From global cues to corporate action: 10 things to know before market opens today

Indian equity benchmarks – Nifty50 and Sensex – are likely to start Monday's session on a higher note, as indicated by Singapore Exchange (SGX) Nifty futures, on the back of largely positive moves across other major markets across the globe. Investors are eyeing the domestic and US inflation data along with US Fed Reserve policy this week.

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 61.5 points or 0.33 per cent at 18,671.5 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 over 0.6 per cent, Hong Kong’s Hang Seng was down around 0.4 per cent, China’s Shanghai Composite was also down 0.4 per cent and South Korea’s KOSPI fell around 0.5 per cent.
• Wall Street: Overnight in the US, the three main equity indices closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve's policy meeting and inflation data next week.
• Rupee vs dollar: The rupee appreciated by 4 paise to close at 82.47 against the US dollar on Friday amid a weak sentiment in domestic equities.
• Dollar index: The US dollar held its ground on Monday but was still near multi-week lows against some of its major peers as traders were on guard ahead of central bank meetings this week, including the Federal Reserve where it will announce its rates decision.
• Crude oil: Crude oil prices edged lower on Friday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.
• Equity MF inflows halve in May: Inflows into Indian equity mutual funds halved sequentially to 32.4 billion rupees in May, the lowest since November 2022, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
• Storm Update: India's western states of Gujarat, Maharashtra, Goa and other coastal regions are on alert after meteorologists warned that a cyclonic storm over the Arabian sea would intensify over the next 24 hours.
• SBI to raise up to Rs 50,000 cr via debt in FY24: State Bank of India (SBI.NS), the country's largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet the rising demand for credit.
• FII, DII flow: Foreign portfolio investors (FPIs) net sellers Indian shares worth Rs 308.97 crore on Friday whereas domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,245.51 crore, according to provisional exchange data.

(With inputs from agencies)