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

Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the US Congress, with investors betting on a political stalemate that could prevent major policy changes. The Nasdaq gained 0.49 percent to 10,616.20 points, while the Dow Jones Industrial Average rose 1.02 percent to 33,160.83 points. The S&P 500 climbed 0.56 percent to end the session at 3,828.13 points.

Asia-Pacific stocks are set to rise as investors await the results of the United States midterm elections and a slew of economic data is expected, including China’s inflation data. The Nikkei 225 in Japan and the Topix were marginally lower, while the Kospi in South Korea gained 0.77 percent. In Australia, the S&P/ASX 200 rose 0.36 percent.

In India, there are two predominant stock exchanges namely BSE and NSE.

Investors can track the latest IPO updates via stock exchange websites i.e. NSE & BSE.

Oil prices fell more than $2 on Tuesday in choppy trading on growing worries about fuel demand as Covid-19 outbreaks worsened in top crude importer China, and jitters about the outcome of US midterm elections. Brent futures for January delivery fell $2.56 to $95.36 a barrel, a 2.6 percent loss. US crude fell $2.88, or 3.14 percent, to $88.91 per barrel.

The total housing sales have jumped 24 percent to 1,08, 817 units in the third quarter of 2022 as against 87,747 units in the same quarter of 2021. The total unsold inventories in the top cities at the end of the third quarter of 2022 went down by 12 percent as compared to last year, according to a report by PropEquity. The real estate market has shown a slow rebound from Covid-19 lockdowns this year amid inflation and high bank loan rates. The absorption has been much higher than new launches in the third consecutive quarter. The report added the absorption is higher by 25 percent than new launches.

The rupee jumped 52 paise to close at 81.92 per dollar in the previous session due to the dollar's weakness and gains in domestic equities.

Gold prices were little changed on Wednesday, near a one-month high hit in the previous session, while the focus shifts to US inflation data due later this week, reported news agency Reuters.

Foreign institutional investors (FIIs) net bought shares worth ₹1,948.51 crore, whereas domestic institutional investors (DIIs) net sold shares worth ₹844.20 crore on November 7, as per provisional data available on the NSE.