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10 things you need to know before the opening bell on April 24

Updated : 2019-04-24 08:25:04

The Indian market is set for a positive start on Wednesday as oil prices slightly recovered and global cues support as Asian shares recovered after robust earnings and the S&P 500 indexes reached record closing highs on Wall Street overnight.

Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran.

On Tuesday, the BSE Sensex settled at 38,565, down 80 points, while the broader NSE Nifty50 ended at 11,576, slipping 18 points. Nifty Midcap was flat while Nifty Smallcap fell 0.6 percent.

At 07:14 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 11,614.50, indicating a positive start for the Sensex and Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust quarterly results. S&P 500 e-mini stock futures were up 0.03 percent at 2,938.75, just short of a record high of 2,944.75 on October 3. Australian shares gained 0.6 percent, while Japan's Nikkei stock index was 0.3 percent higher. Seoul's Kospi was up 0.1 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust quarterly results. S&P 500 e-mini stock futures were up 0.03 percent at 2,938.75, just short of a record high of 2,944.75 on October 3. Australian shares gained 0.6 percent, while Japan's Nikkei stock index was 0.3 percent higher. Seoul's Kospi was up 0.1 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 145.34 points, or 0.55 percent, to 26,656.39, the S&P 500 gained 25.71 points, or 0.88 percent, to 2,933.68 and the Nasdaq Composite added 105.56 points, or 1.32 percent, to 8,120.82. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 145.34 points, or 0.55 percent, to 26,656.39, the S&P 500 gained 25.71 points, or 0.88 percent, to 2,933.68 and the Nasdaq Composite added 105.56 points, or 1.32 percent, to 8,120.82. (Image: Reuters)
3. Markets at close on Tuesday: The Indian market erased gains to end lower on Tuesday, dragged by banking and auto stocks as investors awaited cues from corporate results. Investors also remained cautious ahead of the expiry of derivative contracts this week.<br />The BSE Sensex settled at 38,565, down 80 points, while the broader NSE Nifty50 ended at 11,576, slipping 18 points. (Image: Reuters)
3. Markets at close on Tuesday: The Indian market erased gains to end lower on Tuesday, dragged by banking and auto stocks as investors awaited cues from corporate results. Investors also remained cautious ahead of the expiry of derivative contracts this week.
The BSE Sensex settled at 38,565, down 80 points, while the broader NSE Nifty50 ended at 11,576, slipping 18 points. (Image: Reuters)
4. Crude oil: Brent crude futures were at $74.24 per barrel at 0058 GMT, down 27 cents, or 0.4 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $66.02 per barrel, down 28 cents, or 0.4 percent, from their previous settlement. (Image: Reuters)
4. Crude oil: Brent crude futures were at $74.24 per barrel at 0058 GMT, down 27 cents, or 0.4 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $66.02 per barrel, down 28 cents, or 0.4 percent, from their previous settlement. (Image: Reuters)
5. Rupee: The rupee closed at 69.62, up 5 paise against the US dollar on Tuesday. (Image: Reuters)
5. Rupee: The rupee closed at 69.62, up 5 paise against the US dollar on Tuesday. (Image: Reuters)
6. US Dollar: The US dollar index, which tracks the greenback against a basket of six major rivals, eased 0.03 percent to 97.606. The dollar was down 0.04 percent against the yen to 111.82. (Image: Reuters)
6. US Dollar: The US dollar index, which tracks the greenback against a basket of six major rivals, eased 0.03 percent to 97.606. The dollar was down 0.04 percent against the yen to 111.82. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 237 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 198 crore on April 23. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 237 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 198 crore on April 23. (Image: Reuters)
8. RBI: The Reserve Bank of India (RBI) Monday announced an Rs 25,000 crore liquidity injection through the purchase of government securities in May. The purchase, called open market operations (OMOs), will be undertaken in two equal tranches with the first one on May 2, the central bank said in a statement. It can be noted that the RBI has been using OMOs through the prolonged period of weak liquidity starting FY19 itself and repurchased bonds of over Rs 2.8 lakh crore during the last fiscal year. (Image: Reuters)
8. RBI: The Reserve Bank of India (RBI) Monday announced an Rs 25,000 crore liquidity injection through the purchase of government securities in May. The purchase, called open market operations (OMOs), will be undertaken in two equal tranches with the first one on May 2, the central bank said in a statement. It can be noted that the RBI has been using OMOs through the prolonged period of weak liquidity starting FY19 itself and repurchased bonds of over Rs 2.8 lakh crore during the last fiscal year. (Image: Reuters)
9. US-China trade talks: US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday.
9. US-China trade talks: US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. "The subjects of next week's discussions will cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, purchases, and enforcement," the White House said. (Image: Reuters)
10. Sebi: Markets regulator Sebi has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs). REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers. The minimum value of a single lot should be Rs 1 lakh in the case of InvITs. (Image: Reuters)
10. Sebi: Markets regulator Sebi has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs). REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers. The minimum value of a single lot should be Rs 1 lakh in the case of InvITs. (Image: Reuters)
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