Before Market Opens: 9 things to know at 9 am on February 13, 2023

The Nasdaq ended lower on Friday as megacap growth stocks came under pressure after Treasury yields pointed to higher interest rates and shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. The Dow Jones Industrial Average ended up 169.52 points, or 0.5 percent, to 33,869.4, the S&P 500 gained 8.98 points, or 0.22 percent, to 4,090.48 and the Nasdaq Composite dropped 71.46 points, or 0.61 percent, to 11,718.12.

Asian shares slipped on Monday as investors hunkered down for US inflation and retail sales data that could jolt the outlook for interest rates globally, while tempering or accelerating the recent spike in bond yields.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, after losing 2.2 percent last week. Japan's Nikkei fell 0.5 percent, and South Korea's Kospi shed 0.3 percent.

At 8:20 am, the SGX Nifty was trading 27 points or 0.15 percent lower at 17,850, indicating a negative opening for the Indian markets. 

Frontline indices the Sensex and the Nifty snapped a two-day winning run, ending lower on February 10, amid weak global cues as the risk appetite of investors remained low on uncertainty over rate hikes and global economic growth. Sensex closed 124 points, or 0.20 percent, lower at 60,682.70. The Nifty50 closed at 17,856.50, down 37 points, or 0.21 percent.

Oil prices eased on Monday after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States. Brent crude futures fell 69 cents, or 0.8%, to $85.70 a barrel by 0153 GMT after a 2.2% gain on Friday. U.S. West Texas Intermediate crude was at $79.04 a barrel, down 68 cents, or 0.9%, after rising 2.1% in the previous session.

US consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday. The sentiment index has rebounded from a low of 50 last June. The survey's measure of current economic conditions increased to a reading of 72.6 this month from 68.4 in January. Data is expected to show retail sales rebounding 1.5 percent in January after tumbling 1.1 percent in December, according to a Reuters survey of economists.

Foreign institutional investors (FII) net bought shares worth ₹1,458.02 crore, while domestic institutional investors (DII) offloaded shares worth ₹291.34 crore on February 10, NSE's provisional data showed.

Indian Rupee rose by a paise to end at 82.51 per dollar in the previous session. Surging crude oil prices, weak domestic equities and a strong dollar kept the rupee's gains checked.

Gold prices edged down on Monday as the dollar firmed, while investors awaited this week's US inflation data for cues on the Federal Reserve's interest rate hike path, reported Reuters.