The Indian market closed largely lower on Thursday after the US Federal Reserve raised interest rates by 25 basis points and indicated two more rate hikes in 2018.The Sensex shed 139 points to close at 35,600, while the Nifty ended the session with a fall of 49 points at 10,809.Here's what you should know before the opening bell Oil prices were little changed in early Asian trade on Friday, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia, architects of a producer deal to cut output, indicated they want production to rise. SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday. The US dollar ended cheaper against the rupee at Rs 67.62 per dollar and the pound sterling finished higher at Rs 90.39 at the close of the Interbank Foreign Exchange (forex) market. Singapore, Indonesia and Malaysia markets will be closed on Friday. India's wholesale inflation or WPI stood at 4.43% for the month of May 2018 as against CNBC-TV18 poll of 4.1%. Wholesale inflation in the month of April 2018 was recorded at 3.18%. The European Central Bank will shut its hallmark bond purchase scheme by the close of the year, it said on Thursday, taking its biggest step yet towards dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn. The US is expected to release a final list of Chinese goods that it plans to subject to tariffs on Friday. The per litre petrol price has been cut after a two-day pause while the diesel price remains unchanged in Mumbai. The petrol price has been cut by 8 paise to Rs 84.18 per litre while the diesel price is unchanged at Rs 72.24 per litre.