Indian stocks are likely to open on a positive note on Wednesday amid mixed global cues. The SGX Nifty traded at levels around 11,365 vs Nifty Sep Future's Tuesday's close of 11,336, indicating a positive opening for the Indian market.
Here is what you need to know before the market opens:
Asia: Stocks were pinned near 14-month lows. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.05 percent, hovering near its lowest levels plumbed since July 2017 on Monday. Tokyo's Nikkei fell 0.25 percent and Australian stocks gave up 0.3 percent, while South Korea's KOSPI managed to eke out a modest 0.15 percent gain.
US: The Dow Jones Industrial Average climbed 113.99 points, or 0.4 percent, to end at 25,971.06 after two consecutive losing sessions. The S&P 500, added 10.76 points, or 0.4 percent, to finish at 2,887.89 and the Nasdaq Composite Index, advanced 48.31 points, or 0.6 percent, to 7,972.47.
Dollar index: In currencies, the dollar index against a basket of six major currencies was 0.15 percent lower at 95.128, handing back the previous day's modest gains. The euro dipped 0.1 percent to $1.1593. Against the Japanese yen, the dollar fell 0.14 percent to 111.49 yen.
Crude oil prices: Brent crude futures were 0.3 percent higher at $79.31 per barrel after surging more than 2 percent on Tuesday.
Market at close: BSE Sensex closed lower by 509.04 points, or 1.34 percent, to 37,413.13, while the Nifty 50 fell 150.60 points, or 1.32 percent, to close at 11,287.50.
Rupee: The Indian rupee closed at a record low of 72.69 against the dollar from its previous close of 72.45/$.
FII & DII data: Foreign institutional investors sold shares worth Rs 1,454.36 crore while domestic institutional investors bought shares worth Rs 749.62 crore in the Indian equity market on Tuesday.
Russia on oil market: The global oil market has recovered from an oversupply crisis thanks to a 2016 Vienna accord to curb output but remains “fragile” due to geopolitics and production declines in some nations, Russia’s energy minister said on Wednesday.
NPAs: Former RBI deputy governor HR Khan said that it is wrong to say that rise in bad debt only because of corruption and the power companies should utilise the time allowed by the Supreme Court.
Market governance: Sebi on Tuesday called for bigger, cleaner and safer markets and enhancing the overall governance standards in the market for issuers, intermediaries or market infrastructure providers.
(With inputs from agencies)
First Published: IST