10 things you should know before opening bell on April 27

SUMMARY

The Indian stock market is likely to make a weak start on Wednesday tracking global peers, after ending the session on a positive note the day before. While US stocks ended the overnight session in red as investors warily awaited tech earnings and fretted over global growth, Asian shares were trading in the red in the morning trade. China's COVID-19 curbs and fears of aggressive US Federal Reserve tightening continue to dampen risk appetite. Here are 10 things you should know before the opening bell on April 27 -

By CNBCTV18.comApr 27, 2022 8:16:10 AM IST (Updated)

Wall Street | The tech-heavy Nasdaq led Wall Street lower, closing at its lowest since late 2020. The Dow Jones Industrial Average fell 2.38 percent to end at 33,240.18 points, while the S&P 500 lost 2.81 percent to 4,175.2. The Nasdaq Composite dropped 3.95 percent to 12,490.74.

Asian Equities | Japan's Nikkei index slipped 1.7 percent, the Shangai benchmark declined 0.2 percent and Hong Kong's Hang Seng index was trading half a percent lower in morning trade.

SGX Nifty | Stocks on the Singapore Exchange were trading lower. SGX Nifty, which is an early indicator of India's Nifty index, was down more than a percent. Nifty futures was trading 1.06 percent lower at 7:49 am.

Dalal Street | BSE Sensex jumped 776.72 points or 1.37 percent to end at 57,356.61 on Tuesday. The broader NSE Nifty gained 246.85 points or 1.46 percent to finish at 17,200.80.

Rupee | The rupee rose by 8 paise to close at 76.56 against the US dollar on Tuesday following a rebound in regional currencies and expectations of foreign fund flows as the LIC IPO is likely to hit markets early in May.

Crude Oil | Oil prices rebounded in volatile trading. Brent crude was 0.0 percent to $102.66 per barrel at 7:35 am.

Gold | Gold prices rose initially on safe-haven buying but were down 0.3 percent to $1,903.50 an ounce at 7:37 am.

Cryptocurrency | The crypto market was trading in deep red with the world's largest cryptocurrency Bitcoin down 4.6 percent to $38,333.35. Ethereum lost 5.4 percent in the last 24 hours to trade at $2,837.67 at 7:43 am.

Earrings | Hindustan Unilever, Bajaj Auto, HDFC AMC, Indian Hotels, Persistent and Trent are expected to report their financial results for Q4 later in the day.

Russia-Ukraine crisis | Kyiv accused Russia of blackmailing Europe by cutting off gas supplies to Poland and Bulgaria as the crisis in Ukraine deepened, with tensions surging in nearby Moldova and Moscow warning the West to back off.