The Indian market is likely to open flat-to-positive as SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.22 percent at 10,841 at 07:00 AM.

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Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth.

Here is what you need to know before the market opens

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Asia: MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed at 490.97 points after climbing to the highest since early December on Friday. Liquidity was expected to be light during Asian hours as Japan was on public holiday. Australian shares ticked up 0.3 percent while New Zealand's benchmark index was off 0.2 percent.

US: The Dow Jones Industrial Average fell 5.97 points, or 0.02 percent, to 23,995.95, the S&P 500 lost 0.38 point, or 0.01 percent, to 2,596.26 and the Nasdaq Composite dropped 14.59 points, or 0.21 percent, to 6,971.48.

Market at close on Friday: Indian shares failed to hold the opening gains despite a recovery seen in the last hour on Friday. Benchmark indices ended the session with a fall of 0.3 percent each with market breadth in favour of declines. The broader NSE Nifty50 settled 27 points in the red at 10,795 and the BSE Sensex 97 points lower, settling above 36,000 mark. For the week, Nifty gained 0.6 percent, while Sensex surged a percent.

Oil Prices: International Brent crude oil futures were at $60.75 per barrel at 0040 GMT, up 27 cents, or 0.5 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.4 percent, at $51.81 a barrel.

Rupee: The rupee closed at 70.48, down by 7 paise against the dollar on Friday.

Dollar: The dollar’s index, which measures the greenback against a basket of major currencies, was mostly flat at 95.645 after two straight days of gains.

FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 687 crore while domestic institutional investors (DIIs) bought shares worth Rs 123 crore in the Indian equity market on January 11.

RBI On NPA In MUDRA Loans: The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro enterprises in the country -- the Pradhan Mantri Mudra Yojana. The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore. As per the annual report of PMMY, 2017-18, total disbursements under the scheme stood at Rs 246,000 crore in FY 18.

Fiscal Deficit Target: Meeting the fiscal deficit target of 3.3 percent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts. Moreover, some populist announcements by the government to woo voters ahead of general elections would make the task of achieving the fiscal deficit target even more daunting. Some of the experts have already projected that the fiscal deficit could rise to 3.5 percent of the GDP, more than the budget estimate of 3.3 percent of the GDP for the current fiscal.

Rahul Gandhi-General Election 2019: The Congress party will simplify the goods and services tax (GST) and take "rational economic decisions" to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on Saturday. "We will restructure the GST and we will embrace investments from the Middle East and other parts of the world. We are the party of (India's economic) liberalisation, we are the party that gave the fastest economic growth in the first decade of the century, and will do that again."

(With inputs from agencies)

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First Published:Jan 14, 2019 7:17 AM IST