• SENSEX
    NIFTY 50
Market

10 things you need to know before the opening bell on April 11

Updated : 2019-04-11 08:55:56

Indian shares are set to open higher on Thursday, a day after the benchmark indices plunged more than 350 points on the back of profit booking in banking and technology stocks. Trading, however, is likely to be cautious ahead of the voting for first phase of Lok Sabha elections starting today and quarterly earnings of IT majors Tata Consultancy Services and Infosys on April 12. At 07:14 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.22 at 11,677, indicating a positive start for the Sensex and Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent after four straight days of gains took it to the highest since last August. Chinese shares were subdued with the blue-chip CSI300 off 1 percent while Hong Kong's Hang Seng index stumbled 0.6 percent. Australian shares also lost ground, pressured by political uncertainty after the country's prime minister called a national election for May 18. Japan's Nikkei fell 0.3 percent as the yen strengthened. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent after four straight days of gains took it to the highest since last August. Chinese shares were subdued with the blue-chip CSI300 off 1 percent while Hong Kong's Hang Seng index stumbled 0.6 percent. Australian shares also lost ground, pressured by political uncertainty after the country's prime minister called a national election for May 18. Japan's Nikkei fell 0.3 percent as the yen strengthened. (Image: Reuters)
2. US: Overnight, European and US shares gained. On Wall Street, the S&P 500 added 0.35 percent, the Nasdaq climbed 0.7 percent while the Dow was barely changed. (Image: Reuters)
2. US: Overnight, European and US shares gained. On Wall Street, the S&P 500 added 0.35 percent, the Nasdaq climbed 0.7 percent while the Dow was barely changed. (Image: Reuters)
3. Markets At Close On Wednesday: The Indian market ended lower on Wednesday, led by losses in large-caps stocks on profit booking after the International Monetary Fund (IMF) lowered growth outlook for India and the global economy. The BSE Sensex settled at 38,585, down 354 points, while the broader NSE Nifty50 ended at 11,584, slipping 88 points. (Image: Reuters)
3. Markets At Close On Wednesday: The Indian market ended lower on Wednesday, led by losses in large-caps stocks on profit booking after the International Monetary Fund (IMF) lowered growth outlook for India and the global economy. The BSE Sensex settled at 38,585, down 354 points, while the broader NSE Nifty50 ended at 11,584, slipping 88 points. (Image: Reuters)
4. Crude Oil: International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 percent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $64.36 per barrel, down 25 cents, or 0.4 percent, from their previous settlement. (Image: Reuters)
4. Crude Oil: International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 percent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $64.36 per barrel, down 25 cents, or 0.4 percent, from their previous settlement. (Image: Reuters)
5. Rupee: The rupee closed at 69.11, up 18 paise against the US dollar on Wednesday. (Image: Stock Image)
5. Rupee: The rupee closed at 69.11, up 18 paise against the US dollar on Wednesday. (Image: Stock Image)
6. Dollar: The dollar index fell for a fourth straight day to 96.909. The euro was barely changed at $1.1278 while the Japanese yen paused after three days of gains at 111.03. (Image: Reuters)
6. Dollar: The dollar index fell for a fourth straight day to 96.909. The euro was barely changed at $1.1278 while the Japanese yen paused after three days of gains at 111.03. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,430 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 461 crore on April 10. (Image: Stock Image)
7. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,430 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 461 crore on April 10. (Image: Stock Image)
8. India-China Trade Deficit: India's trade deficit with China fell by $10 billion to $53 billion in FY19 on the back of lower imports, officials told CNBC-TV18. The downtick in the merchandise trade gap was also aided by new market opportunities arising out of the US-China trade war in the neighbouring nation. According to a provisional figure of the year ended March 31, 2019, India's exports to China grew 31 percent at $17 billion in FY19 while imports dipped by 8 percent at $70 billion in the year under consideration.
8. India-China Trade Deficit: India's trade deficit with China fell by $10 billion to $53 billion in FY19 on the back of lower imports, officials told CNBC-TV18. The downtick in the merchandise trade gap was also aided by new market opportunities arising out of the US-China trade war in the neighbouring nation. According to a provisional figure of the year ended March 31, 2019, India's exports to China grew 31 percent at $17 billion in FY19 while imports dipped by 8 percent at $70 billion in the year under consideration.
9. Brexit Deadline Extended: European Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of October 31, officials said, after French President Emmanuel Macron opposed efforts to give her another year. The late-night agreement means Britain will not crash out of the bloc on Friday and gives May more than the three months she had asked for to build a parliamentary majority behind the withdrawal treaty she negotiated with the EU last year. (Image: AP)
9. Brexit Deadline Extended: European Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of October 31, officials said, after French President Emmanuel Macron opposed efforts to give her another year. The late-night agreement means Britain will not crash out of the bloc on Friday and gives May more than the three months she had asked for to build a parliamentary majority behind the withdrawal treaty she negotiated with the EU last year. (Image: AP)
10. Lok Sabha Elections 2019: Over 14.21 crore voters will decide the fate of 1,279 candidates in 91 constituencies across India as voting in the first phase of Lok Sabha elections begins on Thursday. People in the Northeastern states will kick-off the world’s largest election process. More than 1.70 lakh polling booths set up across 20 states and Union Territories. (Image: Stock Image)
10. Lok Sabha Elections 2019: Over 14.21 crore voters will decide the fate of 1,279 candidates in 91 constituencies across India as voting in the first phase of Lok Sabha elections begins on Thursday. People in the Northeastern states will kick-off the world’s largest election process. More than 1.70 lakh polling booths set up across 20 states and Union Territories. (Image: Stock Image)
Live TV

Ask Our Experts CNBC TV18