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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 (Published)

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    Indian shares looked set for a positive start on Wednesday, taking cues from  Asia following a gradual recovery on Wall Street and lower crude oil prices.

    Indian shares looked set for a positive start on Wednesday, taking cues from  Asia following a gradual recovery on Wall Street and lower crude oil prices.
    At 07.03 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.67 percent to 10,240.50, indicating a positive 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 rose 0.2 percent following a decline of more than 2 percent the previous day. South Korea's KOSPI added 0.5 percent and Japan's Nikkei climbed 0.25 percent.
    US: The Dow Jones Industrial Average fell 125.98 points, or 0.5 percent, to 25,191.43, the S&P 500 lost 15.19 points, or 0.55 percent, to 2,740.69 and the Nasdaq Composite dropped 31.09 points, or 0.42 percent, to 7,437.54.
    Crude Oil Prices: Front-month Brent crude oil futures were at $76.37 a barrel at 0031 GMT, 7 cents below their last close. US West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, 12 cents below their last settlement. The dips came after Brent closed down 4.3 percent and WTI 4 percent in the previous session.
    Market At Close On Tuesday: Indian market ended with sharp losses on Tuesday, weighed down by macro concerns amid mounting geo-political concerns. The benchmark Sensex closed down 0.84 percent at 33,847.23, its lowest close since April 9. The broader Nifty ended 0.96 percent lower at 10,146.80, its lowest close since April 4.
    Rupee: The Indian rupee closed at 73.56 against the US dollar on Tuesday.
    Dollar: The dollar flagged against the yen, which is often sought in times of risk aversion. The US currency was at 112.43 yen after dropping 0.35 percent overnight.
    FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 340 crore while domestic institutional investors (DIIs) bought shares worth Rs 116 crore in the Indian equity market on October 23.
    RBI On NPA Crisis: The 18-member RBI board discussed the prompt corrective action (PCA) framework under which as many as 11 public sector banks are placed. The meeting is also understood to have discussed the liquidity crisis faced by non-banking finance companies following the crisis at project financier IL&FS group, which was taken over by the government on October 1 following a string of payment defaults.
    CBI Probing CBI: The Central Bureau of Investigation on Tuesday relieved its special director Rakesh Asthana of all responsibilities, said people familiar with the matter. The Delhi High Court has directed the CBI to maintain status quo on the criminal proceedings initiated against Asthana, who has challenged the FIR lodged against him on bribery allegations.
    Supreme Court On Firecrackers: The Supreme Court imposing stringent rules on sale and use of fire crackers ahead of Diwali is likely to impact sales of the mostly unorganized industry that is around Rs 20,000 crore per annum. The Supreme Court on Tuesday ruled that only firecrackers with reduced emission and decibel levels will be allowed to sell during all festivals that too with strict time limits.
    (With inputs from agencies)
     
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