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10 things you need to know before the opening bell

10 things you need to know before the opening bell
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By CNBC-TV18 Jan 16, 2019 7:47:21 AM IST (Updated)

Indian stocks looked set to open in the red, tracking subdued Asian shares, with investors assessing Brexit options after British Prime Minister Theresa May's suffered a heavy defeat on her deal to pull out Britain from the European Union. The focus is now on a confidence vote on May's government by lawmakers later on Wednesday. SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.15 percent at 10,926.50 at 07:05 AM.

The Indian market looked set to begin mixed with the investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union.

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SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.15 percent at 10,926.50 at 07:05 AM.
Here is what you need to know before the market opens
:
Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was off a touch, having swung up on Tuesday after Chinese officials came out in force to signal more measures to stabilise a slowing economy. Australian shares tacked on 0.1 percent while Japan's Nikkei lost 0.7 percent.
US: The Dow Jones Industrial Average rose 155.75 points, or 0.65 percent, to 24,065.59, the S&P 500 gained 27.69 points, or 1.07 percent, to 2,610.3 and the Nasdaq Composite added 117.92 points, or 1.71 percent, to 7,023.83.
Market at close on Tuesday: The equity market snapped a three-day losing streak on Tuesday with all sector contributing to gains. The NSE Nifty50 ended the session 149 points higher at 10,887 and the BSE Sensex advanced 465 points to 36,318.
Oil Prices: US West Texas Intermediate crude futures were last trading 30 cents, or 0.6 percent, lower at $51.81 a barrel. Brent futures were also off 30 cents, down about half a percent, at $60.34 a barrel.
Rupee: The rupee closed at 71.03, down by 10 paise against the dollar on Tuesday.
Dollar: In the currency market, the euro changed hands at $1.1405, holding steady after giving up nearly half a percent during the previous session. Against the Japanese yen, the dollar was down nearly 0.3 percent at 108.41 yen.
FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 160 crore while domestic institutional investors (DIIs) bought shares worth Rs 417 crore in the Indian equity market on January 15.
Trade Deficit: India's exports grew marginally by 0.34 percent to $27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems and jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 percent to $41 billion during the last month, narrowing the trade deficit to $13 billion. The trade deficit stood at $14.2 billion in December 2017.
RBI Rate Cut: JPMorgan on Tuesday said it expects rate cut by the Reserve Bank of India (RBI) at the upcoming policy review in February this year. In an interview to CNBC-TV18, Sajjid Chinoy, chief India economist, said there is a lot of agrarian distress as the terms of trade have moved sharply against farmers.
Brexit: British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.
(With inputs from agencies)
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