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10 things you need to know before the market opens

10 things you need to know before the market opens

10 things you need to know before the market opens
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By CNBC-TV18 Aug 3, 2018 9:25 AM IST (Updated)

Indian equity indexes are likely to see a gap-up opening on Friday after Thursday’s sharp losses on mixed global cues.

Indian equity indexes are likely to see a gap-up opening on Friday after Thursday’s sharp losses on mixed global cues. While Asian markets were steady in early trade tracking modes overnight gains on Wall Street, investors may tread cautiously amid continued rising wave of protectionism and monetary policy tightening.

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Here is what you need to know before the opening bell
Asia: Markets are steady tracking gains on Wall Street amid continued concerns over US-China trade conflict. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.03 percent. Japan's Nikkei added 0.25 percent and South Korea's KOSPI edged up 0.32 percent. The Singapore-traded SGX Nifty traded at levels around 11,330 vs Nifty August Fut's Thursday close of 11,282, indicating a gap-up opening for the Indian market.
Bank of England: The BoE lifted interest rates, after governor Mark Carney said monetary policy needed to "walk not run" and expressed concern about the risks of a cliff-edge Brexit.
US markets: The Dow Jones Industrial Average fell 7.66 points to 25,326.16, the S&P 500 gained 13.86 points to 2,827.22 and the Nasdaq Composite added 95.40 points to 7,802.69.
Trillion dollar company: Apple’s stock jumped 2.9 percent to end the day at $207.39, giving it a market capitalisation of $1.002 trillion. During the session, Apple’s stock market value reached as much as $1.006 trillion.
Crude oil prices: Brent crude futures were down 0.25 percent at $73.26 a barrel after surging 1.5 percent on Thursday. Crude oil prices eased back slightly after the previous day's rally, which was driven by an industry report suggesting US crude stockpiles would soon decline again after a surprise rise in the latest week.
Currency: The euro was flat at $1.1586 following a loss of 0.6 percent the previous day. The dollar added 0.1 percent to 111.75 yen, having gained about 0.6 percent this week.
Markets at close: The Sensex stayed in the negative zone for the whole day and ended at 37,165.16, showing a loss of 356.46 points, or 0.95 per cent. This is its lowest level since July 26, when it had closed at 36,984.64. The gauge had lost 84.96 points in the previous session. The Nifty too succumbed to selling pressure and hit a low of 11,234.95, before ending at 11,244.70, down 101.50 points, or 0.89 per cent.
FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 639.87 crore and domestic institutional investors sold shares worth Rs 340.3 crore in the Indian equity market on Thursday, as per provisional data available on the NSE.
Rupee: The Indian rupee could not sustain intraday gains and closed 27 paise lower at 68.70 against the US dollar on Thursday. That marked the lowest closing level for the rupee since July 25.
Jio boost to SBI: Reliance Jio and SBI are set to deepen their digital partnership with the latter’s YONO app to be integrated with Reliance MyJio platform’s Jio Prime to accelerate digital transactions by SBI customers.
Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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