and 63 were unchanged.

The pivot point calculator indicates that the Nifty is likely to take immediate support at 21,874 followed by 21,829 and 21,755 levels, while on the higher side, it may see immediate resistance at 21,948 followed by 22,067 and 22,141 levels.

Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. We have collated a list of important headlines across news platforms, which could impact Indian as well as international markets.