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June 6: Here's what you should know before the opening bell

June 6: Here's what you should know before the opening bell

June 6: Here's what you should know before the opening bell
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By CNBC-TV18 Jun 6, 2018 8:19:04 AM IST (Updated)

The Indian market on Tuesday fell for the third day in a row while the global markets have been trading largely higher.

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The Nifty failed to hold on to 10,600 levels. The Index, which comprises fifty stocks, closed with a fall of 35 points at 10,593 and the Sensex slipped 109 points to 34,903.
Here's what you should know before the opening bell
  • The Reserve Bank of India (RBI) will release its monetary policy on Wednesday and all indications are that a rate hike is coming. The experts expect the central bank to maintain status quo on repo rate but predict a rate hike in this calendar year.
  • Market regulator Sebi has relaxed requirements to comply with delisting norms for companies facing insolvency proceedings provided the resolution plan lays down the procedure for delisting that particular entity from the exchanges.
  • Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner IAG said on Tuesday.
  • Activity in India's service industry shrank in May for the first time in three months as new orders stagnated, but business optimism was the highest since 2015 on expectations that demand will turn around, a business survey showed.
  • The government will soon announce a bailout package of Rs 8,000 crore to sugar industry to ensure the cash-starved mills clear cane dues of Rs 22,000 crore, Food Minister Ram Vilas Paswan said on Tuesday. As per PTI sources, the Union Cabinet is scheduled to meet on Wednesday.
  • The prices of vegetables and dairy are feared to soar as farmers across the country have called a protest from June 1 to June 10. The protests are to waive off farmers’ debt, minimum income schemes and implementation of the Swaminathan Commission report.
  • Former finance minister P Chidambaram was quizzed for nearly seven hours on Tuesday by the Enforcement Directorate (ED).
  • North Korea's leadership has told the Indian government that Kim Jong Un-led  nation would focus on economic development after sufficiently developing its nuclear program, sources with knowledge of the matter said.
  • India hopes to touch renewable power capacity of 225 gigawatts (GW) by March 2022, the country's power minister said on Tuesday, likely breaching the 175 GW target set in 2015.
  • The finance ministry will soon meet the power department on the Allahabad Bank order which directed some relief for the debt-ridden power stocks.
  • 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!