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10 things you need to know before the opening bell on April 30

Updated : April 30, 2019 07:43 AM IST

Indian shares are set to open lower on Tuesday following losses in Asia as investors await the US Federal Reserve’s policy decision this week for clues of whether it will continue to take a "patient" approach to interest rate policy.

Indian markets were closed on Monday on account of the voting day in Mumbai. On Friday, benchmark indices reversed gains and ended around 0.8 percent higher amid rising crude oil prices. The Sensex rose 336.47 points to 39,067.33 and the Nifty50 gained 112.90 points to 11,754.70 amid rising crude oil prices.

At 7.30 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 38.5 points at 11,831, indicating a tepid start for the Sensex and Nifty.

1. Asia: MSCI's broadest gauge of Asia-Pacific shares outside Japan was off 0.1 percent, weighed by weakness in Korean shares, which fell 0.4 percent. Australian equities fell 0.3 percent, while New Zealand's benchmark S&P/NZX 50 index rose 0.3 percent. (Image: Reuters)
1. Asia: MSCI's broadest gauge of Asia-Pacific shares outside Japan was off 0.1 percent, weighed by weakness in Korean shares, which fell 0.4 percent. Australian equities fell 0.3 percent, while New Zealand's benchmark S&P/NZX 50 index rose 0.3 percent. (Image: Reuters)
2. US: The Dow Jones rose 11.06 points, or 0.04 percent, to 26,554.39, the S&P 500 set an intra-day record high and gained 3.15 points, or 0.11 percent, to 2,943.03. Nasdaq Composite added 15.46 points, or 0.19 percent, to 8,161.85.. (Image: Reuters)
2. US: The Dow Jones rose 11.06 points, or 0.04 percent, to 26,554.39, the S&P 500 set an intra-day record high and gained 3.15 points, or 0.11 percent, to 2,943.03. Nasdaq Composite added 15.46 points, or 0.19 percent, to 8,161.85.. (Image: Reuters)
3. Markets At Close On Friday: Indian markets were closed on Monday on account of voting day in Mumbai. Indian equity benchmarks saw later buying on April 26. Sensex rose 336.47 points to 39,067.33 and the Nifty50 gained 112.90 points to 11,754.70 amid rising crude oil prices. (Image: Reuters)
3. Markets At Close On Friday: Indian markets were closed on Monday on account of voting day in Mumbai. Indian equity benchmarks saw later buying on April 26. Sensex rose 336.47 points to 39,067.33 and the Nifty50 gained 112.90 points to 11,754.70 amid rising crude oil prices. (Image: Reuters)
4. Crude Oil: Oil prices dipped on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from US sanctions on Iran, but analysts said markets remained tight. Brent crude futures were at $71.86 per barrel at 0103 GMT, down 18 cents, or 0.3 percent, from their last close. US WTI crude futures were at $63.42 per barrel, down 8 cents from their previous settlement. (Image: Reuters)
4. Crude Oil: Oil prices dipped on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from US sanctions on Iran, but analysts said markets remained tight. Brent crude futures were at $71.86 per barrel at 0103 GMT, down 18 cents, or 0.3 percent, from their last close. US WTI crude futures were at $63.42 per barrel, down 8 cents from their previous settlement. (Image: Reuters)
5. Rupee: The rupee on Thursday rebounded by 23 paise to close at 70.02 against the US dollar on Friday. (Image: Reuters)
5. Rupee: The rupee on Thursday rebounded by 23 paise to close at 70.02 against the US dollar on Friday. (Image: Reuters)
6. US Dollar: Against a basket of currencies, the dollar was 0.2 percent down on Monday at 97.84. The dollar was down at 111.81 yen, after shedding 0.2 percent overnight after US consumer spending rose in March and inflation data was benign. (Image: Reuters)
6. US Dollar: Against a basket of currencies, the dollar was 0.2 percent down on Monday at 97.84. The dollar was down at 111.81 yen, after shedding 0.2 percent overnight after US consumer spending rose in March and inflation data was benign. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 71 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 921 crore on April 26. (Image: Stock Image)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 71 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 921 crore on April 26. (Image: Stock Image)
8. Federal Reserve Policy Meeting: The Fed Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected US economic growth against sluggish inflation. Officials have given no signal in recent weeks of any change to the US central bank’s benchmark overnight lending rate, currently set in a range of 2.25 percent to 2.50 percent. (Image: Reuters)
8. Federal Reserve Policy Meeting: The Fed Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected US economic growth against sluggish inflation. Officials have given no signal in recent weeks of any change to the US central bank’s benchmark overnight lending rate, currently set in a range of 2.25 percent to 2.50 percent. (Image: Reuters)
 9. Supreme Court On RBI: The Supreme Court on Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, saying
 9. Supreme Court On RBI: The Supreme Court on Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, saying "it is duty bound under the law". The bench, which did not go ahead with contempt proceedings against the RBI, made it clear that it was giving a last opportunity to it to comply with provisions of the transparency law. (Image: Reuters)
10. RBI Resolution On Stressed Assets: The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on the issuance of a revised framework for resolution of stressed assets by the Reserve Bank and the guidelines are expected to be announced before May 23, sources said. Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon, they said. (Image: Reuters)
10. RBI Resolution On Stressed Assets: The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on the issuance of a revised framework for resolution of stressed assets by the Reserve Bank and the guidelines are expected to be announced before May 23, sources said. Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon, they said. (Image: Reuters)
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