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10 things you need to know before the opening bell on September 5

Updated : 2019-09-05 08:20:09

Indian shares are likely to extend Wednesday’s gains, tracking higher Asian stocks, amid apparent progress in the political crises in Britain and Hong Kong. At 7.26 AM, the SGX Nifty Futures traded 0.29 percent higher at 10,889, indicating a positive start for the Indian market.

Asia: Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.24 percent. US stock futures fell 0.03 percent in early Asian trade, but a 1.09 percent increase in Japan's Nikkei and 0.33 percent increase in Australian shares highlighted the improvement in market sentiment. (Image: AP/Caption Credits: Reuters)
Asia: Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.24 percent. US stock futures fell 0.03 percent in early Asian trade, but a 1.09 percent increase in Japan's Nikkei and 0.33 percent increase in Australian shares highlighted the improvement in market sentiment. (Image: AP/Caption Credits: Reuters)
Oil: Oil prices fell on Thursday, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or 0.3 percent, at $60.52 a barrel by 0040 GMT. On Wednesday, Brent rose 4.2 percent. West Texas Intermediate (WTI) was down 23 cents, or 0.4 percent, at $56.03 a barrel, having risen 4.3 percent the previous session, the biggest percentage gain in nearly two months. (Caption Credits: Reuters)
Oil: Oil prices fell on Thursday, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or 0.3 percent, at $60.52 a barrel by 0040 GMT. On Wednesday, Brent rose 4.2 percent. West Texas Intermediate (WTI) was down 23 cents, or 0.4 percent, at $56.03 a barrel, having risen 4.3 percent the previous session, the biggest percentage gain in nearly two months. (Caption Credits: Reuters)
Market Closing: Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with sentiment lifted by easing political tensions in Hong Kong and Europe. The 30-share benchmark Sensex settled 162 points up, or 0.44 percent, at 36,724.74. The broader 50-share NSE index ended with gains at 11,844, up 47 points, or 0.43 percent. Top lenders HDFC Bank Ltd and State Bank of India climbed 1.7 percent and 2.5 percent, respectively. Tata Steel Ltd and JSW Steel Ltd both advanced over 2 percent.
Market Closing: Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with sentiment lifted by easing political tensions in Hong Kong and Europe. The 30-share benchmark Sensex settled 162 points up, or 0.44 percent, at 36,724.74. The broader 50-share NSE index ended with gains at 11,844, up 47 points, or 0.43 percent. Top lenders HDFC Bank Ltd and State Bank of India climbed 1.7 percent and 2.5 percent, respectively. Tata Steel Ltd and JSW Steel Ltd both advanced over 2 percent.
Rupee: The Indian rupee rebounded on Wednesday, a day after it suffered heavy losses. The currency closed at 27 paise higher at 71.12 per dollar after the US currency eased on selling by banks and exporters.
Rupee: The Indian rupee rebounded on Wednesday, a day after it suffered heavy losses. The currency closed at 27 paise higher at 71.12 per dollar after the US currency eased on selling by banks and exporters.
The RBI has made it mandatory for banks to link retail loans like housing and automobile loans to an external benchmark. The regulation will take effect on October 1, 2019. According to an RBI circular, the banks are free to choose one of the several indicated benchmarks. (Image: Reuters)
The RBI has made it mandatory for banks to link retail loans like housing and automobile loans to an external benchmark. The regulation will take effect on October 1, 2019. According to an RBI circular, the banks are free to choose one of the several indicated benchmarks. (Image: Reuters)
Jet Airways: Jet Airways' creditors may recover less than 10 percent of the airline’s total outstanding dues in a liquidation scenario if no suitor manages to buy the carrier, two sources told Reuters. (Image: AP)
Jet Airways: Jet Airways' creditors may recover less than 10 percent of the airline’s total outstanding dues in a liquidation scenario if no suitor manages to buy the carrier, two sources told Reuters. (Image: AP)
FM meets infrastructure stakeholders: Finance Minister Nirmala Sitharaman has held talks with various stakeholders from the infrastructure sector to address their concerns, sources told CNBC-TV18. The next set of stimulus measures, to be announced by the minister, could focus on addressing the problems of home-buyers. (Image: IANS)
FM meets infrastructure stakeholders: Finance Minister Nirmala Sitharaman has held talks with various stakeholders from the infrastructure sector to address their concerns, sources told CNBC-TV18. The next set of stimulus measures, to be announced by the minister, could focus on addressing the problems of home-buyers. (Image: IANS)
Withdrawal of Hong Kong extradition bill: Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill which led to months of unrest and the city's worst crisis in decades, Reuters reported. (Image: AP)
Withdrawal of Hong Kong extradition bill: Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill which led to months of unrest and the city's worst crisis in decades, Reuters reported. (Image: AP)
ICICI Bank has cut its lending rates by 0.10 percent across all maturities, sources said on Wednesday, PTI reported. It added that the rates have been cut across all tenors under the marginal cost of funds- based lending rate (MCLR) system. (Image: Reuters)
ICICI Bank has cut its lending rates by 0.10 percent across all maturities, sources said on Wednesday, PTI reported. It added that the rates have been cut across all tenors under the marginal cost of funds- based lending rate (MCLR) system. (Image: Reuters)
ACMA on Auto Slowdown: According to Automotive Component Manufacturers Association of India (ACMA) President Ram Venkataramani, the sector is going through a rough phase.
ACMA on Auto Slowdown: According to Automotive Component Manufacturers Association of India (ACMA) President Ram Venkataramani, the sector is going through a rough phase. "“It is pretty similar to what we have been hearing over the last few months and I would say July and August has been probably worse than what it was in the past," he said. (Image: Reuters)
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