Trends on SGX Nifty indicate a negative opening for the Indian market on Monday. Reversing a two-session losing streak, the rupee appreciated by 16 paise to close at 79.24 against the US dollar on Friday. State Bank of India reported a net profit of Rs 6,068 crore for the quarter ending June 2022, a decline of of 6.7 percent from the same quarter of the last fiscal year. Here are the 10 things you should know before opening bell on August 8:

The Nifty50, has recovered 8.6 percent in the past month. Samir Arora reasons that the Indian markets have fared better than their peers and so maintaining the current pace will be a difficult ask. 

There was an obvious market reaction to news that the US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change after some compromises on taxation within the deal.

The last leg of corporate earnings, macroeconomic data and global cues will take centrestage on Dalal Street this week, after the RBI delivered a third back-to-back hike in the COVID-era interest rate on Friday. Analysts believe the Nifty50 needs to cross 17,400 decisively for more upside.