10 things to know before opening bell on May 27

SUMMARY

Trends on the Singapore Stock Exchange suggest a positive start for the Indian stock market following positive global cues. The US stocks ended the overnight session in the green and stocks on Asian markets were also trading higher this morning. The sentiment on Wall Street followed strong earnings from the retail sector. Today, investors will be eyeing US economic data. From US stocks, Asian shares, oil, rupee to gold, here are 10 things to know before opening bell on May 27

By CNBCTV18.comMay 27, 2022 8:18:30 AM IST (Published)

Wall Street | The Dow Jones Industrial Average rose 1.6 percent, S&P 500 index edged 1.9 percent higher whereas the tech-heavy Nasdaq index closed 2.68 percent higher.

Asian equities | Japan's Nikkei was up 0.85 percent, the Shanghai index rose 0.5 percent while Hong Kong's Hang Seng index was trading 2.93 percent higher at 7:48 am.

SGX Nifty | On the Singapore stock exchange, Nifty futures were up 0.45 percent and SGX Nifty, an indicator of how India's broader Nifty would perform, was trading 0.47 percent higher at 7:50 am.

Dalal Street | Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 percent to settle at 54,252.53 on Thursday. NSE Nifty gained 144.35 points or 0.90 percent to end at 16,170.15.

Rupee | The rupee declined 2 paise to close at 77.57 (provisional) against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment.

Gold | Gold was little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the US dollar from 20-year highs. Spot gold held its ground at $1,848.59 per ounce, as of 6:32 am.

Oil | Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply. Brent crude was at $117.96 a barrel at 7:32 am.

Cryptocurrency | Crypto market was in the red on Friday with Bitcoin at $28,831.67, having given up 2.87 percent in the last 24 hours, and Ethereum was trading 11.58 percent lower at $1,733.31 at 7:46 am.

Earnings | Godrej Industries Ltd, Indiabulls Real Estate Ltd, Ruchi Soya, GAIL, JSW Steel, and Lemon Tree Hotels among others will report their quarterly earnings during the day.

Russia-Ukraine war | Advancing Russian forces came closer to surrounding Ukrainian troops in the east, briefly seizing positions on the last highway out of a crucial pair of Ukrainian-held cities before being beaten back, a Ukrainian official said on Thursday.