Motilal Oswal
  • SENSEX
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Motilal Oswal
Market

10 things you need to know before the opening bell

Updated : April 05, 2019 07:51 AM IST

Indian shares are likely to open with marginal gains on Friday amid flat trades in Asian markets as investors await US jobs this due today and remained hopeful on the developments of US and China resolving the ongoing trade war. On Thursday, the stock market settled lower after the Reserve Bank of India cut key repo rate by 25 basis points. At 07:19 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 11,705.00, indicating a positive start for the Sensex and Nifty:

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was little changed and near its highest since the end of August. It was still up 1.9 percent for the week and 13 percent for the year so far. Japan's Nikkei added 0.1 percent, to be 2.6 percent firmer for the week. E-Mini futures for the S&P 500 edged up 0.04 percent. (Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was little changed and near its highest since the end of August. It was still up 1.9 percent for the week and 13 percent for the year so far. Japan's Nikkei added 0.1 percent, to be 2.6 percent firmer for the week. E-Mini futures for the S&P 500 edged up 0.04 percent. (Reuters)
2. Oil: Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, as traders fretted about progress in US-China talks to end a trade war. International benchmark Brent futures dropped 23 cents, or 0.3 percent, to $69.17 a barrel by 0040. US West Texas Intermediate (WTI) crude was down 2 cents at $62.08. (Reuters)
2. Oil: Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, as traders fretted about progress in US-China talks to end a trade war. International benchmark Brent futures dropped 23 cents, or 0.3 percent, to $69.17 a barrel by 0040. US West Texas Intermediate (WTI) crude was down 2 cents at $62.08. (Reuters)
3. US and China: Xinhua reported Chinese President Xi Jinping had said progress was being made and called for an early conclusion of negotiations. US President Donald Trump said on Thursday a deal could be announced in about four weeks, but warned it would be difficult to let China trade with the United States if remaining issues were not resolved. (Reuters)
3. US and China: Xinhua reported Chinese President Xi Jinping had said progress was being made and called for an early conclusion of negotiations. US President Donald Trump said on Thursday a deal could be announced in about four weeks, but warned it would be difficult to let China trade with the United States if remaining issues were not resolved. (Reuters)
4. GDP forecast: The Reserve Bank of India on Thursday lowered its economic growth forecast to 7.2 percent for the FY20, from the February view of 7.4 percent amid probability of El Nino effects on monsoon rains and uncertain global economic outlook.
4. GDP forecast: The Reserve Bank of India on Thursday lowered its economic growth forecast to 7.2 percent for the FY20, from the February view of 7.4 percent amid probability of El Nino effects on monsoon rains and uncertain global economic outlook.
5. Rupee: The rupee closed at 69.16 against the US dollar on Thursday. (stock image)
5. Rupee: The rupee closed at 69.16 against the US dollar on Thursday. (stock image)
6. RBI MPC: The Reserve Bank of India (RBI) cut the repo rate and the reverse repo rate by 25 basis points for the second consecutive time yesterday, with retail inflation continuing to remain low and domestic economy showing muted growth prospects. (Image: Reuters)
6. RBI MPC: The Reserve Bank of India (RBI) cut the repo rate and the reverse repo rate by 25 basis points for the second consecutive time yesterday, with retail inflation continuing to remain low and domestic economy showing muted growth prospects. (Image: Reuters)
7. Market close on Thursday: The Indian market ended lower on Thursday with Nifty breaching 11,600 levels after the Reserve Bank of India cut repo rate by 25 basis points to 6 percent, in a widely expected move. The central bank kept its monetary policy stance 'neutral' despite subdued inflation. (Image: Reuters)
7. Market close on Thursday: The Indian market ended lower on Thursday with Nifty breaching 11,600 levels after the Reserve Bank of India cut repo rate by 25 basis points to 6 percent, in a widely expected move. The central bank kept its monetary policy stance 'neutral' despite subdued inflation. (Image: Reuters)
8. Fiscal deficit: In the last fiscal, the government was staring at a tax revenue shortfall of Rs 1.15 lakh crore. However, CNBC-TV18 learns that a higher nominal GDP and some other factors have helped the government meet the fiscal deficit target of 3.4 percent. (Image: Reuters)
8. Fiscal deficit: In the last fiscal, the government was staring at a tax revenue shortfall of Rs 1.15 lakh crore. However, CNBC-TV18 learns that a higher nominal GDP and some other factors have helped the government meet the fiscal deficit target of 3.4 percent. (Image: Reuters)
9. India Economy: Fitch Ratings on Thursday kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ with a stable outlook. This is the 13th year in a row that Fitch has rated India at 'BBB-'. Fitch had last upgraded the rating from 'BB+' to 'BBB-' with a stable outlook on August 1, 2006. (Image: Reuters)
9. India Economy: Fitch Ratings on Thursday kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ with a stable outlook. This is the 13th year in a row that Fitch has rated India at 'BBB-'. Fitch had last upgraded the rating from 'BB+' to 'BBB-' with a stable outlook on August 1, 2006. (Image: Reuters)
10. Brexit: The United Kingdom has lost 6.6 billion pounds ($8.7 billion) in economic activity every quarter since it voted to leave the European Union, according to S&P Global Ratings, the latest company to estimate the damage from Brexit. (Reuters)
10. Brexit: The United Kingdom has lost 6.6 billion pounds ($8.7 billion) in economic activity every quarter since it voted to leave the European Union, according to S&P Global Ratings, the latest company to estimate the damage from Brexit. (Reuters)
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