10 things to know before the opening bell on December 10

SUMMARY

Indian shares may open flat on Friday as the Singapore-based SGX Nifty Futures, an early indicator of Nifty50's performance, indicated a green start for the Indian market, rising marginally to 17,534 at 7:45 am. Among major pre-market cues today, Dow Jones closed lower, US jobs market is recovering, and Bitcoin is down over 3.5 percent.

By CNBCTV18.comDec 10, 2021 8:12:19 AM IST (Published)

Wall Street: Stocks tapped breaks after three days of gains and closed lower on Wall Street Thursday. US inflation data is expected to come today, with experts expecting the reading to be highest in 40 years. The tech-heavy Nasdaq fell 1.7 percent. The Dow Jones fell less than 0.1 percent. And S&P 500 fell 0.7 percent.

Asian equities: Asian shares declined Friday morning following Wall Street overnight and Evergrande’s default. MSCI's broadest index of Asia-Pacific shares outside Japan was down nearly 0.5 percent. Japan's Nikkei index was down 0.6 percent. Chinese blue chips were down 0.4 percent. And South Korea’s Kospi was down 0.5 percent. Elsewhere, Australian shares declined nearly half a percent.

D-Street: The Indian shares closed mildly higher Thursday, extending gains to the third day. Sensex rose over 150 points to 58,87. And the Nifty50 index settled at 17,516, up 50 points.

Crude oil: Oil settled lower Thursday on fears about the economic outlook in the world’s biggest importer of crude oil following ratings downgrade of Evergrande Group. On Friday, Brent crude was down to $74.32 and the US oil was trading at $70.81.

Rupee: The rupee fell to 16-month lows of 75.60 Thursday amid foreign fund outflows from greenback in overseas markets. Meanwhile, the dollar index rose 0.20 percent to 96.08.

Gold:Gold futures on MCX Thursday declined marginally to Rs 48,055 per 10 grams. Silver futures for delivery in March declined by Rs 800 to Rs 61,623 per kilogram. Both precious metals were mixed in the international market Wednesday, with gold rising to $1,778 and silver flat at $21.97 per ounce.

Bitcoin: Bitcoin declined over 3.5 percent to $48,470 Friday morning, following a drop in the US equities and a strengthening US dollar. The coin is down 15 percent over the past seven days, per data from coinmarketcap.com. Ether prices also declined over 5 percent to $4,146.

Repo rate hike: IDFC MF expects a repo rate hike in April, Suyash Choudhary, head-fixed income, told CNBC-TV18.