The market is likely to open in the green as a ripple effect of the strong global cues.

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Here's what you should know before the opening bell

Global cues: Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth.

Market at close: The Indian market on Friday recovered in the last hour of trade, but failed to turn positive. The NSE Nifty ended at 11,557, dragged by Infosys and private banks, while the BSE Sensex fell 85 points to end the session below 38,300.

Oil: US crude dipped 0.23 percent at $68.56 a barrel, and Brent crude fell to $75.68 per barrel after oil prices rose last week, ending a streak of weekly declines on tightening supply, driven by the prospect of lower oil supply from Iran.

Global currencies: The dollar rose 0.05 percent against the yen to 111.28 while the euro was up 0.13 percent on the day at $1.1636.

Rupee: The rupee on Friday closed at 67.0884 against the US dollar.

RBI February 12 Circular: The deadline to resolve assets under the Reserve Bank of India's (RBI) February 12 circular ends on Monday, August 27.

FPIs: Foreign investors have pumped in a little over Rs 6,700 crore into the Indian capital markets so far this month on improvement on the macro front, better corporate earnings and correction in the mid and small-cap space.

Market capitalisation: Five of the 10 most valued Indian companies together added Rs 65,564.57 crore to their market capitalisation last week, with RIL alone accounting for over Rs 47,000 crore. Apart from Reliance Industries (RIL), Tata Consultancy Services (TCS), Hindustan Unilever (HUL), HDFC and Maruti Suzuki India saw a rise in their market capitalisation (m-cap) for the week ended August 24.

Fuel prices: The petrol prices in Mumbai increased by 13 paise to Rs 85.33 per litre on Monday while the diesel prices increased by 15 paise to Rs 73.74 per litre.

Demat form for new listing: The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials told PTI, amid intensified efforts to fight the black money menace.

Also Read: Here are the top stocks to watch out for today

(With inputs from agencies)

First Published:Aug 27, 2018 7:22 AM IST