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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 Oct 15, 2018 7:30:46 AM IST (Published)

Indian shares are likely to open lower on Monday, tracking weak Asian equities as worries over Sino-US trade disputes and higher US borrowing costs are likely to weigh on investors' sentiment. At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.14 percent to 10,464, indicating a weak opening for the Indian market today.

Indian shares are likely to open lower on Monday, tracking weak Asian equities as worries over Sino-US trade disputes and higher US borrowing costs are likely to weigh on investors' sentiment.

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At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.14 percent to 10,464, indicating a weak 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 fell 0.3 percent while Japan's Nikkei dropped 0.9 percent. MSCI’s broadest gauge of the world’s stock markets, was off 0.1 percent after a sizable 3.87 percent decline last week to a one-year nadir, and marking its biggest weekly fall since March.
US: On Friday, the Dow Jones Industrial Average rose 287.16 points, or 1.15 percent, to 25,339.99, the S&P 500 gained 38.76 points, or 1.42 percent, to 2,767.13 and the Nasdaq Composite added 167.83 points, or 2.29 percent, to 7,496.89.
Crude oil prices: Brent crude gained 98 cents, or 1.22 percent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since October 9. US crude futures climbed 80 cents, or 1.12 percent, to $72.15 a barrel, extending gains they racked up on Friday after hefty losses on Wednesday and Thursday.
Market at close on Friday: Indian shares jumped over 2 percent on Friday, the most since late May 2016, with a stronger rupee and an overnight fall in crude prices bringing some relief after the previous session's sharp sell-off. The benchmark BSE Sensex rose 2.15 percent to 34,733.58, and closed the week 1 percent higher. The broader NSE Nifty climbed 2.32 percent to 10,472.50, ending the week 1.5 percent higher.
Rupee: The Indian rupee closed at 73.56 against the US dollar on Friday, down 56 paise from its Thursday close of 74.12.
Dollar: The euro traded around 0.1 percent lower at 1.1549 on Monday, while the sterling lost 0.34 percent to 1.3109 after hitting an October high of 1.3258 on Friday.
FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 1,322.13 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,287.29 crore in the Indian equity market on October 12.
Retail Inflation & Factory Output: The consumer price index (CPI) inflation rate for September 2018 stood at 3.77 percent against August’s 3.69 percent, on higher food and fuel costs, and pushed up by a battered rupee.  he general index of industrial production (IIP) for the month of August fell to 4.3 percent compared to the previous month's 6.6 percent.
PM meeting with OMC Heads: Prime Minister Narendra Modi prepares to meet the chief executives of major global and Indian oil and gas companies on Monday, as the US sanctions on Iran comes into effect from November 4, and as crude oil prices continue to be volatile. He is also expected discuss ways to revive investment in India's upstream sector.
Wholesale Price Index: The wholesale price index (WPI) rate numbers are expected at 12 noon. According to analysts, it is expected to be in the range of 4.7 percent to 5.1 percent.
(With inputs from agencies)
 
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