Sensex, Nifty likely to start in green: 10 things to know before the opening bell

Indian benchmark indices – NSE Nifty50 and BSE Sensex – are likely to start Monday’s session in the green, as indicated by Singapore Exchange Nifty futures, amid positive moves across global markets.

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: Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — were up 85.5 points or 0.46 per cent at 18,714.5 at the last count ahead of the opening bell on Dalal Street.
• Asian markets: Asian stocks gained in early hours on Monday as Japan’s Nikkei 225 surged more than 1.5 per cent, follwed by Hong Kong’s Hang Seng up around 0.5 per cent, while South Korea’s KOSPI was up around 0.3 per cent and China’s Shanghai Composite was marginally higher by 0.1 per cent
• Wall Street: Overnight in the US, the three main equity indices ended higher on Friday after a labour market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default.
• Rupee vs dollar: The rupee ended almost flat gaining 1 paisa to 82.39 against the US dollar on Friday amid positive sentiment in markets. At the interbank foreign exchange market, the local unit opened on a positive note at 82.31 against the US dollar and touched an intra-day high of 82.27.
• Dollar index: The US dollar edged higher in choppy trading on Friday after May’s non-farm payrolls report showed employment surged but a jump in unemployment rate capped the gains. The dollar index, which measures the U.S. currency against six others, was last up 0.193 per cent at 103.720.
• Crude oil: Crude oil prices rose over 2 per cent on Friday after the US Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes.
• Monsoon Update: The monsoon missed its onset date in Kerala on Sunday, June 4, 2023, with the India Meteorological Department anticipating a further delay of three to four days The southwest monsoon normally sets in over Kerala on June 1 with a standard deviation of about seven days.
• Apollo Hospitals to sell stake: India's Apollo Hospitals Enterprise Ltd (APLH.NS) plans to raise about $200 million by selling a stake of up to 6 per cent in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday. It is expecting a valuation of $2.5 billion to $3 billion for the healthcare services platform, Apollo HealthCo Ltd.
• Saudi pledges oil cuts in July: Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
• FII, DII flow: Foreign portfolio investors (FPIs) net sellers’ Indian shares worth Rs 658.88 crore on Thursday whereas domestic institutional investors (DIIs) were net buyers to the tune of Rs 581.85 crore, according to provisional exchange data.

(With inputs from agencies)