SGX Nifty is trading in the green, indicating a positive opening for the Indian market today. Among major pre-market cues, while US stock markets ended higher on Wednesday, led by technology and communications shares, D Street looks at the RBI's announcement of policy resolution today. Here are 10 things you should know before market opens on Thursday:
Wall Street | The US stock markets ended higher on Wednesday, led by technology and communications shares. S&P 500 gained 1.5 percent, Dow Jones surged 0.9 percent, while Nasdaq rose 2.1 percent in trade. The yield on the 10-year Treasury note held steady at 1.95 percent, the highest it's been since before the pandemic began.
Asian Equities | Asian shares advanced on Wednesday with tech stocks particularly catching a lift following a strong session on Wall Street, while U.S. Treasury yields held near multi-year highs ahead of closely watched inflation data this week.
D-Street | Domestic equity benchmarks extended gains to a second straight day on Wednesday. Gains across most sectors pushed the headline indices higher, with financial, auto and IT stocks being the top movers.
Brent Crude | Oil prices rallied after US crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high, underscoring the market's ongoing tightness. Brent crude futures settled up 77 cents, or 0.9%, to $91.55 a barrel.
Rupee | The rupee declined by 5 paise to close at 74.79 (provisional) against the US dollar on Wednesday amid persistent foreign fund outflows and elevated crude oil prices.
Gold Prices | Prices of the yellow metal were higher on Wednesday as a weaker dollar offered support to the safe-haven metal ahead of U.S. inflation data.
Cryptocurrency | Cryptocurrency prices today evening rose marginally with Bitcoin breaking above $44,000. Ether gained 3.7 percent to $3,195 while Binance Coin rose about 0.7 percent to $424.
RBI Monetary Policy | The Reserve Bank of India's six-member Monetary Policy Committee is scheduled to announce the policy resolution on February 10. The panel began its three-day deliberations on Tuesday to decide the next monetary policy. (Read more here)
Earnings Today | Amara Raja Batteries, BEML, Cochin Shipyard, Hero MotoCorp, Hindalco Industries, Dr Lal Pathlabs, Lemon Tree Hotels, M&M, Quess Corp, Tata Chemicals and Trent will report their quarterly earnings today.
UP Elections 2022 | The battle for Uttar Pradesh begins on Thursday with polling scheduled to take place in 58 Assembly seats spread across 11 districts in the western part of the state. (Read live updates here)