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June 8: Here's what you should know before the opening bell

June 8: Here's what you should know before the opening bell

June 8: Here's what you should know before the opening bell
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By CNBC-TV18 Jun 8, 2018 8:15 AM IST (Updated)

The Indian market on Thursday closed firmly in the green. The benchmark Nifty index closed 0.8% higher at 10,768 points after breaching 10,800 intra-day for the first time in 17 sessions, while the 30-stock Sensex gained 284 points to 35,463.

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The broader markets also saw gains on the line of benchmarks, with the Nifty Bank index gaining 150 points to 26,518 and the Nifty Midcap index surging 281 points to 18,734.
Here's what you should know before the opening bell
  • The US dollar ended cheaper against the rupee at Rs 67.12 per dollar, but the pound sterling finished higher at Rs 90.09 at the close of the Interbank Foreign Exchange (forex) market.
  • The Oracle of Omaha, Warren Buffett, has joined forces with JP Morgan Chase chief executive Jamie Dimon to convince CEOs to end the practice of quarterly profit forecasts, CNBC reported.
  • Rice export prices in India fell this week to their lowest this year on sluggish demand before top buyer Bangladesh slaps import duty on exports of the grain after domestic production recovered.
  • The ministry of road transport could soon notify charging technologies for electric vehicles, sources said. The two technologies that are likely to be notified are CHAdeMO & CCS.
  • State-run carrier Air India is seeking a short-term loan of Rs 1,000 crore so it can continue day-to-day operations, according to an announcement on its website on Thursday.
  • The fuel prices have been cut for the tenth day in a row, petrol price in Mumbai were cut by 24 paise to Rs 85.24 per litre. The petrol price has been cut by Rs 1.03 in the last ten days. The diesel price in Mumbai were cut by 15 paise to Rs 73.02 per litre. The diesel price has been cut by 77 paise since May 29.
  • Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
  • Injeti Srinivas, secretary at the Ministry of Corporate Affairs, said, the position as of now is that homebuyers are neither financial creditors nor operational creditors, but there was a provision made that they can file their claims.
  • Global ratings agency Moody's said the government's recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be insufficient to support credit growth. In October 2017, the government had announced a bank recapitalisation plan of Rs 2.11 lakh crore over FY 18 and FY19. The government has budgeted a capital infusion of Rs 65,000 crore for the current fiscal.
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