From global cues to macro data, 10 things to know before the opening bell today

Indian equity benchmarks NSE Nifty50 and BSE Sensex are likely to begin Tuesday’s session on a positive note tracking strong cues from other major markets around the globe. Official data released on Monday showed consumer inflation in India eased to a 25-month low and factory output continued on a growth path, supporting optimism about a reduction in the key lending rates soon. All eyes are on a key inflation reading from the world's largest economy as well as a two-day meeting of the Fed that begins later in the day. 

Market participants on Dalal Street are set to react to the domestic inflation and IIP numbers. 

“Investors are keenly awaiting interest rate decisions by central banks, viz US Fed, ECB and BoJ, where they are expected to take a pause,” Siddhartha Khemka, Head-Retail Research at Motilal Oswal Financial Services, pointed out.

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 33 points or 0.2 per cent at 18,731.5 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, with MSCI's broadest index of Asia Pacific shares outside Japan rising 0.3 per cent. Japan’s Nikkei 225 was up around 1.5 per cent and South Korea’s KOSPI up about 0.4 per cent, but Hong Kong’s Hang Seng down around 0.5 per cent and China’s Shanghai Composite flat with a negative bias.
• Wall Street: Overnight in the US, S&P 500 and Nasdaq rallied to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve's interest rate decision this week.
• Rupee vs dollar: The rupee gained by four paise to settle at 82.43 against the US dollar on Monday, supported by easing crude oil prices and a positive trend in domestic equities.
• Dollar index: The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Fed expected to keep rates on hold for the first time since January 2022.
• Crude oil: Crude oil prices fell by around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a US Federal Reserve meeting later this week.
• May inflation eases to over two-year low: India's annual retail inflation cooled to a more than two-year low of 4.25 per cent in May as cost pressures on food eased, moving closer to the Reserve Bank of India's (RBI) target of 4 per cent, government data showed on Monday.
• April industrial output rises: India's industrial output rose 4.2 per cent on a year-on-year basis in April, data from the Ministry of Statistics showed on Monday. Manufacturing, which accounts for about 17 per cent of the Indian economy, rose 4.9 per cent year-on-year in April.
• Biparjoy cyclone: A storm off India's west coast has strengthened to become a powerful cyclone and could hit India's western state of Gujarat and southern parts of Pakistan this week, the Indian weather department said on Monday.
• FII, DII flow: Foreign portfolio investors (FPIs) were net sellers to the tune of Rs 626.6 crore worth Indian shares on Monday, according to provisional exchange data. Domestic institutional investors (DIIs) made net purchases worth Rs 1,793.85 crore.

(With inputs from agencies)