Before Market Opens: Weak global cues may weigh on domestic market; 9 things to know at 9 am on December 2, 2022

US shares ended mixed on December 1 after a big rally the day before, buoyed by comments from Fed Chair Jerome Powell that did not sound as hawkish as some had feared, reported Reuters. Dow Jones fell 0.56 percent while S&P 500 slipped 0.09 percent. Nasdaq Composite Index rose 0.13 percent.Michael M. Santiago/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Asian shares were mixed on December 2 ahead of the US non-farm payrolls data. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2% in early trade. Japan's Nikkei fell almost 2 percent while Korea's Kospi fell more than percent. Shanghai Composite Index also slipped in trade. (AP Photo/Kin Cheung)

SGX Nifty (Nifty futures on Singapore Stock Exchange) indicated a negative start for the domestic market on December 2. At 8 am, the SGX Nifty was trading 61 points, or 0.32 percent, lower at 18,915. REUTERS/Kai Pfaffenbach/

Sensex jumped to a new peak of 63,583.07 while Nifty registered its new all-time high of 18,887.60 in trade on December 1. Eventually, Sensex ended at 63,284.19, up 185 points, or 0.29 percent. The Nifty closed at 18,812.50, up 54 points, or 0.29 percent. With this, the market extended its winning streak into the eighth consecutive session. (PTI Photo) (PTI7_5_2019_000223B)(PTI7_5_2019_000256B)

Goods and Services Tax (GST) collections for November 2022 stood at ₹1,45,867 crore, according to the data shared by the finance ministry on December 1. The revenue for the month of November is 11% higher than the GST revenue in the same month last year, which was ₹1,31,526 crore.

International Monetary Fund Managing Director Kristalina Georgieva said on December 2 that inflationary pressures were rising in Asia which, along with China's slowing growth, were among the risks to the region's economic outlook, reported Reuters.

Gold prices were flat in international markets on December 2 ahead of the US jobs data. The dollar's fall against its peers on expectations that the US Federal Reserve will slow the pace of interest rate hikes offered some support to gold prices.

The rupee jumped 21 paise to end at 81.22 per dollar in the previous session as the greenback witnessed some selling. The dollar held firm on December 2 but was pinned down near 16-week lows against a basket of major currencies as data showing increased US consumer spending in October emboldened investor hopes that the peak in interest rates was on the horizon, reported Reuters. 

Foreign portfolio investors (FPI) sold Indian shares worth ₹1,565.93 crore on NSE, BSE and MSEI in the previous session on December 1. Conversely, domestic institutional investors (DIIs) bought Indian shares worth ₹2,664.98 crore.