Indian equity indices, the BSE Sensex and the NSE Nifty 50, likely will start lower on Wednesday on tepid global cues. The Singapore-traded SGX Nifty trades at levels around 11,560 vs Nifty September Future's Tuesday close of 11,573, indicating a slightly red opening for the Indian market today.
Here is what you need to know before the stock market opens today:
Asia: Stocks tracked their global peers lower on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent. Australian stocks lost 0.4 percent, South Korea's KOSPI dropped 0.3 percent and Japan's Nikkei shed 0.25 percent.
US: Stocks had slipped on Tuesday. The Dow Jones Industrial Average ended flat, dipping 0.05 percent, or by 12.34 percent, to 25,952.50, while the S&P 500 was lower by 0.17 percent or by 4.80 points, to 2896.72. The Nasdaq shed 18.29 points or 0.23 percent to end at 8091.25.
Dollar: The dollar index, which measures the greenback against a basket of six currencies, was steady at 95.406 after rising to a two-week high of 95.737 on Tuesday. The greenback was little changed at 111.465 yen after climbing 0.35 percent overnight. The euro was effectively flat at $1.1586 following a loss of 0.3 percent on Tuesday.
Crude oil prices: Oil prices fell on Wednesday. US WTI crude futures were at $69.34 per barrel at 0036 GMT, down 53 cents, or 0.8 percent, from their last settlement. Brent crude futures fell 34 cents, or 0.4 percent, to $77.83 a barrel.
Market at close: The NSE Nifty 50 fell 0.54 percent to 11,520.30, while the BSE Sensex ended 0.4 percent lower at 38,157.92.
Rupee: The Indian rupee ended at record low of 71.58 against the dollar on Tuesday against Monday's close of 71.21. The home currency fell against the greenback for the fifth consecutive session.
FII & DII data: Foreign institutional investors (FIIs) bought shares worth Rs 32.64 crore while domestic institutional investors sold shares worth Rs 21.41 crore in the Indian equity market on Tuesday.
Cyber security: The National Stock Exchange (NSE) on Tuesday raised concern over potential for large-scale cyber attacks on financial market infrastructure and called for setting up the standards to bring about the change through talent empowerment and investment in innovation.
Argentina: The government said on Tuesday it hoped the International Monetary Fund (IMF) would agree in the second half of September to a deal giving the country more financial support as it seeks to escape a deepening economic crisis. The Argentine central bank sold $358 million in reserves at auctions on Tuesday to help prop up the peso, which nevertheless fell 2.18 percent to 39.05 to the U.S. dollar.
US-Canada Nafta talks: Prime Minister Justin Trudeau indicated on Tuesday that Canada would not compromise on key demands at high-level talks this week with the United States to update the North American Free Trade Agreement. Senior officials from both sides are due to meet in Washington today in a bid to settle major differences amid pressure from Washington for a quick settlement.
First Published: IST