Before Market Opens: Sensex, Nifty to open higher? 9 things to know at 9 am on September 13, 2022

Wall Street equity indexes closed higher on Monday as some investors bet that August data would show easing US inflation while others were encouraged by news that Ukraine had made progress against Russia in a war that has hurt the global economy. The Dow Jones Industrial Average rose 229.63 points, or 0.71%, to 32,381.34, the S&P 500 gained 43.05 points, or 1.06 percent, to 4,110.41 and the Nasdaq Composite added 154.10 points, or 1.27 percent, to 12,266.41.

Asia-Pacific markets were higher on Tuesday. The Nikkei 225 in Japan gained 0.26 percent, and the Topix index ticked 0.18 percent higher. In Australia, the S&P/ASX 200 rose 0.6 percent. South Korea’s Kospi rose 1.78 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.35 percent.

Positive global sentiment underpinned domestic market benchmarks the Sensex and the Nifty to end higher for the third consecutive session on September 12. The 30-share index closed the day with a gain of 322 points, or 0.54%, at 60,115.13 while the Nifty settled 103 points, or 0.58%, higher at 17,936.35.

At 8:20 am, the SGX Nifty was trading 101 points or 0.6 percent higher at 18,043, indicating a gap up opening for the Indian markets.

India's headline retail inflation rate, as measured by the Consumer Price Index (CPI), returned to 7 percent territory in August from a five-month low of 6.71 percent in July, according to data released on September 12 CPI inflation had fallen to 6.71 percent in July after spending three consecutive months above 7 percent. At 7 percent, the August CPI inflation figure is slightly above the consensus estimate.

India's industrial growth (IIP) slowed further in July to 2.4 percent from 12.7 percent in June, data released by the Ministry of Statistics and Programme Implementation on September 12 showed. At 2.4 percent, the July industrial growth figure is the lowest in four months.

The rupee ended 5 paise higher at 79.53 in the previous session as the dollar eased against its global peers. Gains in the equity market and buying by FPIs also supported the domestic currency. As per NSE data, FPIs bought Indian shares worth ₹2,049.65 crore on September 12.

Foreign institutional investors (FIIs) have net bought shares worth ₹2,049.65 crore, whereas domestic institutional investors (DIIs) net sold shares worth ₹890.51 crore on September 12, as per provisional data available on the NSE.

Gold prices held firm on Tuesday near a two-week high hit in the previous session, helped by a subdued dollar, while investors awaited US inflation data that could provide cues on the Federal Reserve's interest rate hike path, reported news agency Reuters.