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10 things you need to know before the opening bell

Updated : 2019-04-01 07:32:57

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set for a strong start to the new fiscal year on Monday ahead of the Reserve Bank of India’s monetary policy announcement this week. Gains in the Asian markets will also support local equities as progress in US-China trade negotiations and positive China factory data boosted global equities. However, another defeat for UK Prime Minister Theresa May’s Brexit deal could weigh on markets. At 07:18 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.42 percent at 11,724.50, indicating a positive start for the Sensex and Nifty.

1. Asia: Asian stocks rose on Monday, as signs of progress in US-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes. (Reuters)
1. Asia: Asian stocks rose on Monday, as signs of progress in US-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes. (Reuters)
2. Rupee: The rupee closed at 69.15 against the dollar on Friday. (stock image)
2. Rupee: The rupee closed at 69.15 against the dollar on Friday. (stock image)
3. Market close on Friday: The Nifty and Sensex ended higher on Friday, the last trading session on the financial year 2018-19 (FY19), led by gains in metal, auto, realty and pharma sectors.  Hopes of the Reserve Bank of India (RBI) slashing interest rate in its monetary policy decision next week also boosted the sentiment. (image: Reuters)
3. Market close on Friday: The Nifty and Sensex ended higher on Friday, the last trading session on the financial year 2018-19 (FY19), led by gains in metal, auto, realty and pharma sectors.  Hopes of the Reserve Bank of India (RBI) slashing interest rate in its monetary policy decision next week also boosted the sentiment. (image: Reuters)
4. US Market: The S&P 500, in the Wall Street, posted its best quarterly gain in a decade on Friday amid trade optimism. (Image: Reuters)
4. US Market: The S&P 500, in the Wall Street, posted its best quarterly gain in a decade on Friday amid trade optimism. (Image: Reuters)
5. US and China: The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington saying the negotiations were “candid and constructive” as the world’s two largest economies try to resolve their drawn-out trade war. (Reuters)
5. US and China: The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington saying the negotiations were “candid and constructive” as the world’s two largest economies try to resolve their drawn-out trade war. (Reuters)
6. RBI Policy: The Reserve Bank of India (RBI) may cut key lending rates by another 25 basis points on Thursday to boost economic activities amid fears of global slowdown impacting domestic growth prospects, experts told PTI. (Image: Reuters)
6. RBI Policy: The Reserve Bank of India (RBI) may cut key lending rates by another 25 basis points on Thursday to boost economic activities amid fears of global slowdown impacting domestic growth prospects, experts told PTI. (Image: Reuters)
7. Global currency: In the currency market, the dollar index against a basket of six major currencies was little changed at 97.223 after going as high as 97.341 on Friday, its strongest since March 11. The pound was down 0.1 percent at $1.3021. The euro was a touch higher at $1.1223 while the dollar edged up 0.15 percent to 111.00 yen. (Reuters)
7. Global currency: In the currency market, the dollar index against a basket of six major currencies was little changed at 97.223 after going as high as 97.341 on Friday, its strongest since March 11. The pound was down 0.1 percent at $1.3021. The euro was a touch higher at $1.1223 while the dollar edged up 0.15 percent to 111.00 yen. (Reuters)
8. Key numbers: PMI manufacturing and services' figures, along with monthly automobile sales data will be released during the week. (Image: Reuters)
8. Key numbers: PMI manufacturing and services' figures, along with monthly automobile sales data will be released during the week. (Image: Reuters)
9. Oil Market: Crude oil prices added to Friday’s gains, with US West Texas Intermediate (WTI) futures gaining 0.47 percent to $67.90 per barrel. Oil prices posted their biggest quarterly rise in a decade during the January-March, as US sanctions against Iran and Venezuela, as well as OPEC-led supply cuts, overshadowed concerns over a slowing global economy. (Reuters)
9. Oil Market: Crude oil prices added to Friday’s gains, with US West Texas Intermediate (WTI) futures gaining 0.47 percent to $67.90 per barrel. Oil prices posted their biggest quarterly rise in a decade during the January-March, as US sanctions against Iran and Venezuela, as well as OPEC-led supply cuts, overshadowed concerns over a slowing global economy. (Reuters)
10. US Treasury yield: The benchmark 10-year US Treasury yield edged up to a six-day high of 2.433 percent, pulling away from a 15-month low of 2.340 percent brushed on March 25. The Treasury 10-year yield had sunk to the 15-month low as risk aversion driven by concerns toward a global economic slowdown gripped the financial markets toward the end of March. (Reuters)
10. US Treasury yield: The benchmark 10-year US Treasury yield edged up to a six-day high of 2.433 percent, pulling away from a 15-month low of 2.340 percent brushed on March 25. The Treasury 10-year yield had sunk to the 15-month low as risk aversion driven by concerns toward a global economic slowdown gripped the financial markets toward the end of March. (Reuters)
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