Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Market

10 things you need to know before the opening bell

Updated : 2019-04-02 07:50:20

Indian shares are set for a mixed start on Tuesday after a record rally in the Sensex in the previous session. Hopes of a rate cut by the Reserve Bank of India (RBI) and positive cues from the global markets will likely support the Sensex and the Nifty 50. Asian shares advanced after factory activity surveys from the US and China boosted investor confidence. At 07:25 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.09 percent at 11,744.50, indicating a mixed start for the Sensex and Nifty.

1. Asia: Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent to a seven-month high after rallying more than one percent in the previous session. Australian shares gained 0.8 percent while Japan's Nikkei advanced 0.4 percent, extending its gains for a third session. (Reuters)
1. Asia: Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent to a seven-month high after rallying more than one percent in the previous session. Australian shares gained 0.8 percent while Japan's Nikkei advanced 0.4 percent, extending its gains for a third session. (Reuters)
2. Oil: Oil prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations. Brent crude rose 26 cents, or 0.4 percent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019. US West Texas Intermediate (WTI) futures rose 28 cents, or 0.5 percent to $61.87 a barrel, earlier reaching $61.89, also a new high for 2019. WTI closed up 2.4 percent on Monday. (Reuters)
2. Oil: Oil prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations. Brent crude rose 26 cents, or 0.4 percent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019. US West Texas Intermediate (WTI) futures rose 28 cents, or 0.5 percent to $61.87 a barrel, earlier reaching $61.89, also a new high for 2019. WTI closed up 2.4 percent on Monday. (Reuters)
3. Brexit: Britain was no nearer to resolving the chaos surrounding its departure from the European Union after parliament failed on Monday to find a majority of its own for any alternative to Prime Minister Theresa May's Brexit deal. After a tumultuous week in which May's divorce strategy was rejected by lawmakers for a third time, despite her offer to quit if it passed, the future direction of Brexit remains mired in confusion. (Reuters)
3. Brexit: Britain was no nearer to resolving the chaos surrounding its departure from the European Union after parliament failed on Monday to find a majority of its own for any alternative to Prime Minister Theresa May's Brexit deal. After a tumultuous week in which May's divorce strategy was rejected by lawmakers for a third time, despite her offer to quit if it passed, the future direction of Brexit remains mired in confusion. (Reuters)
4. Market close on Monday: The Indian market pared some gains but ended higher on the first day of the fiscal year 2019-20. In intra-day, the S&P BSE Sensex hit a record high, buoyed by strong gains in metal and state-run bank stocks, as investors hoped for a rate cut in the central bank policy decision later this week. The sentiment was also boosted as strong China PMI data lifted global Asian peers. The currency derivates market was shut on Monday. (Image: Reuters)
4. Market close on Monday: The Indian market pared some gains but ended higher on the first day of the fiscal year 2019-20. In intra-day, the S&P BSE Sensex hit a record high, buoyed by strong gains in metal and state-run bank stocks, as investors hoped for a rate cut in the central bank policy decision later this week. The sentiment was also boosted as strong China PMI data lifted global Asian peers. The currency derivates market was shut on Monday. (Image: Reuters)
5. Fiscal deficit target: The government has been able to contain its fiscal deficit around 3.4 percent of the GDP in 2018-2019 by resorting to withdrawals/cash support from public accounts and savings on expenditure, sources told CNBC-TV18. (Image: Reuters)
5. Fiscal deficit target: The government has been able to contain its fiscal deficit around 3.4 percent of the GDP in 2018-2019 by resorting to withdrawals/cash support from public accounts and savings on expenditure, sources told CNBC-TV18. (Image: Reuters)
6. Rupee-Dollar swap: The Reserve Bank of India (RBI) said on Monday it would conduct another round of dollar-rupee buy-sell swap of $5 billion for a tenure of three years on April 23, its second such auction within a month. (Reuters)
6. Rupee-Dollar swap: The Reserve Bank of India (RBI) said on Monday it would conduct another round of dollar-rupee buy-sell swap of $5 billion for a tenure of three years on April 23, its second such auction within a month. (Reuters)
7. Dollar: The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs. The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20. The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses. Sterling last traded at $1.3059, down 0.35 percent. (Reuters)
7. Dollar: The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs. The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20. The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses. Sterling last traded at $1.3059, down 0.35 percent. (Reuters)
8. Wall Street: Wall Street shares jumped on Monday, with the S&P 500 and Dow Jones Industrial Average both rising more than one percent, with the Dow lifted by sharp gains in Caterpillar Inc and Boeing Co. Investors cheered US data overnight showing improvements in manufacturing activity last month and construction spending for February, which overshadowed an unexpected drop in retail sales. (Reuters)
8. Wall Street: Wall Street shares jumped on Monday, with the S&P 500 and Dow Jones Industrial Average both rising more than one percent, with the Dow lifted by sharp gains in Caterpillar Inc and Boeing Co. Investors cheered US data overnight showing improvements in manufacturing activity last month and construction spending for February, which overshadowed an unexpected drop in retail sales. (Reuters)
9. Gold: Gold inched lower on Monday as stronger-than-expected US manufacturing data offset support from sluggish retail sales numbers, while palladium surged 3 percent. Spot gold dipped 0.2 percent to $1,289.20 per ounce at 1:49 PM EDT (1749 GMT). US gold futures settled 0.3 percent lower at $1,294.20 per ounce.
9. Gold: Gold inched lower on Monday as stronger-than-expected US manufacturing data offset support from sluggish retail sales numbers, while palladium surged 3 percent. Spot gold dipped 0.2 percent to $1,289.20 per ounce at 1:49 PM EDT (1749 GMT). US gold futures settled 0.3 percent lower at $1,294.20 per ounce.
10. FIIs and DIIs: Foreign Institutional Investors (FIIs) bought shares worth Rs 898.79 crore and Domestic Institutional Investors (DIIs) sold Rs 1,032.81 crore worth of shares on April 1, as per provisional data available on the NSE.
10. FIIs and DIIs: Foreign Institutional Investors (FIIs) bought shares worth Rs 898.79 crore and Domestic Institutional Investors (DIIs) sold Rs 1,032.81 crore worth of shares on April 1, as per provisional data available on the NSE.
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