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10 things you need to know before the opening bell

10 things you need to know before the opening bell

10 things you need to know before the opening bell
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By CNBC-TV18 Jul 30, 2018 8:30:44 AM IST (Updated)

The market is likely to erase its gains on Monday as global cues trade cautiously.

The market is likely to erase its gains on Monday as global cues traded cautiously. Major companies such as Tech Mahindra, Interglobe Aviation, HDFC, Axis Bank, IDFC Bank, NHPC and Avenue Supermarts will declare their quarterly results.

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Here are the 10 things you need to know before the opening bell today:
  • Asia: Asian share markets drifted lower on Monday while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.
  • Wall Street:  The week ahead features quarterly earnings from more than 140 S&P 500 companies, including Apple Inc. Disappointing results from Intel Corp and Twitter Inc soured the mood on the Nasdaq on Friday, though the S&P 500 and Dow still ended firmer for the week.
  • Oil: Oil prices were mixed on Monday with WTI rising on the back of strong US economic growth figures, while Brent began the week trading lower after posting its first weekly gain in four.
  • Sebi: The markets regulator barred more than 30 entities from the securities market over the weekend for at least ten years for alleged fraudulent transactions in the shares of SMS Techsoft.
  • Market at close last week: The Indian market closed the previous week at record highs with the majority of the headline surging on the first trading day of the August series. The Nifty index advanced 111 points to 11,278 after hitting intra-day record high 11,283. The BSE-frontline index, Sensex climbed 352 points to 37,337 after seeing fresh life-time high of 37,369.
  • FII and DII data: Foreign institutional investors (FIIs) bought shares worth Rs 738.05 crore and domestic institutional investors Rs 406.12 crore in the Indian equity market on Friday, as per provisional data available on the NSE.
  • Rupee: The rupee gained just one paisa to end at a fresh one-week high of 68.65. The rupee swung between a high of 68.53 and a low of 68.76 in day trade.
  • US economy: The government said on Friday that the US economy surged in the April-June quarter to an annual growth rate of 4.1 percent. That's the fastest pace since 2014.
  • US-Iran sanctions impact:  Iran's currency is continuing its downward spiral as increased American sanctions loom, hitting a new low on the thriving black market exchange.
  • BSE: Leading exchange BSE said it would launch weekly dollar-rupee futures and options contracts on July 30, a move that would help increase liquidity in the market.
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