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10 things you need to know before opening bell on February 19

Updated : February 19, 2021 08:00 AM IST

The Indian market is likely to open lower Friday amid weak global cues. At 7:00 am, the SGX Nifty was trading 18.00 points or 0.12 percent lower at 15,097.00, indicating a negative start for the Sensex and Nifty50.

 1. Wall Street:  Stocks closed lower on Wall Street Thursday as more discouraging data on jobless claims and higher bond yields gave investors little reason to keep pushing the market higher. The S&P 500 fell 17.36 points, or 0.4percent, to 3,913.97. The Dow Jones Industrial Average fell 119.68 points, or 0.4percent, to 31,493.34. The Nasdaq fell 100.14 points, or 0.7percent, to 13,865.36.
1. Wall Street: Stocks closed lower on Wall Street Thursday as more discouraging data on jobless claims and higher bond yields gave investors little reason to keep pushing the market higher. The S&P 500 fell 17.36 points, or 0.4percent, to 3,913.97. The Dow Jones Industrial Average fell 119.68 points, or 0.4percent, to 31,493.34. The Nasdaq fell 100.14 points, or 0.7percent, to 13,865.36.
 2. Asian Stocks:  Stocks in Asia-Pacific were mixed in Friday morning trade following overnight declines for the major indexes on Wall Street. In Japan, the NIkkei 225 declined 0.48percent while the Topix index shed 0.36percent. South Korea’s Kospi gained about 0.20percent. Stocks in Australia slipped as the S&P/ASX 200 declined about 0.65percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.06percent higher.
2. Asian Stocks: Stocks in Asia-Pacific were mixed in Friday morning trade following overnight declines for the major indexes on Wall Street. In Japan, the NIkkei 225 declined 0.48percent while the Topix index shed 0.36percent. South Korea’s Kospi gained about 0.20percent. Stocks in Australia slipped as the S&P/ASX 200 declined about 0.65percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.06percent higher.
 3. D-Street:  Indian indices ended over half a percent lower on Thursday, extending losses for the third straight session dragged mainly by banking, financial and auto stocks. The sentiment was also weighed as Asian peers also declined during the day. The Sensex ended 379 points lower at 51,324 while the Nifty fell 90 points to settle at 15,119. Broader markets, however, outperformed benchmarks ending the day in the green.
3. D-Street: Indian indices ended over half a percent lower on Thursday, extending losses for the third straight session dragged mainly by banking, financial and auto stocks. The sentiment was also weighed as Asian peers also declined during the day. The Sensex ended 379 points lower at 51,324 while the Nifty fell 90 points to settle at 15,119. Broader markets, however, outperformed benchmarks ending the day in the green.
 4. Oil:  A gauge of global equity markets slipped for a third straight session on Thursday as hints of rising inflation led by higher oil prices and the strongest copper prices in nearly a decade kept traders in check after stocks hit a record high earlier this week. Oil prices erased early gains. The MSCI's global stock index was down 0.79percent at 677.28. The index touched a record intra-day high of 687.26 on Tuesday, before erasing gains to snap an 11-day winning streak.
4. Oil: A gauge of global equity markets slipped for a third straight session on Thursday as hints of rising inflation led by higher oil prices and the strongest copper prices in nearly a decade kept traders in check after stocks hit a record high earlier this week. Oil prices erased early gains. The MSCI's global stock index was down 0.79percent at 677.28. The index touched a record intra-day high of 687.26 on Tuesday, before erasing gains to snap an 11-day winning streak.
 5. Rupee:  The rupee pared its initial losses to settle higher by 9 paise at 72.65 against the US dollar on Thursday following consistent forex inflows and losses in the American currency in the global markets. At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. The rupee touched a low of 72.78 and a high of 72.65 during the day. The domestic unit finally ended 9 paise higher at 72.65 against the US dollar.
5. Rupee: The rupee pared its initial losses to settle higher by 9 paise at 72.65 against the US dollar on Thursday following consistent forex inflows and losses in the American currency in the global markets. At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. The rupee touched a low of 72.78 and a high of 72.65 during the day. The domestic unit finally ended 9 paise higher at 72.65 against the US dollar.
