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10 things you need to know before the opening bell on June 4

Updated : June 04, 2021 08:07 AM IST

The Indian market may open on a cautious note on Friday ahead of the Reserve Bank of India’s monetary policy announcement at 10 am today. Meanwhile, at 7:50 am, the SGX Nifty was trading 32.50 points or 0.21 percent lower at 15,682, indicating a mildly subdued start for the broader index in India.

 1. Wall Street:  Stocks closed lower on Wall Street, led by more declines in big technology companies and putting the S&P 500 in the red for the week. The S&P 500 lost 0.4 percent, and the Nasdaq Composite suffered a 1 percent slide. The Dow Jones Industrial Average fared relatively better, slipping 0.1 percent.
1. Wall Street: Stocks closed lower on Wall Street, led by more declines in big technology companies and putting the S&P 500 in the red for the week. The S&P 500 lost 0.4 percent, and the Nasdaq Composite suffered a 1 percent slide. The Dow Jones Industrial Average fared relatively better, slipping 0.1 percent.
 2. Asian markets:  Asian stocks followed Wall Street lower on Friday as signs of a strengthening US recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus. Japan's Nikkei fell 0.8 percent early in the Asian session, and the MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent. Chinese blue chips slipped about 0.1 percent at the open.
2. Asian markets: Asian stocks followed Wall Street lower on Friday as signs of a strengthening US recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus. Japan's Nikkei fell 0.8 percent early in the Asian session, and the MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent. Chinese blue chips slipped about 0.1 percent at the open.
 3. D-Street:  Indian indices ended at record closing highs on Thursday boosted by banks and financials ahead of the RBI Monetary policy decision. The Sensex ended 383 points higher at new closing high of 52,232 and the Nifty rose 114 points to its fresh closing high of 15,690. During the day, Nifty50 hit its new intra-day record high of 15,705.
3. D-Street: Indian indices ended at record closing highs on Thursday boosted by banks and financials ahead of the RBI Monetary policy decision. The Sensex ended 383 points higher at new closing high of 52,232 and the Nifty rose 114 points to its fresh closing high of 15,690. During the day, Nifty50 hit its new intra-day record high of 15,705.
 4. Crude oil:  Oil prices dropped on Friday as concerns about the patchy roll-out of anti-coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths of the pandemic. Brent crude was down 0.4 percent at $71.02 a barrel by 0057 GMT. US oil also fell 0.4 percent to $68.52.
4. Crude oil: Oil prices dropped on Friday as concerns about the patchy roll-out of anti-coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths of the pandemic. Brent crude was down 0.4 percent at $71.02 a barrel by 0057 GMT. US oil also fell 0.4 percent to $68.52.
 5. Rupee:  The rupee snapped its three-day losing streak to end 18 paise higher at 72.91 against the US dollar on Thursday, buoyed by sustained foreign fund inflows into capital markets. At the interbank forex market, the local unit opened on a weak note at 73.17 against the greenback and witnessed an intra-day high of 72.90 and a low of 73.18.
5. Rupee: The rupee snapped its three-day losing streak to end 18 paise higher at 72.91 against the US dollar on Thursday, buoyed by sustained foreign fund inflows into capital markets. At the interbank forex market, the local unit opened on a weak note at 73.17 against the greenback and witnessed an intra-day high of 72.90 and a low of 73.18.
 6. Gold:  Gold on Thursday dipped Rs 339 to Rs 48,530 per 10 gram following decline in global precious metal prices. Silver also tumbled Rs 475 to Rs 70,772 per kilogram from Rs 71,247 per kilogram in the previous trade. In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
6. Gold: Gold on Thursday dipped Rs 339 to Rs 48,530 per 10 gram following decline in global precious metal prices. Silver also tumbled Rs 475 to Rs 70,772 per kilogram from Rs 71,247 per kilogram in the previous trade. In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
 7. Cryptocurrency:  Bitcoin slipped more than 3 percent on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May's crash. Bitcoin was last down about 3.6 percent at $37,809.
7. Cryptocurrency: Bitcoin slipped more than 3 percent on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May's crash. Bitcoin was last down about 3.6 percent at $37,809.
 8. RBI MPC:  The Monetary Policy Committee of the Reserve Bank of India is expected to leave rates unchanged for the sixth consecutive policy amid uncertainty about the economic fallout of the second COVID-19 wave.
8. RBI MPC: The Monetary Policy Committee of the Reserve Bank of India is expected to leave rates unchanged for the sixth consecutive policy amid uncertainty about the economic fallout of the second COVID-19 wave.
 9. SEBI:  Capital markets regulator SEBI on Thursday enhanced the overseas investment limit for a mutual fund house to $1 billion from the existing $600 million. The overall mutual fund industry limit is capped at $7 billion.
9. SEBI: Capital markets regulator SEBI on Thursday enhanced the overseas investment limit for a mutual fund house to $1 billion from the existing $600 million. The overall mutual fund industry limit is capped at $7 billion.
 10. Telecom:  The Department of Telecommunications (DoT) on Thursday issued operational guidelines for the Rs 12,195-crore PLI scheme for the telecom sector. The registration process for the scheme will begin on Friday and remain open for 30 days till July 3, DoT said in a statement.
10. Telecom: The Department of Telecommunications (DoT) on Thursday issued operational guidelines for the Rs 12,195-crore PLI scheme for the telecom sector. The registration process for the scheme will begin on Friday and remain open for 30 days till July 3, DoT said in a statement.
Published : June 04, 2021 08:07 AM IST
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