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10 things to know before opening bell on April 6

Updated : April 06, 2021 07:54 AM IST

Indian shares are set to track mixed global cues on Tuesday. The Singapore-based SGX Nifty Futures, an early indicator of the broader trend in the Indian stock market, traded marginally higher by 6.00 points or 0.04 percent up at the 14,728.50 at 7:00 am. Here are the 10 things to know before the market opens today:

 1. Wall Street:  US stocks climbed to record highs on Monday as a strong bounce in US job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic. The Dow Jones Industrial Average rose 373.98 points to 33,527.19, a record closing high. The S&P 500 gained 1.4 percent to 4,077.91, also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7 percent to 13,705.59.
1. Wall Street: US stocks climbed to record highs on Monday as a strong bounce in US job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic. The Dow Jones Industrial Average rose 373.98 points to 33,527.19, a record closing high. The S&P 500 gained 1.4 percent to 4,077.91, also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7 percent to 13,705.59.
 2. Asian stocks:  Shares in Asia-Pacific were mixed in Tuesday morning trade after major indexes on Wall Street surged to record closing highs overnight stateside. The Nikkei 225 in Japan hovered above the flatline and South Korea’s Kospi rose 0.46 percent. In Australia, the S&P/ASX 200 advanced 0.93 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.24 percent higher.
2. Asian stocks: Shares in Asia-Pacific were mixed in Tuesday morning trade after major indexes on Wall Street surged to record closing highs overnight stateside. The Nikkei 225 in Japan hovered above the flatline and South Korea’s Kospi rose 0.46 percent. In Australia, the S&P/ASX 200 advanced 0.93 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.24 percent higher.
 3. D-Street:  The Indian benchmark indices ended sharply lower on Monday as concerns over rising COVID-19 cases and new restrictions imposed in various states spooked investors. The Sensex slipped 870.51 points to 49,159.32, while the Nifty ended 229.55 points lower at 14,637.80.
3. D-Street: The Indian benchmark indices ended sharply lower on Monday as concerns over rising COVID-19 cases and new restrictions imposed in various states spooked investors. The Sensex slipped 870.51 points to 49,159.32, while the Nifty ended 229.55 points lower at 14,637.80.
 4. Oil:  Crude oil prices rose early on Tuesday as a drop in the US dollar made it a more attractive buy, paring losses of more than 4 percent incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. Brent crude futures jumped 1.3 percent, to $62.98 a barrel at 0012 GMT, after falling 4.2 percent on Monday. US West Texas Intermediate (WTI) crude futures rose 1.4 percent, to $59.45 barrel, after sliding 4.6 percent on Monday.
4. Oil: Crude oil prices rose early on Tuesday as a drop in the US dollar made it a more attractive buy, paring losses of more than 4 percent incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. Brent crude futures jumped 1.3 percent, to $62.98 a barrel at 0012 GMT, after falling 4.2 percent on Monday. US West Texas Intermediate (WTI) crude futures rose 1.4 percent, to $59.45 barrel, after sliding 4.6 percent on Monday.
 5. Gold:  The yellow metal was marginally lower by Rs 15 to Rs 44,949 per 10 gram in the national capital on Monday amid muted trading and tepid global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,964 per 10 gram.
5. Gold: The yellow metal was marginally lower by Rs 15 to Rs 44,949 per 10 gram in the national capital on Monday amid muted trading and tepid global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,964 per 10 gram.
 6. Rupee:  The rupee declined by 18 paise to close at 73.30 against the US currency on Monday on the strong dollar in global markets and risk aversion in the domestic market amid concerns over rising COVID-19 cases. Losses in domestic equity markets also weighed on investors' sentiment.
6. Rupee: The rupee declined by 18 paise to close at 73.30 against the US currency on Monday on the strong dollar in global markets and risk aversion in the domestic market amid concerns over rising COVID-19 cases. Losses in domestic equity markets also weighed on investors' sentiment.
 7. Coronavirus:  With a high surge in the COVID-19 cases, India crossed the one-lakh mark in a daily rise in coronavirus cases for the first time ever. The country's tally rose to 1,25,89,067 with 1,03,558 new cases, the government data said.
7. Coronavirus: With a high surge in the COVID-19 cases, India crossed the one-lakh mark in a daily rise in coronavirus cases for the first time ever. The country's tally rose to 1,25,89,067 with 1,03,558 new cases, the government data said.
 8. PMI:  India Manufacturing PMI for the month of March came in at a 7-month low of 55.4 as against 57.5 in February, a monthly survey said on Monday. This drop was constrained by the escalation of the COVID-19 pandemic.
8. PMI: India Manufacturing PMI for the month of March came in at a 7-month low of 55.4 as against 57.5 in February, a monthly survey said on Monday. This drop was constrained by the escalation of the COVID-19 pandemic.
 9. Bankruptcy:  The government has promulgated an ordinance to introduce a pre-packaged insolvency resolution process for stressed micro, small and medium enterprises (MSMEs). It will allow the stressed debtor- in this case the MSMEs- and its creditors to quickly work out a plan to revive the company outside the bankruptcy process, which would then be sanctioned by the courts.
9. Bankruptcy: The government has promulgated an ordinance to introduce a pre-packaged insolvency resolution process for stressed micro, small and medium enterprises (MSMEs). It will allow the stressed debtor- in this case the MSMEs- and its creditors to quickly work out a plan to revive the company outside the bankruptcy process, which would then be sanctioned by the courts.
 10. Futures & Options:  The National Stock Exchange of India (NSE) on March 31 decided to reduce the lot size for the Nifty50’s futures & options (F&O) contracts to 50 from 75. It has also slashed the F&O lot size of 40 stocks by 50 percent. The lot size for Nifty Bank at 25 and Nifty Financial Services at 40 has been kept unchanged.
10. Futures & Options: The National Stock Exchange of India (NSE) on March 31 decided to reduce the lot size for the Nifty50’s futures & options (F&O) contracts to 50 from 75. It has also slashed the F&O lot size of 40 stocks by 50 percent. The lot size for Nifty Bank at 25 and Nifty Financial Services at 40 has been kept unchanged.
Published : April 06, 2021 07:46 AM IST
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