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    June 21: Here's what you should know before the opening bell

    June 21: Here's what you should know before the opening bell

    June 21: Here's what you should know before the opening bell
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    By CNBC-TV18  IST (Published)


    Here's what you should know before the opening bell.

    The Indian market closed in the green on Wednesday as trade tensions between US and China faded.
    The Nifty held 10,700 to close with a gain of 62 points at 10,772 and the Sensex 261 points higher at 35,547.
    Here's what you should know before the opening bell
    • The Reserve Bank of India monetary policy committee struck a balanced note on its rate stance going forward and cited rising inflation pressure due to high oil prices as the key reason for raising interest rates in the June meeting, according to minutes of the meeting released by the RBI on Wednesday.
    • Gold prices edged up on Thursday, but hovered close to a six-month low touched in the previous session as a firm US dollar curbed gains.
    • Oil prices dipped on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22. However, prices were prevented from falling further by record refinery runs in the United States and a large decline in US crude inventories, a sign of strong fuel demand in the world's biggest economy.
    • The US has imposed import duty on large diameter welded pipes from India and China.
    • India’s Chief Economic Adviser Arvind Subramanian said on Wednesday he was quitting his post to return to academic research in the United States, the third high-profile hire to leave Prime Minister Narendra Modi’s economic administration.
    • The rupee ended at 68.09 against the US dollar on Wednesday.
    • The dollar hovered near an 11-month high against a basket of currencies on Thursday, supported by a rise in US yields, while the pound struggled at its lowest level since November 2017 ahead of Bank of England’s monetary policy decision.
    • B Sriram, managing director of State Bank of India, has been given additional charge of heading IDBI Bank for three months.
    • The Sebi Board will meet on Wednesday and is likely to discuss the IPO and ICDR norms.
    • Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets.
    • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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