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10 things you need to know before the opening bell on March 24

Updated : March 24, 2021 07:50 AM IST

The Indian market is likely to open on a subdued note on Wednesday amid weakness in global markets. At 7:15 am, the SGX Nifty was trading 35.00 points or 0.24 percent lower at 14,790.00, indicating a mildly negative start for the Sensex and Nifty50.

 1. Wall Street:  Major indexes closed lower on Wall Street, giving up nearly all of their gains from a day earlier. The S&P 500 fell 0.8 percent, to 3,910.52 and DJIA lost 0.9 percent, to 32,423.15. The Nasdaq fell 1.1 percent, to 13,227.70.
1. Wall Street: Major indexes closed lower on Wall Street, giving up nearly all of their gains from a day earlier. The S&P 500 fell 0.8 percent, to 3,910.52 and DJIA lost 0.9 percent, to 32,423.15. The Nasdaq fell 1.1 percent, to 13,227.70.
 2. Asian stocks:  Shares in Asia-Pacific were largely lower in Wednesday trade as concerns over the world’s recovery from the pandemic weighed on investor sentiment. The Nikkei 225 in Japan slipped 1.1 percent in morning trade while Mainland Chinese stocks also edged lower, with the Shanghai composite down 0.5 percent. Shares in Australia bucked the overall trend regionally as the S&P/ASX 200 gained 0.55 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.43 percent lower.
2. Asian stocks: Shares in Asia-Pacific were largely lower in Wednesday trade as concerns over the world’s recovery from the pandemic weighed on investor sentiment. The Nikkei 225 in Japan slipped 1.1 percent in morning trade while Mainland Chinese stocks also edged lower, with the Shanghai composite down 0.5 percent. Shares in Australia bucked the overall trend regionally as the S&P/ASX 200 gained 0.55 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.43 percent lower.
 3. Dalal Street:  Indian equity benchmark indices, Sensex and Nifty, extended gains boosted by bank stocks, on Tuesday. The Sensex ended 280 points higher at 50,051, and the Nifty closed higher at 14,814, up 78 points after an uptick in the last hour.
3. Dalal Street: Indian equity benchmark indices, Sensex and Nifty, extended gains boosted by bank stocks, on Tuesday. The Sensex ended 280 points higher at 50,051, and the Nifty closed higher at 14,814, up 78 points after an uptick in the last hour.
 4. Oil:  Oil prices plunged about 6 percent on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness. Brent crude futures settled down 5.9 percent, at $60.79 a barrel, after hitting a session low of $60.50. West Texas Intermediate crude (WTI) ended 6.2 percent, lower at $57.76 a barrel, after touching a low of $57.32.
4. Oil: Oil prices plunged about 6 percent on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness. Brent crude futures settled down 5.9 percent, at $60.79 a barrel, after hitting a session low of $60.50. West Texas Intermediate crude (WTI) ended 6.2 percent, lower at $57.76 a barrel, after touching a low of $57.32.
 5. Rupee:  The Indian rupee registered its first loss in five sessions on Tuesday, ending lower by 6 paise at 72.43 against the US dollar, tracking weaker Asian peers against the American currency. However, easing crude oil prices and positive equities lent some support to the local unit and restricted the fall. At the interbank forex market, the rupee opened flat at 72.37 a dollar. During the session, it witnessed an intra-day high of 72.27 and a low of 72.45. It finally settled 6 paise lower at 72.43 against the American currency.
5. Rupee: The Indian rupee registered its first loss in five sessions on Tuesday, ending lower by 6 paise at 72.43 against the US dollar, tracking weaker Asian peers against the American currency. However, easing crude oil prices and positive equities lent some support to the local unit and restricted the fall. At the interbank forex market, the rupee opened flat at 72.37 a dollar. During the session, it witnessed an intra-day high of 72.27 and a low of 72.45. It finally settled 6 paise lower at 72.43 against the American currency.
 6. Gold:  Gold prices gained Rs 116 to Rs 44,374 per 10 grams in the national capital on Tuesday reflecting overnight gains in global precious metal prices, according to HDFC Securities. Silver, however, declined by Rs 117 to Rs 65,299 per kg compared with Rs 65,416 per kg in the previous trade.
6. Gold: Gold prices gained Rs 116 to Rs 44,374 per 10 grams in the national capital on Tuesday reflecting overnight gains in global precious metal prices, according to HDFC Securities. Silver, however, declined by Rs 117 to Rs 65,299 per kg compared with Rs 65,416 per kg in the previous trade.
 7. Loan moratorium case:  The Supreme Court Tuesday directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period, which was announced last year amid the COVID19 pandemic, and the amount already charged shall be refunded, credited, or adjusted. The apex court refused to interfere with the Centre's and Reserve Bank of India's (RBI's) decision to not extend the loan moratorium beyond August 31 last year, saying it is a policy decision.
7. Loan moratorium case: The Supreme Court Tuesday directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period, which was announced last year amid the COVID19 pandemic, and the amount already charged shall be refunded, credited, or adjusted. The apex court refused to interfere with the Centre's and Reserve Bank of India's (RBI's) decision to not extend the loan moratorium beyond August 31 last year, saying it is a policy decision.
 8. Fed Chair Powell & Treasury Secy Yellen:  The duo’s hearing was a non-event for markets and primarily emphasized familiar sentiment on maintaining accommodation for the economy.
8. Fed Chair Powell & Treasury Secy Yellen: The duo’s hearing was a non-event for markets and primarily emphasized familiar sentiment on maintaining accommodation for the economy.
 9. COVID-19:  The coronavirus-induced suspension of scheduled international passenger flights has been extended till April 30, Indian aviation regulator Directorate General of Civil Aviation (DGCA) said on Tuesday.
9. COVID-19: The coronavirus-induced suspension of scheduled international passenger flights has been extended till April 30, Indian aviation regulator Directorate General of Civil Aviation (DGCA) said on Tuesday.
 10. SEBI on AT-1 Bonds:  Market regulator Securities and Exchange Board of India (SEBI) has amended its rule on AT-1 bonds, in-line with what CNBC-TV18 had first reported on March 19. The regulator has provided a glide path for the implementation of the new rules.
10. SEBI on AT-1 Bonds: Market regulator Securities and Exchange Board of India (SEBI) has amended its rule on AT-1 bonds, in-line with what CNBC-TV18 had first reported on March 19. The regulator has provided a glide path for the implementation of the new rules.
Published : March 24, 2021 07:50 AM IST
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