Before Market Opens: 9 things to know at 9 am on November 15, 2022

Wall Street's main indices ended lower on Monday, with real estate and discretionary sectors leading broad declines, as investors digested comments from US Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week's big stock market rally. The Dow Jones Industrial Average fell 211.16 points, or 0.63 percent, to 33,536.7, the S&P 500 lost 35.68 points, or 0.89 percent, to 3,957.25 and the Nasdaq Composite dropped 127.11 points, or 1.12 percent, to 11,196.22.

Shares in the Asia-Pacific were little changed on Tuesday ahead of a slew of economic data from China, and following the meeting between US President Joe Biden and Chinese President Xi Jinping. In Australia, the S&P/ASX 200 slipped fractionally. South Korea’s Kospi inched higher by 0.15 percent. The Nikkei 225 in Japan was slightly lower.

At 8:20 am, the SGX Nifty was trading 53 points or 0.3 percent higher at 18,432, indicating a strong opening for the Indian markets.

Sensex opened 29 points lower at 61,765.86 and fell 223 points to hit its intraday low of 61,572.03. The index finally closed 171 points, or 0.28%, lower at 61,624.15 while the Nifty settled at 18,329.15, down 21 points, or 0.11%. Mid and smallcaps outperformed as their sectoral indices ended in the green. The BSE Midcap index ended with a nominal gain of 0.05% but the Smallcap index rose 0.25%.

Oil prices settled around $3 lower on Monday, dragged down by a firmer US dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world's biggest crude importer. Brent crude futures settled down $2.85, or 3 percent, at $93.14 a barrel after gaining 1.1 percent on Friday. WTI crude futures settled down $3.09, or 3.47 percent, to $85.87 after advancing 2.9 percent on Friday.

India's headline retail inflation rate fell to a three-month low of 6.77 percent in October from 7.41 percent in the previous months on a favourable base effect, data released on November 14 by the ministry of statistics and programme implementation showed. At 6.77 percent, the latest Consumer Price Index (CPI) inflation print is broadly along expected lines. As per a Moneycontrol poll, inflation was seen falling to 6.7 percent. The Reserve Bank of India (RBI), too, expected inflation to fall. Speaking at an event on November 13, Governor Shaktikanta Das said the central bank saw the CPI inflation falling below 7 percent in October.

The rupee depreciated by 50 paise to close at 81.28 against the US currency on Monday due to a firm dollar in the overseas markets.

Foreign institutional investors (FIIs) have net bought shares worth ₹1,089.41 crore, while domestic institutional investors (DIIs) net purchased shares worth ₹47.18 crore on November 14, as per provisional data available on the NSE.

Spot gold lost 0.29 percent to $1,771.90 per ounce as of 8:25 am on Tuesday.