Before Market Opens: 9 things to know at 9 am on September 6, 2022

Wall Street remain closed on account of US Labor Day holiday.

Shares in the Asia-Pacific traded mixed at the open on Tuesday ahead of the Reserve Bank of Australia's rate decision. Japan's Nikkei 225 slipped 0.17 percent and the Topix index lost 0.3 percent. The Kospi in South Korea rose 0.14 percent. In Australia, the S&P/ASX 200 was little changed. MSCI’s broadest index of Asia-Pacific shares outside of Japan inched 0.11 percent higher.

Domestic key equity indices the Sensex and the Nifty ended with healthy gains on September 5 despite weak global cues as investors picked stocks amid hopes that the domestic market will outperform a majority of its global peers and economic growth will not be disappointing even as the world's two largest economies, the US and China are grappling with faltering economic growth. Sensex closed with a gain of 443 points, or 0.75%, at 59,245.98 while the Nifty settled at 17,665.80, up 126 points or 0.72%.

At 8:20 am, the SGX Nifty was trading 24 points or 0.14 percent higher at 17,708, indicating a muted opening for the Indian markets.

Oil prices rose about 4 percent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices. Brent crude futures for November delivery rose $3.53 to $96.55 a barrel, up 3.8 percent, by 11:07 a.m. ET (1507 GMT). US West Texas Intermediate crude was up $3.08, or 3.6 percent, at $89.98 after a 0.3 percent gain in the previous session.

India's monetary policy will “remain watchful, nimble-footed and calibrated” going forward, Reserve Bank of India (RBI) Governor Shaktikanta Das said on September 5. “The RBI remains committed to support the market with two-way operations, as warranted, in line with the revised liquidity management framework,” Das said at an event organised by the Fixed Income Money Market and Derivatives Association of India (FIMMDA).

The rupee fell 5 paise to close at 79.84 per dollar in the previous session. Gains in domestic equity market capped the fall of rupee even as FPIs sold Indian equities worth ₹811.75 crore.

Foreign institutional investors (FIIs) have net sold shares worth ₹811.75 crore, whereas domestic institutional investors (DIIs) net bought shares worth ₹533.77 crore on September 5, as per provisional data available on the NSE.

Gold prices rose on Tuesday, buoyed by a pullback in the dollar and safe-haven buying due to economic slowdown concerns, though prospects of aggressive rate hikes capped further gains, reported news agency Reuters.