From global cues to macro numbers, 10 things to know before the opening bell today

Indian benchmark indices – NSE Nifty50 and BSE Sensex – are set to begin Tuesday’s session on a positive note, tracking strong cues from global markets including Singapore Exchange (SGX) Nifty.

After satisfactory domestic macro numbers such as retail inflation and industrial production, investors are eyeing the US inflation data along with US Fed Reserve policy decision this week.

On Tuesday, the market would react to India’s inflation and IIP numbers. US Inflation would be released latter today just ahead of US Fed meeting on Wednesday, Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services said in his note.

“Investors are keenly awaiting central banks’ viz US Fed, ECB and BoJ interest rate decisions this week where they are expected to take a pause,” the market analyst said in his comment.

Stay tuned on Zeebiz.com to find out what could impact your trade today. We have collated a list of the top 10 things to know that could impact the market:

• SGX Nifty futures: SGX Nifty futures — an early indicator of the Nifty index — were up 33 points or 0.18 per cent at 18,731.5 at the last count ahead of the opening bell on Dalal Street.
• Asian markets: Equities in other major Asian markets began the day on a mixed note. Japan’s Nikkei 225 gained around 1.5 per cent, Hong Kong’s Hang Seng was down around 0.5 per cent, China’s Shanghai Composite was flat with negative bias and South Korea’s KOSPI was up about 0.4 per cent.
• Wall Street: Overnight in the US, S&P 500 and Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve’s interest rate decision this week.
• Rupee vs dollar: The rupee gained 4 paise to settle at 82.43 against the US dollar on Monday, supported by easing crude oil prices and a positive trend in domestic equities.
• Dollar index: The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022.
• Crude oil: Crude oil prices fell by around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a US Federal Reserve meeting later this week.
• May inflation eases to over 2-year low: India’s annual retail inflation cooled to a more than two-year low of 4.25 per cent in May as cost pressures on food eased, moving closer to the Reserve Bank of India’s (RBI) target of 4 per cent, government data showed on Monday.
• April industrial output rise: India’s industrial output rose 4.2 per cent year-on-year in April, data from the Ministry of Statistics showed on Monday. Manufacturing, which accounts for about 17 per cent of the Indian economy, rose 4.9 per cent year-on-year in April.
• Storm Update: A storm off India’s west coast has strengthened to become a powerful cyclone and could hit India’s western state of Gujarat and southern parts of Pakistan this week, the Indian weather department said on Monday.
• FII, DII flow: Foreign portfolio investors (FPIs) net sellers Indian shares worth Rs 626.62 crore on Monday whereas domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,793.85 crore, according to provisional exchange data.

(With inputs from agencies)