SGX Nifty futures point to positive start on D-Street: 10 things to know before market opens

10 things to know before opening bell, 10 things to know before market opens: Indian shares are set to start positive on Friday, June 30, 2023, tracking mixed moves across major markets around the globe. SGX Nifty futures, an early indicator of sentiment on the broader NSE index, suggests a positive start on Dalal Street. D-Street on Wednesday scaled record closing highs after Nifty crossed 19,000 and S&P BSE Sensex also hit a fresh all-time high of 64,050.44. 

Here are the top 10 things you should know before the opening bell today:

SGX Nifty Futures: SGX Nifty futures — an early indicator of the Nifty index — were up 45 points or 0.23 per cent at 19,195 at the last count ahead of the opening bell on Dalal Street.

Wall Street: The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. The Dow Jones Industrial Average (.DJI) rose 269.76 points, or 0.8 per cent, to 34,122.42, the S&P 500 (.SPX) gained 19.58 points, or 0.45 per cent, to 4,396.44 and the Nasdaq Composite (.IXIC) dropped 0.42 points to 13,591.33.

Asian shares: Asian markets bring an eventful first half of the year to a close on Friday with investors bracing for a raft of top tier economic data, particularly from China and Japan, and digesting yet another leg-up in global interest rate expectations.

Crude oil: Oil prices settled higher on Thursday after flip-flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4 per cent, to $74.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4 per cent, to $69.86 a barrel.

FII, DII flow: Foreign portfolio investors (FPIs) net sellers’ Indian shares worth Rs 12,350 crore on Friday whereas domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,021.01 crore, according to provisional exchange data.

Dollar index: The U.S. dollar index climbed to a two-week high on Thursday after economic data showed the labor market remained on a solid footing, giving the Federal Reserve a possible cushion to continue raising interest rates. The dollar index rose 0.35 per cent at 103.310 after climbing to 103.44, its highest level since June 13.

European share market: European shares edged higher on Thursday with Swedish retailer H&M rallying on stronger-than-expected quarterly profit, but economic data from both sides of the Atlantic and hawkish signals from major central bankers weighed on markets. The pan-European STOXX 600 index (.STOXX) closed 0.1 per cent higher.

(This story will be updated shortly.)

(With agency inputs)

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