The Indian market closed flat on Wednesday after a rangebound session with the Sensex closing 35,176 points and NSE Nifty above 10,700 at 10,716 points.Here's what you should know before the opening bell \tVedanta, IRB infra, JSW Energy, HCC, among others will declare their quarterly earnings today. \tOil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices. \tThe US market ended lower with the Dow Jones losing over 150 points. \tThe Japanese stock market is shut today on the occasion of Constitutional Memorial Day. \tThe Asian stocks are currently under pressure with Korea's Kospi falling by over 0.07% and other indices - Taiwan and Straits Times - falling by about a percent. \tUS-based retail giant Walmart is keen on Indian e-commerce giant Flipkart's initial public offering (IPO) post-acquisition, said people familiar with the matter. \tInterGlobe Aviation, the operator of India's largest airline IndiGo, reported a 73.3% fall in profit at Rs 117.6 crore due to an increase in fuel prices, decline in yields and the foreign exchange impact. \tThe Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the US central bank's target would be sustained, leaving it on track to raise borrowing costs in June.