From global cues to Q4 results, 10 things to know before opening bell today

Indian equity benchmarks Nifty 50 and Sensex are likely to start Friday’s session in the green amid mixed moves across other major markets around the globe as investors remain divided about a breakthrough in the US debt ceiling talks.

“Presently, both the Nifty and Bank Nifty are facing selling pressure, leading to profit booking. Traders should exercise caution while initiating substantial long positions as the current market indicators lack clarity and strength,” said Ameya Ranadive, Research Analyst, Choice Broking.

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, companies or the economy:

• SGX Nifty futures: Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — were up 18 points or 0.1 per cent at 18,196.5 at the last count ahead of the opening bell on Dalal Street, suggesting a positive start in the Indian share market on Friday.
• Wall Street: Overnight in the US, the three main equity indices higher for a second straight day on mounting optimism that a US debt ceiling deal could be reached within days, with discount retailer Walmart Inc (WMT.N) providing additional support after an upbeat annual sales forecast. The Dow Jones Industrial Average rose 115.1 points, or 0.3 per cent, to 33,535.9, the S&P 500 gained 39.3 points, or 0.9 per cent, to 4,198.1, and the Nasdaq Composite added 188.3 points, or 1.5 per cent, to 12,688.8.
• Asian markets: Equities in most other Asian markets were mixed in the early morning session on Friday. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.3 per cent. Japan’s Nikkei 225 and South Korea’s KOSPI were up over 0.5 per cent each, while Hong Kong’s Hang Seng and China’s Shanghai Composite each fell between 0.5-1.5 per cent.
• Rupee vs dollar: The rupee fell by 25 paise to close at 82.62 against the US currency on Thursday, weighed down by a strong greenback in the overseas market and a negative trend in domestic equities. 
• Dollar Index: The dollar rose to a seven-week high of 103.63 on Thursday as another round of solid economic data further pared back bets on easing by the Fed. The dollar index, a measure of the greenback's value against six major currencies other than the rupee, was last up 0.7 per cent at 103.56.
• Crude oil: Crude oil prices fell about one per cent on Thursday after solid US economic data spurred the dollar to reach a two-month high on growing expectations the US central bank could raise interest rates again in June. Brent futures fell by $1.1, or 1.4 per cent, to settle at $75.9 a barrel. US West Texas Intermediate (WTI) crude fell by 97 cents, or 1.3 per cent, to $71.9.
• S&P retains India credit rating: The Indian economy is performing well amid challenging global conditions and sound fundamentals will underpin its growth over the next two to three years, S&P Global Ratings said on Thursday, retaining the country's sovereign credit rating. S&P affirmed its 'BBB-' long-term and 'A-3' short-term, unsolicited foreign and local currency sovereign credit ratings, while retaining the outlook on the long-term rating at stable.
• Q4 results: Index heavyweights such as State Bank of India (SBI) and ITC along with other broader market companies such as Bata India, Concor, GAIL and IndiGo announced their January-March quarter earnings for the financial year 2022-23 on Thursday. Companies such as JSW Steel, PowerGrid, Punjab National Bank and others are expected to release their numbers on Friday.
• SEBI framework on AIF: To strengthen corporate governance mechanism, capital markets regulator Sebi on Thursday proposed to amend the current rules governing alternative investment funds (AIFs). Under the proposal, Category I and Category II AIFs should not borrow funds directly or indirectly or engage in leverage for the purpose of making investments, Sebi said in its consultation paper.
• FII, DII flow: Foreign portfolio investors (FPIs) net purchased Indian shares worth Rs 970.2 crore on Thursday whereas domestic institutional investors (DIIs) remained net sellers to the tune of Rs 850 crore, according to provisional exchange data.

(With inputs from agencies)