Before Stock Market Opens: 9 things to know at 9 am on September 20, 2022

Wall Street's main indices ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates. The Dow Jones Industrial Average rose 197.26 points, or 0.64 percent, to 31,019.68, the S&P 500 gained 26.56 points, or 0.69 percent, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76 percent, to 11,535.02.

Asian Markets are trading higher with Hang Seng, Taiwan Weighted, and Straits Times gaining 0.5 percent each. Japan's Nikkei gained 0.37 percent while the Shanghai index edged higher by 0.29 percent

At 8:20 am, the SGX Nifty was trading 151 points or 0.86 percent higher at 17,775, indicating a gap up opening for the Indian markets.

Equity benchmarks the Sensex and the Nifty snapped a three-day losing run on September 19 despite weak global cues. Sensex closed 300 points, or 0.51%, higher at 59,141.23 while the Nifty50 closed the day at 17,622.25, up 91 points or 0.52%.

Oil prices were little changed on Tuesday, after rising in the previous session, on concerns that interest rate hikes in the United States to tame inflation will curb economic growth and fuel demand in the world's biggest crude consumer. Brent crude futures for November settlement fell 7 cents, or 0.1%, to $91.93 a barrel by 0136 GMT. US West Texas Intermediate crude for October delivery was at $85.59 a barrel, down 14 cents, or 0.2 percent. The October contract will expire on Tuesday and the more active November contract was at $85.20, down 16 cents, or 0.2 percent.

Benchmark 10-year US Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst of rising price pressures may be in the past.

The rupee slipped 3 paise to close at 79.77 per dollar in the previous session. However, the fall of the domestic unit was capped due to gains in equity markets and foreign capital inflow.

Gold prices traded in a tight range on Tuesday, as investors maintained a cautious stance ahead of this week's policy meeting by the Federal Reserve where the US central bank is likely to hike interest rates to tame high inflation, reported news agency Reuters.

Foreign institutional investors (FIIs) have net bought shares worth ₹312.31 crore, whereas domestic institutional investors (DIIs) net sold shares worth ₹94.68 crore on September 19, as per provisional data available on the NSE.