Motilal Oswal
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Motilal Oswal
Market

10 things you need to know before the opening bell

Updated : March 27, 2019 08:33 AM IST

Indian shares are set to open lower on Wednesday, in line with Asian peers as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world's top economy. At 07:16 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.28 percent at 11,492.00, indicating a weak start for the Sensex and Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan's Nikkei lost 0.6 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan's Nikkei lost 0.6 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 140.9 points, or 0.55 percent, to 25,657.73, the S&P 500 gained 20.1 points, or 0.72 percent, to 2,818.46 and the Nasdaq Composite added 53.98 points, or 0.71 percent, to 7,691.52. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 140.9 points, or 0.55 percent, to 25,657.73, the S&P 500 gained 20.1 points, or 0.72 percent, to 2,818.46 and the Nasdaq Composite added 53.98 points, or 0.71 percent, to 7,691.52. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian market ended higher on Tuesday, with frontline indices Sensex and Nifty up 1 percent each led by gains in index heavyweights like RIL, HDFC Bank, ICICI Bank, and SBI. The S&P BSE Sensex ended at 38,233, up 424 points, while the broader NSE Nifty50 settled at 11,483, adding 129 points. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian market ended higher on Tuesday, with frontline indices Sensex and Nifty up 1 percent each led by gains in index heavyweights like RIL, HDFC Bank, ICICI Bank, and SBI. The S&P BSE Sensex ended at 38,233, up 424 points, while the broader NSE Nifty50 settled at 11,483, adding 129 points. (Image: Reuters)
4. Crude Oil: Brent was down by 12 cents, or 0.2 percent, at $67.85 by 0010 GMT. On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21. US crude futures fell 9 cents, or 0.2 percent, to $59.85. The US benchmark rose $1.12, or 1.9 percent, to $59.94 a barrel in the previous session. (Image: Reuters)
4. Crude Oil: Brent was down by 12 cents, or 0.2 percent, at $67.85 by 0010 GMT. On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21. US crude futures fell 9 cents, or 0.2 percent, to $59.85. The US benchmark rose $1.12, or 1.9 percent, to $59.94 a barrel in the previous session. (Image: Reuters)
5. Rupee: The rupee closed at 68.86, up by 7 paise against the dollar on Tuesday. (Image: Reuters)
5. Rupee: The rupee closed at 68.86, up by 7 paise against the dollar on Tuesday. (Image: Reuters)
6. Dollar: The dollar edged back to 110.50 yen, from Monday's 1-1/2-month low of 109.70. (Image: Reuters)
6. Dollar: The dollar edged back to 110.50 yen, from Monday's 1-1/2-month low of 109.70. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 999 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 197 crore on March 26. (Image: AP)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 999 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 197 crore on March 26. (Image: AP)
8. RBI-Forex Swap: RBI successfully concluded the forex swap auction, buying the targeted $5 billion as part of the long term dollar/rupee swap with a three-year tenor, it said in a statement. In turn, Rs 34,561 crore was infused into the Indian banking system.The RBI said it received $16.31 billion in bids for the auction for which the cut-off was set at 776 paise. (Image: Reuters)
8. RBI-Forex Swap: RBI successfully concluded the forex swap auction, buying the targeted $5 billion as part of the long term dollar/rupee swap with a three-year tenor, it said in a statement. In turn, Rs 34,561 crore was infused into the Indian banking system.The RBI said it received $16.31 billion in bids for the auction for which the cut-off was set at 776 paise. (Image: Reuters)
9. Moody's On Fuel Price Revision During Polls: Profitability of state-owned refiners such as Indian Oil Corp (IOC) may come under pressure if the government asks them to temporarily freeze the prices of petrol, diesel and other fuels ahead of general elections, Moody's Investors Service said on Tuesday.
9. Moody's On Fuel Price Revision During Polls: Profitability of state-owned refiners such as Indian Oil Corp (IOC) may come under pressure if the government asks them to temporarily freeze the prices of petrol, diesel and other fuels ahead of general elections, Moody's Investors Service said on Tuesday. "Given India's upcoming general election in April-May, we expect the refiners' profitability may come under pressure if they are asked by the government to temporarily freeze the prices of petroleum products," Moody's said in a report.
10. US Treasury Bonds: The 10-year US Treasuries yield inched up to 2.425 percent from Monday's 15-month low of 2.377 percent, though the yield curve remained inverted, with three-month bills yielding 2.461 percent, more than 10-year bonds. The inversion spooked many investors as this phenomenon has preceded every US recession over the past 50 years, triggering a dramatic selloff in stock markets across the globe late last week and a stampede into longer-dated US government debt. (Image: Reuters)
10. US Treasury Bonds: The 10-year US Treasuries yield inched up to 2.425 percent from Monday's 15-month low of 2.377 percent, though the yield curve remained inverted, with three-month bills yielding 2.461 percent, more than 10-year bonds. The inversion spooked many investors as this phenomenon has preceded every US recession over the past 50 years, triggering a dramatic selloff in stock markets across the globe late last week and a stampede into longer-dated US government debt. (Image: Reuters)
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