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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 looked set for a gap-down opening on Thursday, tracking selloff in Asian equities after Wall Street wiped out all its gain for the year following disappointing earnings by tech companies. 

    Indian shares looked set for a gap-down opening on Thursday, tracking selloff in Asian equities after Wall Street wiped out all its gain for the year following disappointing earnings by tech companies.
    At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 1.16 percent to 10,118.50, indicating a negative start 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 0.7 percent. Japan's Nikkei slumped more than 3 percent to hit a six-month trough and Australian shares skidded about 2 percent to a more than one-year low. Tokyo's Topix index tumbled 3 percent, evaporating $155 billion in market value in the first 15 minutes of trading.
    US: The Dow Jones Industrial Average fell 608.01 points, or 2.41 percent, to 24,583.42, the S&P 500 lost 84.59 points, or 3.09 percent, to 2,656.1 and the Nasdaq Composite dropped 329.14 points, or 4.43 percent, to 7,108.40.
    Crude Oil Prices: Front-month Brent crude oil futures were at $75.42 a barrel at 0043 GMT, 75 cents, or 1 percent, below their last close. US West Texas Intermediate (WTI) crude futures were at $66.23 a barrel, 59 cents, or 0.9 percent, below their last settlement. In oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent.
    Market At Close On Wednesday: Indian shares staged a smart recovery after a volatile session on Wednesday. The Nifty ended at 10,238, rising by 91 points or 0.90 percent, while the Sensex jumped 187 points or 0.55 percent, to close at 34,034. Broader markets outperformed with the Nifty MidCap rising 1.31 percent.
    Rupee: The Indian rupee closed higher by 41 paise to 73.15 against the US dollar on Wednesday.
    Dollar: Against a basket of currencies, the dollar paused near a nine-week peak and was last trading at 96.351. The yen got the usual safe-haven bid, with the euro skidding to a two-month low at 127.68 yen. Even the high-flying dollar eased to 111.85 yen.
    FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 2,047 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,874 crore in the Indian equity market on October 24.
    CBI Reshuffle: Just hours after taking the acting chief charge at the Central Bureau Investigation (CBI), Nageswar Rao on Wednesday ordered the transfer of several officers, including deputy superintendent of police and investigating officer Ajay Bassi in connection with bribery allegations involving its special director Rakesh Asthana.
    Drought Menace: As many as five state governments have declared drought-hit districts and talukas. Maharashtra has said that 31 districts have been affected by low rain, while Bihar has claimed that 23 districts have received inadequate rainfall. Karnataka is also one of the worst-hit states where it is witnessing back to back drought for the last 15 years.
    Tax-Plus One System: Prime Minister Narendra Modi on Wednesday said more people under his government are paying taxes because they have faith that their money is being used properly, but pitched for a 'tax-plus one' system where citizens do a little more towards society besides honestly paying taxes.
    (With inputs from agencies)
     
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