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May 10: Here's what you should know before the opening bell

May 10: Here's what you should know before the opening bell

May 10: Here's what you should know before the opening bell
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By CNBC-TV18 May 10, 2018 7:52:01 AM IST (Published)

The Sensex on Wednesday recovered 185 points from lows to close 103 points higher at 35,319, while the Nifty closed with a gain of 24 points at 10,742.

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Here's what you should know before the opening bell
  • The government is considering allowing 100% foreign direct investment (FDI) in insurance intermediaries with a view to give a boost to the sector and attracting more funds, sources said.
  • India is supporting its rice and wheat farmers with payments that are far higher than the amounts allowed by the World Trade Organisation, the United States said in a statement published by the WTO on Wednesday.
  • Iraqi Oil Minister Jabar al-Luaibi said on Wednesday that OPEC will discuss a possible shortfall in global crude oil supplies following US President Donald Trump's decision to withdraw from the Iran nuclear deal.
  • Crude prices are trading at the high point in early trade. The Brent crude notches to $77.50 per barrel.
  • Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77% stake in Indian e-commerce firm Flipkart, and shares of the US retailer tumbled 4% on news of its largest-ever deal, an effort to compete with rival Amazon.com Inc in an important growth market.
  • The US market ended higher on Wednesday as the benchmark index, Dow Jones, jumped over 180 points as energy and technology stocks boost major indices. The energy stocks pulled up the US market after US President Donald Trump pulled out from the Iran deal.
  • The Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after US President Donald Trump's decision to pull out of a nuclear deal with Iran.
  • The SGX Nifty trades at levels around 10,760 versus the Nifty May Future's Wednesday close of 10,769, may cause the Indian market to open slightly lower today.
  • Indian refiners said on Wednesday they were in no hurry to replace Iranian oil with alternatives, counting on the fact that many Western countries have so far declined to join the United States in pulling out of a nuclear deal with Tehran.
  • 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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