ECB hikes rate after Fed pause: 10 things to know before opening bell on D-Street

Indian equity benchmarks Nifty50 and Sensex are likely to start Friday's session on a higher note. Here's a list of 10 things you need to know before Dalal Street resumes trading.

Nifty 50 and Sensex are likely to open in green on June 16. | Image: PTI

Indian equity benchmarks NSE Nifty50 and BSE Sensex are expected to begin Thursday’s session on a higher note, tracking positive cues from other major global markets. The analyst believes the market could remain consolidative for the next few days, as several other central banks would be announcing their policy decisions.

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 46.5 points or 0.25 per cent at 18,806.5 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 over 0.5 per cent in early hours. Japan’s Nikkei 225 was down nearly 1 per cent, while China’s Shanghai Composite up 0.4 per cent, Hong Kong’s Hang Seng was up 0.64 per cent and South Korea’s KOSPI up 0.3 per cent today.
Wall Street: Overnight in the US, The S&P 500 and Nasdaq surged on Thursday to close at their highest in 14 months, as investors cheered economic data that fueled bets that the U.S. Federal Reserve is nearing the end of its aggressive interest-rate hike campaign.
Rupee vs dollar: The rupee fell 20 paise to close at 82.25 against the US dollar on Thursday, pulled down by a strong greenback overseas and a negative trend in domestic equities.
Dollar index: The dollar index, which measures the currency against a basket of other major currencies, was last down 0.8 at 102.11. Earlier in the session, the index dropped to 102.08, a five-week low.
Crude oil: Crude oil prices gained about 3 per cent to a one-week high on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China.
ECB raises rates to 22-year high: The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and signalled further policy tightening, as it battles high inflation.
Govt orders probe into Hero MotoCorp: India's Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday.
May merchandise trade deficit rose: India's merchandise trade deficit rose faster than expected in May, due to a fall in demand in developed countries, a top trade official said on Thursday.
FII, DII flow: Foreign portfolio investors (FPIs) were net buyers to the tune of Rs 3,085.51 crore worth of Indian shares on Wednesday, according to provisional exchange data. While domestic institutional investors were net sellers at Rs 297.88 crore.

(With inputs from agencies)

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