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10 things you need to know before the opening bell

Updated : 2019-03-08 07:31:28

Indian shares are set to open lower on Friday, tracking weak Asia after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy. At 07:20 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.46 percent at 11,036, indicating a negative start for the Sensex and the Nifty.

1. Asia: In Asia, Japan's Nikkei led the way with a drop of 0.9 percent, while Australian stocks lost 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent, having already shed 0.9 percent the day before. E-Mini futures for the S&P 500 dithered either side of flat after a weak close for Wall Street. (Image: Reuters)
1. Asia: In Asia, Japan's Nikkei led the way with a drop of 0.9 percent, while Australian stocks lost 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent, having already shed 0.9 percent the day before. E-Mini futures for the S&P 500 dithered either side of flat after a weak close for Wall Street. (Image: Reuters)
2. US: On Thursday, the Dow Jones Industrial Average fell 200.23 points, or 0.78 percent, to 25,473.23, the S&P 500 lost 22.52 points, or 0.81 percent, to 2,748.93 and the Nasdaq Composite dropped 84.46 points, or 1.13 percent, to 7,421.46.  (Image: Reuters)
2. US: On Thursday, the Dow Jones Industrial Average fell 200.23 points, or 0.78 percent, to 25,473.23, the S&P 500 lost 22.52 points, or 0.81 percent, to 2,748.93 and the Nasdaq Composite dropped 84.46 points, or 1.13 percent, to 7,421.46.  (Image: Reuters)
3. Markets At Close On Thursday: Indian shares ended higher on Thursday, with sentiment lifted by a strong rupee, amid hopes of a second term for the current government in the next elections. The benchmark BSE Sensex closed up 0.24 percent at 36,725.42, while the broader NSE Nifty ended 0.05 percent higher at 11,058.20, with Larsen & Toubro Ltd closing up 2.7 percent. (Image: Reuters)
3. Markets At Close On Thursday: Indian shares ended higher on Thursday, with sentiment lifted by a strong rupee, amid hopes of a second term for the current government in the next elections. The benchmark BSE Sensex closed up 0.24 percent at 36,725.42, while the broader NSE Nifty ended 0.05 percent higher at 11,058.20, with Larsen & Toubro Ltd closing up 2.7 percent. (Image: Reuters)
4. Crude Oil Prices: Brent crude futures gained 31 cents, or 0.47 percent, to settle at $66.30 a barrel. US West Texas Intermediate (WTI) crude futures rose 44 cents, or 0.78 percent, to settle at $56.66 a barrel. (Image: Reuters)
4. Crude Oil Prices: Brent crude futures gained 31 cents, or 0.47 percent, to settle at $66.30 a barrel. US West Texas Intermediate (WTI) crude futures rose 44 cents, or 0.78 percent, to settle at $56.66 a barrel. (Image: Reuters)
5. Rupee: The rupee closed at 70, up by 28 paise against the dollar on Thursday. (Image: Reuters)
5. Rupee: The rupee closed at 70, up by 28 paise against the dollar on Thursday. (Image: Reuters)
6. Dollar: The greenback reached a new 2019 high against a basket of currencies and was last at 97.607. (Image: Reuters)
6. Dollar: The greenback reached a new 2019 high against a basket of currencies and was last at 97.607. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,138 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 925 crore on March 7. (Image: Stock Image)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,138 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 925 crore on March 7. (Image: Stock Image)
8. General Elections 2019: Former Congress chief Sonia Gandhi and current president Rahul Gandhi will contest Lok Sabha elections from Rae Bareli and Amethi in Uttar Pradesh, respectively. The first list, finalised at a meeting of the party's cental election committee chaired by Rahul Gandhi, names 11 candidates from Uttar Pradesh and four from Gujarat. (Image: Reuters)
8. General Elections 2019: Former Congress chief Sonia Gandhi and current president Rahul Gandhi will contest Lok Sabha elections from Rae Bareli and Amethi in Uttar Pradesh, respectively. The first list, finalised at a meeting of the party's cental election committee chaired by Rahul Gandhi, names 11 candidates from Uttar Pradesh and four from Gujarat. (Image: Reuters)
9. India-Iran Oil Purchase: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian oil, but has been in talks on extending a sanctions waiver, known as a significant reduction exception, a senior India official said in January. (Image: Reuters)
9. India-Iran Oil Purchase: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian oil, but has been in talks on extending a sanctions waiver, known as a significant reduction exception, a senior India official said in January. (Image: Reuters)
10. Suresh Prabhu On India's Good Exports: The country's goods export will touch $330 billion in 2018-19, which will be the highest ever, commerce and industry minister Suresh Prabhu said on Thursday. He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues. (Image: Reuters)
10. Suresh Prabhu On India's Good Exports: The country's goods export will touch $330 billion in 2018-19, which will be the highest ever, commerce and industry minister Suresh Prabhu said on Thursday. He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues. (Image: Reuters)
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