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10 things you need to know before the opening bell

Updated : February 08, 2019 07:21 AM IST

Indian shares are set to open lower on Friday, tracking its Asian peers as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the US-China trade row. At 07:10 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.33 percent at 11,058.50, indicating a weak start for the Sensex and the Nifty.

1. Asian stocks: MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.3 percent, easing back from a four-month peak touched the previous day, reported Reuters. The index stood little changed on the week. Japan's Nikkei fell 1.2 percent. (Image: Reuters)
1. Asian stocks: MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.3 percent, easing back from a four-month peak touched the previous day, reported Reuters. The index stood little changed on the week. Japan's Nikkei fell 1.2 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 220.77 points, or 0.87 percent, to 25,169.53, the S&P 500 lost 25.56 points, or 0.94 percent, to 2,706.05 and the Nasdaq Composite dropped 86.93 points, or 1.18 percent, to 7,288.35. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 220.77 points, or 0.87 percent, to 25,169.53, the S&P 500 lost 25.56 points, or 0.94 percent, to 2,706.05 and the Nasdaq Composite dropped 86.93 points, or 1.18 percent, to 7,288.35. (Image: Reuters)
3. Markets At Close On Thursday: Indian shares erased gains in the last hour of trade on Thursday with the Sensex ending mildly in the red, below 37,000 mark. The Nifty too gave up 11,100 after hitting the level briefly. Benchmark indexes erased gains after the Reserve Bank of India (RBI) cut key interest rates and changed its monetary policy stance to
3. Markets At Close On Thursday: Indian shares erased gains in the last hour of trade on Thursday with the Sensex ending mildly in the red, below 37,000 mark. The Nifty too gave up 11,100 after hitting the level briefly. Benchmark indexes erased gains after the Reserve Bank of India (RBI) cut key interest rates and changed its monetary policy stance to "neutral” from “calibrated tightening” at today's Monetary Policy Committee meeting outcome. (Image: Reuters)
4. Crude Oil: US WTI crude futures were at $52.47 per barrel at 0123 GMT, down 17 cents, or 0.3 percent, from their last settlement. WTI dropped by around 2.5 percent the previous session, reported Reuters. International Brent crude oil futures were down by 12 cents, or 0.2 percent, at $61.51 per barrel after falling 1.7 percent the previous session. (Image: Reuters)
4. Crude Oil: US WTI crude futures were at $52.47 per barrel at 0123 GMT, down 17 cents, or 0.3 percent, from their last settlement. WTI dropped by around 2.5 percent the previous session, reported Reuters. International Brent crude oil futures were down by 12 cents, or 0.2 percent, at $61.51 per barrel after falling 1.7 percent the previous session. (Image: Reuters)
5. Rupee: The rupee closed at 71.45, up by 10 paise against the dollar on Thursday. (Image: Stock Image)
5. Rupee: The rupee closed at 71.45, up by 10 paise against the dollar on Thursday. (Image: Stock Image)
6. Dollar: The dollar was little changed at 109.820 yen, nudged off a high of 110.09 reached the previous day, according to Reuters. The yen tends to attract demand in times of political tensions and market volatility due to its perceived safe-haven status. Yet, the US currency was still headed for a small gain of 0.3 percent against the yen this week. (Image: Reuters)
6. Dollar: The dollar was little changed at 109.820 yen, nudged off a high of 110.09 reached the previous day, according to Reuters. The yen tends to attract demand in times of political tensions and market volatility due to its perceived safe-haven status. Yet, the US currency was still headed for a small gain of 0.3 percent against the yen this week. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 418 crore on net basis, while domestic institutional investors (DIIs) bought shares worth Rs 294 crore on February 7. (Image: Getty Images)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 418 crore on net basis, while domestic institutional investors (DIIs) bought shares worth Rs 294 crore on February 7. (Image: Getty Images)
8. Piyush Goyal On RBI MPC: Finance minister Piyush Goyal on Thursday said the rate cut by the RBI will give a boost to the economy by providing affordable credit to small businesses and homebuyers, reported PTI. The Reserve Bank of India (RBI) has reduced repo rate (at which RBI lends to banks) by 0.25 percent to 6.25 percent, a move that will translate into softening interest rates. (Image: PTI)
8. Piyush Goyal On RBI MPC: Finance minister Piyush Goyal on Thursday said the rate cut by the RBI will give a boost to the economy by providing affordable credit to small businesses and homebuyers, reported PTI. The Reserve Bank of India (RBI) has reduced repo rate (at which RBI lends to banks) by 0.25 percent to 6.25 percent, a move that will translate into softening interest rates. (Image: PTI)
9. RBI On NBFCs: Carrying forward the harmonisation process, the RBI onThursday decided to consider major category of NBFCs like asset finance companies (AFC), loan companies, and investment companies as a single segment. The guidelines for harmonisation of non-banking financial companies (NBFCs) would be issued by the end of this month. (Image: Reuters)
9. RBI On NBFCs: Carrying forward the harmonisation process, the RBI onThursday decided to consider major category of NBFCs like asset finance companies (AFC), loan companies, and investment companies as a single segment. The guidelines for harmonisation of non-banking financial companies (NBFCs) would be issued by the end of this month. (Image: Reuters)
10. Intellectual Property Ranking: India has jumped eight places to 36th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 50 global economies, this year, reported PTI. India's eight-point jump in 2019 from 44th position in 2018 is the highest increase among 50 nations mapped by the index, a release said. (Image : AP)
10. Intellectual Property Ranking: India has jumped eight places to 36th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 50 global economies, this year, reported PTI. India's eight-point jump in 2019 from 44th position in 2018 is the highest increase among 50 nations mapped by the index, a release said. (Image : AP)
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