Motilal Oswal
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Motilal Oswal
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10 things you need to know before the opening bell

Updated : February 27, 2019 08:07 AM IST

Indian shares are set for a positive start on Wednesday, tracking gains in Asia after the US Federal Reserve chairman Jerome Powell reinforced the US central bank's recent shift towards a more "patient" approach on policy in the face of a slowing economy. At 07:17 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.39 percent at 10,865.50, indicating a positive start for the Sensex and the Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent in early trade, not far from its five-month high marked on Monday. Japan's Nikkei share average gained 0.4 percent, while Australian stocks rose 0.3 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent in early trade, not far from its five-month high marked on Monday. Japan's Nikkei share average gained 0.4 percent, while Australian stocks rose 0.3 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 33.97 points, or 0.13 percent, to 26,057.98, the S&P 500 lost 2.21 points, or 0.08 percent, to 2,793.9 and the Nasdaq Composite dropped 5.16 points, or 0.07 percent, to 7,549.30. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 33.97 points, or 0.13 percent, to 26,057.98, the S&P 500 lost 2.21 points, or 0.08 percent, to 2,793.9 and the Nasdaq Composite dropped 5.16 points, or 0.07 percent, to 7,549.30. (Image: Reuters)
3. Markets At Close On Tuesday: Indian shares ended lower on Tuesday after the country's jets conducted air strikes against a militant camp in Pakistan territory, escalating tensions between the two nuclear-armed neighbours. The NSE Nifty closed 0.41 percent lower at 10,835.30, while the BSE Sensex fell 0.66 percent to 35,973.71.
3. Markets At Close On Tuesday: Indian shares ended lower on Tuesday after the country's jets conducted air strikes against a militant camp in Pakistan territory, escalating tensions between the two nuclear-armed neighbours. The NSE Nifty closed 0.41 percent lower at 10,835.30, while the BSE Sensex fell 0.66 percent to 35,973.71.
4. Crude Oil: US WTI crude oil futures were at $56.02 per barrel at 0100 GMT, up 52 cents, or 0.9 percent, from their last settlement, Reuters reported. International Brent crude futures were at $65.55 per barrel, up 34 cents, or 0.5 percent from their last close. (Image: Reuters)
4. Crude Oil: US WTI crude oil futures were at $56.02 per barrel at 0100 GMT, up 52 cents, or 0.9 percent, from their last settlement, Reuters reported. International Brent crude futures were at $65.55 per barrel, up 34 cents, or 0.5 percent from their last close. (Image: Reuters)
5. Rupee: The rupee closed at 71.06, down by 9 paise against the dollar on Tuesday. (Image: Reuters)
5. Rupee: The rupee closed at 71.06, down by 9 paise against the dollar on Tuesday. (Image: Reuters)
6. Dollar: In the currency market, the dollar was softer after the Fed chief's testimony, with its index measure against major peers dipping to its lowest in three weeks overnight. It last traded flat at 96.079, Reuters reported. (Image: Reuters)
6. Dollar: In the currency market, the dollar was softer after the Fed chief's testimony, with its index measure against major peers dipping to its lowest in three weeks overnight. It last traded flat at 96.079, Reuters reported. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,674 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 720 crore on February 26. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,674 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 720 crore on February 26. (Image: Reuters)
8. Fiscal Deficit Target: The April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion), or 121.5 percent of the budgeted target for the current fiscal year, government data showed on Tuesday. Earlier this month, while presenting the annual budget for 2019/20, the government had revised upward its fiscal deficit target to 3.4 percent of GDP for the current fiscal year from the previously estimated 3.3 percent budgeted target. (Image: Reuters)
8. Fiscal Deficit Target: The April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion), or 121.5 percent of the budgeted target for the current fiscal year, government data showed on Tuesday. Earlier this month, while presenting the annual budget for 2019/20, the government had revised upward its fiscal deficit target to 3.4 percent of GDP for the current fiscal year from the previously estimated 3.3 percent budgeted target. (Image: Reuters)
9. RBI Removes Banks From PCA Framework:  The Reserve Bank of India (RBI) has taken three banks — Allahabad Bank, Corporation Bank and Dhanlaxmi Bank — out of the Prompt Corrective Action (PCA) framework from the prompt corrective action plan (PCA) for banks with high levels of bad loans and insufficient capital, subject to certain conditions and continuous monitoring. This means the lending restrictions that they were subject to has been lifted. (Image: Reuters)
9. RBI Removes Banks From PCA Framework:  The Reserve Bank of India (RBI) has taken three banks — Allahabad Bank, Corporation Bank and Dhanlaxmi Bank — out of the Prompt Corrective Action (PCA) framework from the prompt corrective action plan (PCA) for banks with high levels of bad loans and insufficient capital, subject to certain conditions and continuous monitoring. This means the lending restrictions that they were subject to has been lifted. (Image: Reuters)
10. RBI Rate Cut: The brokerage firm, Bank of America Merill Lynch believes that the Reserve Bank of India will reduce its policy rates twice this year to accommodate the concerns about growth amid cooling price situation. It also said,
10. RBI Rate Cut: The brokerage firm, Bank of America Merill Lynch believes that the Reserve Bank of India will reduce its policy rates twice this year to accommodate the concerns about growth amid cooling price situation. It also said, "The monetary authority will cut the key policy rates at the forthcoming policy review in April, and effect another reduction in either June or August depending on monsoons." (Image: Reuters)
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