 6. Gold:  Gold prices in the national capital declined by Rs 320 to Rs 45,867 per 10 grams on Thursday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,187 per 10 grams. Silver, however, gained marginally by Rs 28 to Rs 68,283 per kg, from Rs 68,255 per kg in the previous trade.
6. Gold: Gold prices in the national capital declined by Rs 320 to Rs 45,867 per 10 grams on Thursday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,187 per 10 grams. Silver, however, gained marginally by Rs 28 to Rs 68,283 per kg, from Rs 68,255 per kg in the previous trade.
 7. Bitcoin ETF:  North America’s first Bitcoin ETF got off to a stellar start in its debut, with investors exchanging $165 million worth of shares. The new fund is called Purpose ETF, and it invests directly in digital or physical bitcoin. Europe has several crypto-tracking products that function like an ETF.
7. Bitcoin ETF: North America’s first Bitcoin ETF got off to a stellar start in its debut, with investors exchanging $165 million worth of shares. The new fund is called Purpose ETF, and it invests directly in digital or physical bitcoin. Europe has several crypto-tracking products that function like an ETF.
 8. US-Iran talks:  After the Thursday NY close - the Biden administration offered to formally restart nuclear talks with Iran, and acknowledged that it would accept an EU meeting of the original JCPOA participants. Joint Comprehensive Plan of Action, Also known as the Iran deal, signed in 2015 by Iran and several world powers, placed restrictions on Iran’s nuclear program in exchange for sanctions relief.
8. US-Iran talks: After the Thursday NY close - the Biden administration offered to formally restart nuclear talks with Iran, and acknowledged that it would accept an EU meeting of the original JCPOA participants. Joint Comprehensive Plan of Action, Also known as the Iran deal, signed in 2015 by Iran and several world powers, placed restrictions on Iran’s nuclear program in exchange for sanctions relief.
 9. CAIT:  Traders body CAIT has demanded a ban on Amazon after Reuters reported the e-tailer's selective and preferential treatment to some sellers on its platform for years. According to the report, Amazon used these select sellers to circumvent India’s foreign direct investment regulations. In a press release on Monday, CAIT President, Praveen Khandelwal sought the government to take action on large e-commerce firms, especially Flipkart and Amazon. He said these “shocking revelations” are enough to ban the Amazon in the country.
9. CAIT: Traders body CAIT has demanded a ban on Amazon after Reuters reported the e-tailer's selective and preferential treatment to some sellers on its platform for years. According to the report, Amazon used these select sellers to circumvent India’s foreign direct investment regulations. In a press release on Monday, CAIT President, Praveen Khandelwal sought the government to take action on large e-commerce firms, especially Flipkart and Amazon. He said these “shocking revelations” are enough to ban the Amazon in the country.
 10. COVID-19:  The union ministries of health and civil aviation have released new guidelines for arriving international passengers due to the increased transmissibility of Brazil, South Africa, and UK variants of COVID-19. As per the new rules, all passengers traveling to India must get an RT-PCR test conducted within 72 hours of their flight departure time and the negative report has to be uploaded before boarding. Hence, an international passenger now needs a negative RT-PCR test report before departure whereas earlier there was an option to do it on arrival.
10. COVID-19: The union ministries of health and civil aviation have released new guidelines for arriving international passengers due to the increased transmissibility of Brazil, South Africa, and UK variants of COVID-19. As per the new rules, all passengers traveling to India must get an RT-PCR test conducted within 72 hours of their flight departure time and the negative report has to be uploaded before boarding. Hence, an international passenger now needs a negative RT-PCR test report before departure whereas earlier there was an option to do it on arrival.
Published : February 19, 2021 08:00 AM IST
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