This article is more than 2 year old.

10 things you need to know before the opening bell

Mini

Indian shares are set for a positive start on Wednesday after crude oil prices plunged about 7 percent in the previous session amidst oversupply and expectations of faltering demand.

10 things you need to know before the opening bell
The Indian market is set for a positive start on Wednesday, despite getting negative cues from its Asian peers on slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply.
At 07.05 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.33 percent to 10,640, indicating a positive opening for the Indian market.
Here is what you need to know before the market opens:
Asia: The concerns about global growth pushed MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.07 percent. Australian stocks fell 0.5 percent, South Korea's KOSPI lost 0.2 percent and Japan's Nikkei added 0.3 percent.
Wall Street: The Dow Jones Industrial Average fell 100.69 points, or 0.4 percent, to 25,286.49, the S&P 500 lost 4.04 points, or 0.15 percent, to 2,722.18 and the Nasdaq Composite added 0.01 points, or 0 percent, to 7,200.88.
Crude Oil Prices: US crude futures dived 7 percent the previous day, suffering their biggest one-day loss in more than three years. The contracts last stood at $55.72 per barrel following a descent to $54.75 overnight, their lowest since November 2017. OPEC warned on Tuesday that a supply glut could emerge in 2019 as the world economy slows and rivals increase production more quickly than expected.
Market At Close On Tuesday: The market saw a sharp recovery in the second half of the trading session with the BSE Sensex recovering by 331 points to 35,144 and the NSE Nifty recovering by 100 points to 10,582. The recovery comes after the Asian equities pared losses and after the slip in the oil prices was taken into consideration.
Rupee: The rupee closed at 72.67, up 23 paise against the dollar from its previous close on Tuesday.
Dollar: The dollar index, which measures the greenback’s strength against six major currencies, slipped overnight to 97.303. The index had steadily climbed to a 16-month peak of 97.693 on Monday amid the ongoing US-China trade dispute and the Federal Reserve’s commitment to keep gradually raising interest rates.
FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 495 crore, while domestic institutional investors (DIIs) bought shares worth Rs 336 crore in the Indian equity market on November 13.
Flipkart CEO Resigns: US retail giant Walmart on Tuesday said Binny Bansal, CEO of Flipkart Group, India's biggest ecommerce player that it acquired this May, has resigned from the position with immediate effect. The decision of Bansal, a co-founder of the company, follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct, Walmart said in a statement.
RBI's February 12 Circular and Supreme Court Hearing: The Supreme Court on Wednesday will hear a case filled by the power producers’ association, sugar companies and Shipping companies against RBI's February 12 circular which mandates insolvency proceedings for a debt servicing default beyond 180 days. The decision by the apex court will impact the stressed power companies as well as the ones that are associated with them as SC has bunched all the petitions together for a single hearing.
RBI on repo rate: With headline inflation expected to remain benign in the second half of the current fiscal, a Kotak Economic Research report on Monday said the Reserve Bank of India (RBI) is likely to keep repo rate, or the rate at which it lends to the banks, unchanged in the rest of the fiscal. The consumer price index (CPI)-based inflation fell to a one-year low of 3.31 percent in October 2018, from 3.7 percent in September 2018 and 3.58 percent in October 2017.
 
 
(With inputs from agencies)
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 

Market Movers

CompanyPriceChng%Chng
Maruti Suzuki7,010.05 -155.00 -2.16
Power Grid Corp168.65 -2.43 -1.42
Nestle17,815.00 -207.55 -1.15
ITC206.90 -2.20 -1.05
Dr Reddys Labs4,687.35 -44.40 -0.94
CompanyPriceChng%Chng
Maruti Suzuki7,010.15 -140.05 -1.96
Power Grid Corp168.55 -2.50 -1.46
Nestle17,819.40 -193.20 -1.07
ITC207.05 -2.10 -1.00
Dr Reddys Labs4,687.00 -43.20 -0.91
CompanyPriceChng%Chng
Maruti Suzuki7,010.05 -155.00 -2.16
Power Grid Corp168.65 -2.43 -1.42
Nestle17,815.00 -207.55 -1.15
ITC206.90 -2.20 -1.05
Dr Reddys Labs4,687.35 -44.40 -0.94
CompanyPriceChng%Chng
Maruti Suzuki7,010.15 -140.05 -1.96
Power Grid Corp168.55 -2.50 -1.46
Nestle17,819.40 -193.20 -1.07
ITC207.05 -2.10 -1.00
Dr Reddys Labs4,687.00 -43.20 -0.91

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.2650-0.1100-0.15
Euro-Rupee88.1750-0.0360-0.04
Pound-Rupee103.65200.12600.12
Rupee-100 Yen0.67660.0000-0.00