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10 things you need to know before the opening bell

Updated : February 13, 2019 08:32 AM IST

Indian shares are set to open on a positive note on Wednesday, tracking cues from its Asian peers, on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute. At 07:05 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.23 percent at 10,886.50, indicating a positive start for the Sensex and the Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan rose as much as 0.5 percent to hit its highest level since early October. Japan's Nikkei average climbed 1.3 percent to mark an eight-week high, while South Korea's KOSPI gained 0.5 percent. China's benchmark Shanghai Composite and the blue-chip CSI 300 advanced 0.4 percent and 0.6 percent, respectively, and Hong Kong's Hang Seng was up 0.6 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan rose as much as 0.5 percent to hit its highest level since early October. Japan's Nikkei average climbed 1.3 percent to mark an eight-week high, while South Korea's KOSPI gained 0.5 percent. China's benchmark Shanghai Composite and the blue-chip CSI 300 advanced 0.4 percent and 0.6 percent, respectively, and Hong Kong's Hang Seng was up 0.6 percent. (Image: Reuters)
2. US: the Dow Jones Industrial Average rose 372.65 points, or 1.49 percent, to 25,425.76, the S&P 500 gained 34.93 points, or 1.29 percent, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46 percent, to 7,414.62. (Image: Reuters)
2. US: the Dow Jones Industrial Average rose 372.65 points, or 1.49 percent, to 25,425.76, the S&P 500 gained 34.93 points, or 1.29 percent, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46 percent, to 7,414.62. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian equity market ended Tuesday’s rangebound session lower, dragged by sharp selling in HDFC, Infosys, ICICI Bank and HDFC Bank stocks. The NSE Nifty50 dropped 57 points to end at 10,831, while the Sensex declined by 241 points to 36,154 at close. Metals and Reliance Industries were among top gainers, while financials declined the most. Axis Bank that saw its non-retail portion of offer sale fully subscribed, closed 1 percent off lows. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian equity market ended Tuesday’s rangebound session lower, dragged by sharp selling in HDFC, Infosys, ICICI Bank and HDFC Bank stocks. The NSE Nifty50 dropped 57 points to end at 10,831, while the Sensex declined by 241 points to 36,154 at close. Metals and Reliance Industries were among top gainers, while financials declined the most. Axis Bank that saw its non-retail portion of offer sale fully subscribed, closed 1 percent off lows. (Image: Reuters)
4. Crude Oil Prices: U.S. crude oil futures were up 0.73 percent at $53.49 per barrel after rallying 1.3 percent on Tuesday, reported Reuters. Oil prices surged on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels. (Image: Reuters)
4. Crude Oil Prices: U.S. crude oil futures were up 0.73 percent at $53.49 per barrel after rallying 1.3 percent on Tuesday, reported Reuters. Oil prices surged on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels. (Image: Reuters)
5. Rupee: The rupee closed at 70.70, up by 47 paise against the dollar on Tuesday. (Image: Stock Image)
5. Rupee: The rupee closed at 70.70, up by 47 paise against the dollar on Tuesday. (Image: Stock Image)
6. Dollar: The dollar was on the defensive as investors shifted their money to riskier assets amid the US-China trade-talk hopes. The dollar index stood at 96.701 after its eight-day winning run came to an end overnight to push it away from a two-month peak. (Image: Stock Image)
6. Dollar: The dollar was on the defensive as investors shifted their money to riskier assets amid the US-China trade-talk hopes. The dollar index stood at 96.701 after its eight-day winning run came to an end overnight to push it away from a two-month peak. (Image: Stock Image)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 467 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 123 crore on February 12. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 467 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 123 crore on February 12. (Image: Reuters)
8. Retail Inflation: Retail inflation in January 2019 fell to 2.05 percent against an 18-month low of 2.19 percent in December 2018 on easing food prices. According to data showed by the ministry of statistics and programme implementation, the food inflation for January stood at -2.17 percent compared to a negative print of 2.51 percent in December, while the fuel and light inflation stood at 2.20 percent compared to 4.54 percent in the previous month. (Image: Reuters)
8. Retail Inflation: Retail inflation in January 2019 fell to 2.05 percent against an 18-month low of 2.19 percent in December 2018 on easing food prices. According to data showed by the ministry of statistics and programme implementation, the food inflation for January stood at -2.17 percent compared to a negative print of 2.51 percent in December, while the fuel and light inflation stood at 2.20 percent compared to 4.54 percent in the previous month. (Image: Reuters)
9. Industrial Output Data: Factory output growth in December 2018 rose to 2.4 percent as compared to a 17-month low of 0.5 percent in November 2018, on account of contraction in the mining segment and poor show by the manufacturing sector. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 7.3 percent in December 2017, according to the data released by the Central Statistics Office (CSO) on Tuesday. (Image: Reuters)
9. Industrial Output Data: Factory output growth in December 2018 rose to 2.4 percent as compared to a 17-month low of 0.5 percent in November 2018, on account of contraction in the mining segment and poor show by the manufacturing sector. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 7.3 percent in December 2017, according to the data released by the Central Statistics Office (CSO) on Tuesday. (Image: Reuters)
10. US-China Trade Talks: US Treasury Secretary Steven Mnuchin said on Wednesday he hopes for
10. US-China Trade Talks: US Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other. US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture. (Image: Stock Image)
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