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    10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    10 things you need to know before the opening bell
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    By CNBC-TV18  IST (Updated)

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    Indian shares are set to open higher on Wednesday after a selloff in the previous session, but the investors' sentiment are likely to remain subdued on worries about global economic growth.

    Indian shares are set to open higher on Wednesday after a selloff in the previous session, but the investors' sentiment are likely to remain subdued on worries about global economic growth.
    At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.31 percent to 10,343, indicating a slightly weaker opening for the Indian market today.
    Here is what you need to know before the market opens:
    Asia: MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3 percent, while Japan's Nikkei gained 0.25 percent. The Australian benchmark was up 0.11 percent.
    US: The Dow Jones Industrial Average fell 56.21 points, or 0.21 percent, to 26,430.57, the S&P 500 lost 4.09 points, or 0.14 percent, to 2,880.34 and the Nasdaq Composite added 2.07 points, or 0.03 percent, to 7,738.02.
    Crude oil prices: Brent crude futures were down 2 cents at $84.98 a barrel by 0049 GMT, after a 1.3 percent gain on Tuesday. US West Texas Intermediate (WTI) crude was down by 16 cents, or 0.2 percent, at $74.8 a barrel, after rising nearly 1 percent in the previous session.
    Market at close on Tuesday: The BSE Sensex slipped 175 points to close at 34,299, and the NSE Nifty50 fell 47 points to 10,301, dragged lower by index heavyweight Reliance Industries and FMCG majors ITC and Hindustan Unilever. A sharp fall in Tata Motors which slipped 20 percent intra-day further dented sentiments.
    Rupee: The Indian rupee closed at 74.39 against the US dollar on Tuesday. At 12:25PM, the rupee was trading at 74.16 a dollar, down 8 paise, from its Monday’s close of 74.07. The home currency opened at 73.85 and touched a high and a low of 73.85 and 74.22 a dollar, respectively
    Dollar:The dollar dipped due to a fall in US bond yields after touching a seven-week peak against a basket of currencies. The dollar index last traded flat at 95.609.
    FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 1,242 crore while domestic institutional investors bought shares worth Rs 1,526 crore in the Indian equity market on Tuesday.
    IMF on India: The International Monetary Fund (IMF) has retained India's GDP growth forecast for fiscal year 2018-19 at 7.3 percent, saying that the growth would continue on strengthening investment and robust domestic consumption. However, it has cut growth forecast for the fiscal year 2019-2020 to 7.4 percent from the earlier 7.5 percent on the back of higher crude prices and mixed global economic cues.
    Provident Fund Interest Rate Hike: The government has increased interest rates for non-governmental provident funds, gratuity and superannuation to 8 percent from existing 7.6 percent.
    India's Fiscal Deficit: The excise duty cut on petrol and diesel is credit negative for India as it will reduce government revenue and increase fiscal deficit by 0.1 percent to 3.4 percent of GDP in the year ending March 2019, Moody's Investors Service said on Tuesday.
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