Indian market is set for a weak start on Monday, in line with mixed global cues as investors remain jittery after the weak Chinese economic data sapped demand for equities and oil prices weakened again on Friday.

Share Market Live

NSE

Asian equities, however, rose in trade after US futures recovered. Japan's Nikkei turned positive whereas Korea's KOSPI remained mildly under pressure on Monday morning.

At 07.09 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.26 percent to 10,595.00, indicating a weak opening for the Indian market.

Here is what you need to know before the market opens:

Asia: MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.17 percent in early trade. Australian shares were down 0.08 percent, while Japan’s Nikkei stock index eased 0.12 percent.

Wall Street: The Dow Jones Industrial Average fell 201.92 points, or 0.77 percent, to 25,989.3, the S&P 500 lost 25.82 points, or 0.92 percent, to 2,781.01 and the Nasdaq Composite dropped 123.98 points, or 1.65 percent, to 7,406.90.

Crude Oil Prices: International benchmark Brent crude oil futures were at $71.11 per barrel at 0051 GMT, up 93 cents, or 1.3 percent from their last close. US West Texas Intermediate (WTI) crude oil futures were at $60.73 per barrel, up 54 cents, or 0.9 percent from their last settlement.

Market At Close On Friday: Indian equity market ended Friday's trade with mild losses, dragged by top IT and energy stocks, while gains in the financial and consumer counters arrested the downside. But for the week, the indices settled with mild gains. The broader Nifty was up 0.3 percent this week, while the Sensex also gained by 0.4 percent. The Nifty MidCap gained a percent this week and also ended higher on Friday.

Rupee: The rupee closed at 72.49, down 51 paise against the dollar from its last close.

Dollar: In currency markets, the dollar rose 0.07 percent against the yen to 113.90, and the euro was down 0.06 percent on the day at $1.1327. The dollar index, which tracks the greenback against a basket of six major rivals, was up at 97.004.

FII & DII data: Foreign institutional investors (FIIs) bought shares worth Rs 614 crore, while domestic institutional investors (DIIs) sold shares worth Rs 337 crore in the Indian equity market on November 9.

Raghuram Rajan on GST, Demonetisation: Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan said, asserting that the current seven percent growth rate is not enough to meet the country's needs. Addressing an audience at the University of California in Berkley on Friday, Rajan said for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds.

YH Malegam on RBI vs Govt: YH Malegam, a veteran chartered accountant who served as RBI board member for 21 years, pointed towards the need of amending the RBI Act if the government wants to transfer the surplus amount of the previous years.

Chhattisgarh Assembly Elections: Voting began in 10 out of 18 Assembly constituencies in the first phase of Chhattisgarh elections on Monday under a tight security blanket comprising over 1.25 lakh police and paramilitary personnel. In the first phase, 190 candidates are in the fray and as per electoral rolls, there are 31,80,014 voters.

(With inputs from agencies)

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

First Published:Nov 12, 2018 7:37 AM IST