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10 things you need to know before the opening bell

Updated : 2019-02-04 08:14:44

The Indian market is likely to track mixed global cues on robust US jobs data. Investors also remained jittery ahead of first RBI policy meeting under the new governor. At 07:30 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down by 0.13 percent at 10,897, pointing to a tepid start for the Sensex and the Nifty 50.

Interim finance minister Piyush Goyal on Friday made key announcements on the economy, income tax, farmer relief packages, among others in the Union Budget 2019. In a major relief to the salaried class, Goyal announced a full tax rebate for individuals earnings up to Rs 5 lakh. This translates to a benefit of Rs 18,500 crore to more than 3 crore taxpayers. (Picture credits: stock image)
Interim finance minister Piyush Goyal on Friday made key announcements on the economy, income tax, farmer relief packages, among others in the Union Budget 2019. In a major relief to the salaried class, Goyal announced a full tax rebate for individuals earnings up to Rs 5 lakh. This translates to a benefit of Rs 18,500 crore to more than 3 crore taxpayers. (Picture credits: stock image)
Asian stocks were barely moved on Monday, hovering near a four-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan was basically unchanged. Japan’s Nikkei added 0.4 percent. China’s financial markets are closed all week for the Lunar New Year holiday. On Friday, the Dow nudged up 0.26 percent while the Nasdaq shed 0.25 percent. (Reuters)
Asian stocks were barely moved on Monday, hovering near a four-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan was basically unchanged. Japan’s Nikkei added 0.4 percent. China’s financial markets are closed all week for the Lunar New Year holiday. On Friday, the Dow nudged up 0.26 percent while the Nasdaq shed 0.25 percent. (Reuters)
The US dollar held near a one-week high against the yen on Monday, supported by stronger-than-expected US jobs and factory data, although gains are likely to be capped on caution about Federal Reserve policy and amid thinned holiday trade in Asia. Data released on Friday showed that the US economy created 304,000 jobs in January, the highest in 11 months, which beat street estimates. (Reuters)
The US dollar held near a one-week high against the yen on Monday, supported by stronger-than-expected US jobs and factory data, although gains are likely to be capped on caution about Federal Reserve policy and amid thinned holiday trade in Asia. Data released on Friday showed that the US economy created 304,000 jobs in January, the highest in 11 months, which beat street estimates. (Reuters)
GST collections in January rose to Rs 1.02 lakh crore -- the second highest monthly mop-up after April, the finance ministry said on Saturday, reported PTI. (Picture credits: stock image)
GST collections in January rose to Rs 1.02 lakh crore -- the second highest monthly mop-up after April, the finance ministry said on Saturday, reported PTI. (Picture credits: stock image)
With this being the last Budget of the Modi government ahead of the Lok Sabha elections, increase in spending was expected, especially allocation of funds for farmers as they go through crisis. On the other hand, the government has seen a combination of revenue shortfall, with GST still being in the transition period were the reasons behind the government revising the fiscal deficit target to 3.4 percent. (Picture credits: Reuters)
With this being the last Budget of the Modi government ahead of the Lok Sabha elections, increase in spending was expected, especially allocation of funds for farmers as they go through crisis. On the other hand, the government has seen a combination of revenue shortfall, with GST still being in the transition period were the reasons behind the government revising the fiscal deficit target to 3.4 percent. (Picture credits: Reuters)
US companies are beating analysts' expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019. The trend underscores fears about a potential decline in earnings this year, even as stocks just closed their best January in more than three decades, as the benchmark S&P 500 index rebounded from a swoon late last year. (Reuters)
US companies are beating analysts' expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019. The trend underscores fears about a potential decline in earnings this year, even as stocks just closed their best January in more than three decades, as the benchmark S&P 500 index rebounded from a swoon late last year. (Reuters)
Foreign Institutional Investors (FIIs) bought Rs 1,315.89 crore-worth shares and Domestic Institutional Investors sold Rs 5.07 crore worth of shares in the market on February 1, as per NSE data. (Picture credits: Reuters)
Foreign Institutional Investors (FIIs) bought Rs 1,315.89 crore-worth shares and Domestic Institutional Investors sold Rs 5.07 crore worth of shares in the market on February 1, as per NSE data. (Picture credits: Reuters)
Finance minister Piyush Goyal is scheduled to address the customary post budget meeting of the central board of Reserve Bank of India on February 9 and highlight the key points of the interim Budget. The meeting will take place two days after the sixth monetary policy review which is expected to take a call on policy rates. (Picture credits: Reuters/Caption credits: PTI)
Finance minister Piyush Goyal is scheduled to address the customary post budget meeting of the central board of Reserve Bank of India on February 9 and highlight the key points of the interim Budget. The meeting will take place two days after the sixth monetary policy review which is expected to take a call on policy rates. (Picture credits: Reuters/Caption credits: PTI)
Crude oil prices slipped on Monday after gains of about 3 percent in the previous session, but they were buoyed by expectations of tightening supply and signs that China-US trade tensions could ease.  US WTI futures were at $55.06 per barrel while  International Brent crude oil futures were down 24 cents, at $62.51 a barrel. (Reuters)
Crude oil prices slipped on Monday after gains of about 3 percent in the previous session, but they were buoyed by expectations of tightening supply and signs that China-US trade tensions could ease.  US WTI futures were at $55.06 per barrel while  International Brent crude oil futures were down 24 cents, at $62.51 a barrel. (Reuters)
Market close on Friday: BSE Sensex on the Budget day ended 212.74 points, or 0.59 percent, higher at 36,469.43. Similarly, the 50-share NSE Nifty jumped 62.70 points, or 0.58 percent, to close at 10,893.65. Rupee closed at 71.24 against the US dollar on Friday. (Picture credits: Reuters)
Market close on Friday: BSE Sensex on the Budget day ended 212.74 points, or 0.59 percent, higher at 36,469.43. Similarly, the 50-share NSE Nifty jumped 62.70 points, or 0.58 percent, to close at 10,893.65. Rupee closed at 71.24 against the US dollar on Friday. (Picture credits: Reuters)
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