The Indian market looked set to open positive on Wednesday, maintaining the previous session's recovery, but trading is likely to be cautious ahead of the Reserve Bank of India's monetary policy review later this week.
At 7:25 AM, the SGX Nifty was trading at 10,994 levels as against its low of 10,960, indicating a mildly positive start for the market.
Investor sentiment were weighed down by rising crude oil prices, falling rupee and the ongoing US-China trade skirmish.
Indian financial and debt markets were shut on Tuesday for a public holiday.
Here are the 10 things you should know before the opening bell
Oil prices: Oil prices dipped weighed down by a report of rising US crude inventories and an expected increase in production. Despite this, prices remain near four-year highs reached earlier this week ahead of US sanctions against Iran's oil exports that kick in next month.
Asian Markets: Asian shares ticked lower and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a collision course with the European Union.
Wall Street close: The Dow hit a record closing high on Tuesday, but another drop in Facebook shares weighed on both the S&P 500 and Nasdaq, driving both to finish in the red.
RBI repo rates: The Reserve Bank of India will have its October bi-monthly meet on Friday where experts suggest that there is likely to be a rise in the repo rate for the third consecutive time in order to recover from the falling rupee and rising crude oil prices.
GST collections: The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department.
Italian yields: Italian 10-year bond yield soared to 4-1/2 year highs on Tuesday after a lawmaker said most of the country's problems would be solved by ditching the euro, but reassuring comments from the government bought calm to a jittery market.
India's power generation target: India is targeting 40 percent of electricity generation from non-fossil fuel-based resources by 2030 as it looks to tap vast solar and wind potential to replace reliance on polluting coal to meet its energy needs, Prime Minister Narendra Modi said on Tuesday.
Global trade: China's hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new US-Mexico-Canada trade agreement that aims to forbid such deals with "non-market" countries.
Monday's rupee close: The US dollar ended sharply higher against the rupee at Rs 72.91 per dollar.
Monday's Indian market close: The Nifty reclaimed 11,000-mark after an uptick seen in the second half of the trading session. The 50-stock Index, Nifty gained 187 points from lows to end the session 78 points higher at 11,008 and the BSE-frontline Index, Sensex advanced 299 points to 36,526.