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10 things you need to know before the opening bell on March 25

Updated : March 25, 2021 08:51 AM IST

The Indian market is likely to open lower on Thursday amid mixed global cues. The trend on SGX Nifty indicates a subdued opening for the broader index in India. The Nifty futures were trading 30.50 points or 0.21 percent lower at the 14,529.50 level on the Singaporean Exchange at 7:35 am.

  1. Wall Street:  Stocks gave up early gains and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5 percent Wednesday, its second loss in a row, and DJIA lost 0.1 percent. But the tech-heavy Nasdaq dropped 2 percent. Bond yields mostly fell after rising earlier this week and crude oil prices rose 6 percent.
 1. Wall Street: Stocks gave up early gains and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5 percent Wednesday, its second loss in a row, and DJIA lost 0.1 percent. But the tech-heavy Nasdaq dropped 2 percent. Bond yields mostly fell after rising earlier this week and crude oil prices rose 6 percent.
 2. Asian stocks:  Shares in Asia-Pacific edged higher in Thursday morning trade, though tech shares in the region took a hit following a sell-off in the sector overnight on Wall Street. In Japan, the Nikkei 225 rose 0.66 percent. South Korea’s Kospi advanced 0.24 percent. Shares in Australia nudged higher as the S&P/ASX 200 climbed 0.31 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.
2. Asian stocks: Shares in Asia-Pacific edged higher in Thursday morning trade, though tech shares in the region took a hit following a sell-off in the sector overnight on Wall Street. In Japan, the Nikkei 225 rose 0.66 percent. South Korea’s Kospi advanced 0.24 percent. Shares in Australia nudged higher as the S&P/ASX 200 climbed 0.31 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.
 3. D-Street:  Indian indices ended nearly 2 percent lower on Wednesday as selling intensified, dragged down by financial, auto and metal stocks amid weakness in global stocks. The Sensex ended 871 points lower at 49,180 while the Nifty fell 265 points to settle at 14,549.
3. D-Street: Indian indices ended nearly 2 percent lower on Wednesday as selling intensified, dragged down by financial, auto and metal stocks amid weakness in global stocks. The Sensex ended 871 points lower at 49,180 while the Nifty fell 265 points to settle at 14,549.
  4. Oil:  Oil prices jumped about 6 percent on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week. Brent crude settled at $64.41 a barrel, gaining 6 percent, after tumbling 5.9 percent the previous day. West Texas Intermediate (WTI) settled at $61.18 a barrel, rising 5.9 percent, having lost 6.2 percent on Tuesday.
 4. Oil: Oil prices jumped about 6 percent on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week. Brent crude settled at $64.41 a barrel, gaining 6 percent, after tumbling 5.9 percent the previous day. West Texas Intermediate (WTI) settled at $61.18 a barrel, rising 5.9 percent, having lost 6.2 percent on Tuesday.
  5. Gold:  Gold dipped by Rs 149 to Rs 44,350 per 10 gram in the national capital on Wednesday, reflecting overnight fall in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 44,499 per 10 gram. Silver also declined Rs 866 to Rs 64,607 per kg, from Rs 65,473 per kg in the previous trade.
 5. Gold: Gold dipped by Rs 149 to Rs 44,350 per 10 gram in the national capital on Wednesday, reflecting overnight fall in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 44,499 per 10 gram. Silver also declined Rs 866 to Rs 64,607 per kg, from Rs 65,473 per kg in the previous trade.
 6. Rupee:  The Indian rupee on Wednesday dropped by another 12 paise to close at 72.55 against the US dollar in line with other Asian peers amid growing concerns over rising coronavirus cases. At the interbank forex market, the domestic unit opened weak at 72.51 against the US dollar. During the session, it swung between a high of 72.51 and a low of 72.69. The rupee finally settled at 72.55, registering a fall of 12 paise over its previous close.
6. Rupee: The Indian rupee on Wednesday dropped by another 12 paise to close at 72.55 against the US dollar in line with other Asian peers amid growing concerns over rising coronavirus cases. At the interbank forex market, the domestic unit opened weak at 72.51 against the US dollar. During the session, it swung between a high of 72.51 and a low of 72.69. The rupee finally settled at 72.55, registering a fall of 12 paise over its previous close.
 7. COVID-19:  India has found a new
7. COVID-19: India has found a new "double mutant variant" of the coronavirus in certain pockets, particularly in Maharashtra and Delhi. Authorities said this "double mutant" strain was found in 206 positive samples tested in Maharashtra and 9 samples tested in Delhi. This new mutant variant aside, India has also found 771 cases of the UK, South African and Brazilian strain while testing over 10,700 positive samples from 18 states.
 8. WhatsApp:  The Competition Commission of India (CCI) on Wednesday has ordered a detailed probe into Facebook-owned WhatsApp's updated privacy policy and terms of service.
8. WhatsApp: The Competition Commission of India (CCI) on Wednesday has ordered a detailed probe into Facebook-owned WhatsApp's updated privacy policy and terms of service.
 9. Vaccine:  With COVID-19 cases on the rise again and reports of a new double mutant variant found, the government is likely to slow down its vaccine exports for the next two months, according to people in the know. Government sources say that the reasoning behind the move is that India needs to focus on its own inoculation program and meet domestic requirements at present.
9. Vaccine: With COVID-19 cases on the rise again and reports of a new double mutant variant found, the government is likely to slow down its vaccine exports for the next two months, according to people in the know. Government sources say that the reasoning behind the move is that India needs to focus on its own inoculation program and meet domestic requirements at present.
 10. GDP growth estimate:  Fitch Ratings has revised India's GDP growth estimate to 12.8 percent for the fiscal year beginning April 1 from its previous estimate of 11 percent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. In its latest Global Economic Outlook (GEO), Fitch said the revision is on the back of
10. GDP growth estimate: Fitch Ratings has revised India's GDP growth estimate to 12.8 percent for the fiscal year beginning April 1 from its previous estimate of 11 percent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. In its latest Global Economic Outlook (GEO), Fitch said the revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."
Published : March 25, 2021 07:51 AM IST
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