What changed for the market while you were sleeping? 18 things you should know

The Nifty witnessed some selling pressure on Monday the moment the index came near its crucial resistance level of 10,400. It looks like upside may remain capped for the index in the zone of 10,400-10,600 because of multiple resistance zones.

The Nifty closed at 10,363.7 on Monday. According to Pivot charts, the key support level is placed at 10,343.83, followed by 10,323.97. If the index starts to move higher, key resistance levels to watch out are 10,384.03 and 10,404.37.

The Nifty Bank closed at 24,988.6 on Monday. Important Pivot level, which will act as a crucial support level for the index, is placed at 24,843.2, followed by 24,697.8. On the upside, key resistance levels are 25,099.4 and 25,210.2.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies:

US markets end lower, Dow falls 85 points

Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares and a report that US lawmakers are discussing a gradual phase-in of much-anticipated corporate tax cuts.

The Dow Jones Industrial Average fell 85.45 points, or 0.36 percent, to 23,348.74, the S&P 500 lost 8.24 points, or 0.32 percent, to 2,572.83 and the Nasdaq Composite dropped 2.30 points, or 0.03 percent, to 6,698.96, Reuters reported.

Asian markets mixed after Wall Street slips

Asian stocks were mostly sluggish on Tuesday following weakness on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent. Japan's Nikkei lost 0.7 percent and South Korea's KOSPI shed 0.1 percent, Reuters reported.

SGX Nifty

The Nifty50 futures on the Singapore Stock Exchange were trading 26.50 points lower at 10373 indicating a flat to negative opening for the domestic market.

IDFC Bank - Shriram Capital deal called off

The USD 12 billion deal between the IDFC Bank and Shriram Capital was called off on Monday as both sides failed to arrive at an acceptable valuation after four months of negotiations. The two were unable to reach common ground on the swap ratio.

The relief rally of Shriram Group stocks could even stretch on Tuesday while shares of IDFC Group stocks could see a minor setback.

Deadline for July GSTR-2 and GSTR-3 filing extended by a month

The government on Monday extended the deadline by a month for filing of July GSTR-2 to 30 November 30 and GSTR-3 to 11 December. The extension will facilitate about 3.081 million taxpayers for filing GSTR-2 for the month of July 2017, the finance ministry said in a statement, Livemint reported.

India, Italy vow to combat terror, boost trade; ink 6 pacts

India and Italy on Monday inked six pacts to boost cooperation in key sectors, including energy and trade, after detailed talks between Prime Minister Narendra Modi and his Italian counterpart Paolo Gentiloni on ways to strengthen bilateral ties and countering terrorism, PTI reported.

Deposit Rs 750 crore by Dec to get bail: SC to Unitech MD

The Supreme Court on Monday asked embattled real estate developer Unitech to deposit Rs 750 crore before the court by December-end to ensure refund to home buyers and fixed the next hearing for the second week of January.

Mahindra Logistics raises Rs 247 cr from 15 anchor investors

Mahindra Logistics has allotted 57.62 lakh equity shares at Rs 429 per share to 15 anchor investors, aggregating to Rs 247.2 crore, ahead of its initial public offering on Tuesday. Six mutual funds have applied for the issue through a total of 10 schemes.

SBI, World Bank sanction loans worth Rs 2.3K cr for 43 solar projects

SBI announced the sanction of loans worth Rs 2,317 crore in collaboration with World Bank to seven large corporates towards financing Grid Connected Rooftop Solar projects. The companies include JSW Energy, Hinduja Renewables, Tata Renewable Energy, Adani Group, Azure Power, Cleantech Solar and Hero Solar Energy, with an aggregate capacity of 575 MW.

Goldman Sachs sees Nifty at 11,600, Citi expects Sensex at 33,800

Top investment banks have begun revising upwards their targets for the benchmark indices. Goldman Sachs Group Inc. and Citigroup Inc. have raised their targets.

Citigroup expects the Sensex to reach 33,800 in March 2018 from an earlier target of 32,200. Goldman Sachs has also increased its end-2018 Nifty target to 11,600 points, up from a September 2018 target of 10,900 points, Livemint reported.

FM to head panel for PSB consolidation

Finance Minister Arun Jaitley will head the alternative mechanism panel set up for consolidation among state-run bank. The decision to create this ‘alternate mechanism’ would facilitate consolidation among nationalised banks to create strong and competitive banks, the government said, Economic Times reported.

Trump likely to announce US Fed chair nominee on Thursday

US President Donald Trump plans to announce his choice for the next US Federal Reserve chairman on Thursday, the day before he departs for a trip to Asia, a White House official said, Bloomberg reported.

Hindustan Aeronautics get Sebi nod for IPO

As many as four firms, including state-owned Hindustan Aeronautics have received Sebi’s approval to launch their initial public offerings. The other three firms are Future Supply Chain Solutions, Gandhar Oil Refinery (India) and Aster DM Healthcare.

69 companies to report results for Sept quarter

As many as 69 companies are likely to report results for September quarter on Tuesday including Bharti Airtel, Dr Reddy's Laboratories, IDBI Bank, Syndicate Bank, SBI Life Insurance Company, Dabur India, Strides Shasun, Escorts, KPIT Technologies, Divis Laboratories, etc among others.

Tata Steel posts cons profit at Rs 1,018 cr

Tata Steel's financials turned profitable during the September quarter as the company posted a net profit of Rs 1,017.8 crore against a loss of Rs 49.4 crore during the same period last year. The company's consolidated revenue grew 35.7 percent at Rs 32,464 crore against Rs 23,921 crore.

Bharti Airtel Q2 profit seen down 13%

Bharti Airtel's July-September quarter earnings are expected to be subdued due to rising competition from Reliance Jio. Profit for the quarter is expected to fall 13 percent sequentially to Rs 319 crore and revenue may decline 1 percent to Rs 21,746 crore, according to average of estimates of analysts polled by CNBC-TV18.

Rupee rebounds 20 paise to 64.85 against US dollar

The rupee on Monday bounced back by a healthy 20 paise to end at 64.85 against the US currency on fresh bouts of dollar selling by exporters and banks amid buoyant local equities.

Brent oil ends above $60 on expected OPEC cut extension

Brent oil closed on Monday at its highest level since July 2015 on expectations OPEC-led production cuts would be extended beyond March. Brent crude futures settled at USD 60.90 a barrel, up 46 cents. Brent has gained 9.5 percent in the last 16 trading days, Reuters reported.