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10 things you need to know before the opening bell

Updated : February 20, 2019 07:29 AM IST

Indian shares are set to open higher on Wednesday as Asian stocks edged up after Donald Trump said US-China trade talks are going well. At 07:21 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.47 percent at 10,663, indicating a positive start for the Indian market

Asia: Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade. Japan's Nikkei gained 0.4 percent. (Image: AP)
Asia: Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade. Japan's Nikkei gained 0.4 percent. (Image: AP)
Oil and gas block auction: The government on Tuesday approved new rules for bidding out oil and gas blocks as it reverted back to a two-decade-old system of awarding areas based on exploration work commitment, granted marketing and pricing freedom to yet to be developed discoveries and allowed ONGC to induct private firms in existing fields, PTI reported. (Image: Reuters)
Oil and gas block auction: The government on Tuesday approved new rules for bidding out oil and gas blocks as it reverted back to a two-decade-old system of awarding areas based on exploration work commitment, granted marketing and pricing freedom to yet to be developed discoveries and allowed ONGC to induct private firms in existing fields, PTI reported. (Image: Reuters)
Gold: Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the US Federal Reserve's policy meeting minutes later in the session. (Reuters)
Gold: Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the US Federal Reserve's policy meeting minutes later in the session. (Reuters)
Oil prices: Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and US sanctions on Iran and Venezuela, but capped by soaring US production and expectations of an economic slowdown. US West Texas Intermediate (WTI) crude oil futures were at $55.93 per barrel at 0042 GMT, down 16 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week. (Reuters)
Oil prices: Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and US sanctions on Iran and Venezuela, but capped by soaring US production and expectations of an economic slowdown. US West Texas Intermediate (WTI) crude oil futures were at $55.93 per barrel at 0042 GMT, down 16 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week. (Reuters)
GDP: Refuting charges of destroying the credibility of Indian data, the government said the revised GDP figures for the demonetisation year was not cooked up and, in fact, the growth rates are likely to go up further due to the GST, IANS reported. (Image: stock image)
GDP: Refuting charges of destroying the credibility of Indian data, the government said the revised GDP figures for the demonetisation year was not cooked up and, in fact, the growth rates are likely to go up further due to the GST, IANS reported. (Image: stock image)
GST Council Meeting: With regard to real estate sector, a state ministerial panel on GST rates for real estate sector had earlier this month suggested cutting GST on under-construction residential properties to 5 percent without ITC, from 12 percent currently. On affordable housing segment, it suggested that GST be slashed to 3 percent, from 8 percent. The council meeting is being held today, reported PTI. (Image: stock image)
GST Council Meeting: With regard to real estate sector, a state ministerial panel on GST rates for real estate sector had earlier this month suggested cutting GST on under-construction residential properties to 5 percent without ITC, from 12 percent currently. On affordable housing segment, it suggested that GST be slashed to 3 percent, from 8 percent. The council meeting is being held today, reported PTI. (Image: stock image)
Rupee: The rupee closed at 71.34 against the dollar on Tuesday. (Image: Reuters)
Rupee: The rupee closed at 71.34 against the dollar on Tuesday. (Image: Reuters)
NBFC crisis: Signalling an end to the liquidity crisis that NBFCs have been facing since last September, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors, a Care Ratings report said. (Image: Reuters)
NBFC crisis: Signalling an end to the liquidity crisis that NBFCs have been facing since last September, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors, a Care Ratings report said. (Image: Reuters)
US Fed Rates: The Federal Reserve may need to raise interest rates further but it has time to assess how the economy is doing before tightening borrowing conditions, Cleveland Federal Reserve President Loretta Mester said on Tuesday. (Reuters)
US Fed Rates: The Federal Reserve may need to raise interest rates further but it has time to assess how the economy is doing before tightening borrowing conditions, Cleveland Federal Reserve President Loretta Mester said on Tuesday. (Reuters)
Wall Street: In New York, the S&P 500 gained 0.15 percent, helped by upbeat results from Walmart while the Nasdaq rose 0.19 percent, logging its seventh straight session of gains. (Reuters)
Wall Street: In New York, the S&P 500 gained 0.15 percent, helped by upbeat results from Walmart while the Nasdaq rose 0.19 percent, logging its seventh straight session of gains. (Reuters)
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