Before Market Opens: 9 things to know at 9 am on July 13, 2022

Wall Street ended in the negative territory on Tuesday as growing signs of recession kept buyers out of the equity market ahead of inflation data. The Dow Jones Industrial Average fell 192.51 points, or 0.62 percent, to 30,981.33, the S&P 500 lost 35.63 points, or 0.92 percent, to 3,818.8 and the Nasdaq Composite dropped 107.87 points, or 0.95 percent, to 11,264.73.

Shares in the Asia-Pacific were mixed on Wednesday ahead of China trade data and central bank decisions in the region. Investors will also be looking ahead to the US inflation report for June. Japan’s Nikkei 225 rose 0.48 percent, and the Topix index gained 0.43 percent In South Korea, the Kospi advanced 0.39 percent. The S&P/ASX 200 in Australia was 0.2 percent lower. MSCI’s broadest index of Asia-Pacific shares outside Japan was just above the flatline.

Equity indices ended lower for the second consecutive session on Tuesday dragged by IT, banking and FMCG stocks amid a bearish trend in global markets. The 30-share BSE Sensex opened on a weak note and fell 508.62 points or 0.94 percent to end at 53,886.61. The broader NSE Nifty declined 157.70 points or 0.97 percent to settle at 16,058.30.

At 8:20 am, the SGX Nifty was trading 66 points or 0.4 percent higher at 16,126 indicating a positive openning for the Indian markets.

Oil prices fell in early Asian trading on Wednesday as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown. Brent crude futures dropped 68 cents, or 0.7%, to $98.81 a barrel at 0002 GMT. U.S. West Texas Intermediate crude declined 72 cents, or 0.8%, at $95.12, also the lowest in three months.

India's retail inflation was largely unchanged at 7.01 percent in June from 7.04 percent in May, data released on July 12 by the Ministry of Statistics showed. Meanwhile, India's industrial growth (IIP) surged to 19.6 percent in May from 7.1 percent in April

Foreign institutional investors (FIIs) have offloaded shares worth ₹1,565.68 crore, whereas domestic institutional investors (DIIs) net bought shares worth ₹140.71 crore on July 12, as per provisional data available on the NSE.

The rupee ended nearly 17 paise lower at 79.60 per dollar in the previous session on July 13.

Gold traded near a more than nine-month low on Wednesday, as gains in the dollar weighed on bullion's appeal. Investors also awaited monthly US inflation data for cues on the road ahead for the Federal Reserve's monetary policy, reported news agency Reuters.