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10 things you need to know before the opening bell on June 9

Updated : June 09, 2021 07:57 AM IST

The Indian market is likely to open on a flat note on Wednesday following a mixed trend in Asian peers. At 7:35 am, the SGX Nifty was trading 4.20 points or 0.03 percent higher at 15,768, indicating a flat start for the broader index in India.

 1. Wall Street:  Major indexes closed mostly higher on Wall Street, thanks largely to gains in a handful of Big Tech companies. S&P 500 was nearly unchanged and rose less than 0.1 percent. The Dow Jones Industrial Average fell 0.1 percent, and the Nasdaq rose 0.3 percent.
1. Wall Street: Major indexes closed mostly higher on Wall Street, thanks largely to gains in a handful of Big Tech companies. S&P 500 was nearly unchanged and rose less than 0.1 percent. The Dow Jones Industrial Average fell 0.1 percent, and the Nasdaq rose 0.3 percent.
 2. Asian stocks:  Shares in Asia-Pacific were mixed in Wednesday morning trade, ahead of Chinese inflation data expected later in the day. In Japan, the Nikkei 225 shed 0.47 percent. South Korea’s Kospi also declined 0.23 percent. Meanwhile, shares in Australia advanced, with the S&P/ASX 200 0.11 percent higher. MSCI’s broadest index of Asia-Pacific shares outside of Japan traded 0.05 percent lower.
2. Asian stocks: Shares in Asia-Pacific were mixed in Wednesday morning trade, ahead of Chinese inflation data expected later in the day. In Japan, the Nikkei 225 shed 0.47 percent. South Korea’s Kospi also declined 0.23 percent. Meanwhile, shares in Australia advanced, with the S&P/ASX 200 0.11 percent higher. MSCI’s broadest index of Asia-Pacific shares outside of Japan traded 0.05 percent lower.
 3. D-Street:  Indian indices ended marginally lower on Tuesday dragged mainly by banking, financials and metal stocks. The Sensex ended 53 points lower at 52,275 while the Nifty fell 11 points to settle at 15,740. Broader markets, however, outperformed benchmarks with the midcap and smallcap indices up over half a percent each.
3. D-Street: Indian indices ended marginally lower on Tuesday dragged mainly by banking, financials and metal stocks. The Sensex ended 53 points lower at 52,275 while the Nifty fell 11 points to settle at 15,740. Broader markets, however, outperformed benchmarks with the midcap and smallcap indices up over half a percent each.
 4. Oil:  Oil prices rose on Tuesday, settling at the highest in more than two years after the top US diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of US sanctions on Tehran would remain in place. That could mean additional Iranian oil supply would not be re-introduced into the market soon. Brent crude rose 1 percent to close at $72.22 a barrel, the highest it has settled since May 2019. US WTI oil rose 1.2 percent to settle at $70.05 a barrel, highest since October 2018.
4. Oil: Oil prices rose on Tuesday, settling at the highest in more than two years after the top US diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of US sanctions on Tehran would remain in place. That could mean additional Iranian oil supply would not be re-introduced into the market soon. Brent crude rose 1 percent to close at $72.22 a barrel, the highest it has settled since May 2019. US WTI oil rose 1.2 percent to settle at $70.05 a barrel, highest since October 2018.
 5. Gold:  Gold dropped on Tuesday as a firmer dollar countered a slip in US Treasury yields as investors looked ahead to US inflation data that could influence the Federal Reserve's timeline to taper monetary support. Spot gold was down 0.4 percent to $1,892.33 per ounce by 1742 GMT and the US gold futures settled down 0.2 percent at $1,894.40.
5. Gold: Gold dropped on Tuesday as a firmer dollar countered a slip in US Treasury yields as investors looked ahead to US inflation data that could influence the Federal Reserve's timeline to taper monetary support. Spot gold was down 0.4 percent to $1,892.33 per ounce by 1742 GMT and the US gold futures settled down 0.2 percent at $1,894.40.
 6. Rupee:  The rupee depreciated by 9 paise to close at 72.89 against the US currency on Tuesday, tracking a strong dollar overseas and subdued sentiment in the domestic equities. At the interbank forex market, the local unit opened slightly up at 72.78 against the greenback and witnessed an intra-day high of 72.76 and a low of 72.90.
6. Rupee: The rupee depreciated by 9 paise to close at 72.89 against the US currency on Tuesday, tracking a strong dollar overseas and subdued sentiment in the domestic equities. At the interbank forex market, the local unit opened slightly up at 72.78 against the greenback and witnessed an intra-day high of 72.76 and a low of 72.90.
 7. Bitcoin:  Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers. Bitcoin was last trading at $32,055.20, down 4.5 percent on the day.
7. Bitcoin: Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers. Bitcoin was last trading at $32,055.20, down 4.5 percent on the day.
 7. GDP estimation:  The latest World Bank report on global economic recovery post the COVID-19 pandemic has predicted India’s GDP growth at 8.3 percent for the financial year 2021-22. The growth projection has been slashed from 10.1 percent predicted in April due to the second wave of the COVID-19 in the country.  Read more
7. GDP estimation: The latest World Bank report on global economic recovery post the COVID-19 pandemic has predicted India’s GDP growth at 8.3 percent for the financial year 2021-22. The growth projection has been slashed from 10.1 percent predicted in April due to the second wave of the COVID-19 in the country. Read more
 9. Paytm IPO:  Digital payment app Paytm has invited shareholders to tender their equity shares for sale in the initial public listing proposed to be held later this year.  Read more
9. Paytm IPO: Digital payment app Paytm has invited shareholders to tender their equity shares for sale in the initial public listing proposed to be held later this year. Read more
 10. Privatisation:  Two state-owned banks being picked up for privatisation by the government are likely to come out with an attractive voluntary retirement scheme (VRS) to get rid of the extra flab, sources said. Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.  Read more
10. Privatisation: Two state-owned banks being picked up for privatisation by the government are likely to come out with an attractive voluntary retirement scheme (VRS) to get rid of the extra flab, sources said. Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company. Read more
Published : June 09, 2021 07:57 AM IST
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