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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 Jan 8, 2019 7:29:10 AM IST (Updated)

Indian shares are likely to open little changed on Tuesday, a day after benchmark Sensex climbed over 155 points to close over 35,850 and amid caution ahead of the third-quarter earnings starting later this week. At 07:00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.08 percent at 10,796.50, indicating a tepid start for the Indian market.

The Indian market is likely to have a tepid start, taking cues from its Asian peers as investors bet that Washington and Beijing are inching towards a trade deal and that US Federal Reserve would halt its tightening if economic growth slows further.

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At 07:00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.08 percent at 10,796.50, indicating a tepid start for the Indian market.
Here is what you need to know before the market opens
:
Asia: Japan's Nikkei rose 1.0 percent while MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent.
US: The Dow Jones Industrial Average rose 0.42 percent to end at 23,531.35 points, while the S&P 500 gained 0.70 percent to 2,549.69. The Nasdaq Composite added 1.26 percent to 6,823.47. The Russell 2000 index of small companies rose 1.78 percent, bringing its gain over the past two sessions to 5.60 percent.
Market at close on Monday: The shares rose on Monday along with global markets as upbeat US data, a more dovish tone by the Federal Reserve, and the start of Sino-US trade talks soothed investor nerves about a slowing global economy. The benchmark BSE Sensex closed the session 0.43 percent higher at 35,850.16, while the broader NSE Nifty ended up 0.41 percent at 10,771.80.
Oil Prices: US West Texas Intermediate (WTI) crude oil futures were at $48.69 per barrel at 0024 GMT, up 17 cents, or 0.4 percent from their last settlement. International Brent crude futures were at $57.77 per barrel at 0113 GMT, up 44 cents, or 0.8 percent from their last close.
Rupee: The rupee closed at 69.68, up by 4 paise against the dollar on Monday.
Dollar: The US dollar is losing momentum as investors wind back expectations of rate hikes and a future widening in its yield advantage. But conditions in most other developed economies aren’t much to write home about, either, potentially limiting the upside for other major currencies. The euro traded at $1.1474, near Wednesday's two-month high of $1.1497.
FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 736 crore while domestic institutional investors (DIIs) sold shares worth Rs 142 crore in the Indian equity market on January 7.
Reservation For Weaker Upper Caste: With about five months left for the Lok Sabha elections, the cabinet on Monday approved 10 percent reservation to economically backward upper castes in government jobs, sources told CNBC Awaaz. The reservation will be for those belonging to the upper castes, earning less than Rs 8 lakh per year, having agriculture land below 5 hectare, residential house below 1000 sq.ft., residential plot below 109 yards in notified municipality, residential plot below 209 yards in non-notified municipality area.
Indian Economy: Indian economy is expected to grow at 7.2 percent in 2018-19 against 6.7 percent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the Central Statistics Office (CSO) said on Monday. The CSO estimate is, however, a bit lower than 7.4 percent growth projected by the Reserve Bank for the current fiscal.
CBI vs CBI: The Supreme Court is scheduled to pronounce on Tuesday its verdict on CBI director Alok Kumar Verma's plea against the centre's decision to divest him of powers and sending him on leave. The centre had taken a decision against Verma and CBI's Special Director Rakesh Asthana after their feud became public as they made allegations of corruption against each other.
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