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CNBC-TV18 Opening Bell: 10 things you need to know

Updated : 2019-08-14 08:14:30

Indian shares are likely to open higher on Wednesday supported by a rally in global stock markets and after retail inflation data boosted chances of a rate cut. Asian shares advanced after the US delayed tariffs on some Chinese imports. At 7.10 AM, the SGX Nifty futures traded 38 points, or 0.35 percent, higher at 10,958.50, indicating a positive start for the Sensex and the Nifty.

1. Asia: Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil, reported Reuters. Japan’s Nikkei average jumped 1.14 percent in early trade, while Australian stocks rose and South Korea's Kospi  gained 1.37  percent. (Image: Reuters)
1. Asia: Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil, reported Reuters. Japan’s Nikkei average jumped 1.14 percent in early trade, while Australian stocks rose and South Korea's Kospi  gained 1.37  percent. (Image: Reuters)
2. US:  U.S. stocks jumped, the dollar strengthened and Treasury yields rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth, reported Reuters. The Dow Jones Industrial Average rose 372.54 points, or 1.44 percent, to 26,279.91. The S&P 500 gained 42.57 points, or 1.48 percent, to 2,926.32. The Nasdaq Composite added 152.95 points, or 1.95 percent, to 8,016.36. (Image: Reuters)
2. US:  U.S. stocks jumped, the dollar strengthened and Treasury yields rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth, reported Reuters. The Dow Jones Industrial Average rose 372.54 points, or 1.44 percent, to 26,279.91. The S&P 500 gained 42.57 points, or 1.48 percent, to 2,926.32. The Nasdaq Composite added 152.95 points, or 1.95 percent, to 8,016.36. (Image: Reuters)
3. Markets At Close On Tuesday: Equity benchmarks indices fell lower by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Investors remained jittery over domestic macro challenges amid slowing down of the economy and falling consumer demand in various sectors. After diving nearly 700 points in the fag-end of the session, the 30-share Sensex settled 623.75 points, or 1.66 percent, lower at 36,958.16. NSE Nifty slumped 183.80 points, or 1.65 percent, to 10,925.85. Meanwhile, foreign institutional investors sold Rs 638 crore in cash market while domestic institutional investors bought Rs 202 crore on net basis.  (Image: Reuters)
3. Markets At Close On Tuesday: Equity benchmarks indices fell lower by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Investors remained jittery over domestic macro challenges amid slowing down of the economy and falling consumer demand in various sectors. After diving nearly 700 points in the fag-end of the session, the 30-share Sensex settled 623.75 points, or 1.66 percent, lower at 36,958.16. NSE Nifty slumped 183.80 points, or 1.65 percent, to 10,925.85. Meanwhile, foreign institutional investors sold Rs 638 crore in cash market while domestic institutional investors bought Rs 202 crore on net basis.  (Image: Reuters)
4. Currency: The rupee plunged 62 paise on Tuesday to close at a nearly six-month low of 71.40 against the US dollar in line with battered equities as global market turmoil and Argentine currency crash drove investors to safe havens. (Image: Reuters)
4. Currency: The rupee plunged 62 paise on Tuesday to close at a nearly six-month low of 71.40 against the US dollar in line with battered equities as global market turmoil and Argentine currency crash drove investors to safe havens. (Image: Reuters)
5. Crude Oil: Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. Brent crude was down 35 cents, or 0.6 percent, at $60.95 a barrel at 0116 GMT. U.S. oil was down 46 cents, or 0.8 percent, at $56.64 a barrel. (Image: Reuters)
5. Crude Oil: Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. Brent crude was down 35 cents, or 0.6 percent, at $60.95 a barrel at 0116 GMT. U.S. oil was down 46 cents, or 0.8 percent, at $56.64 a barrel. (Image: Reuters)
6. Retail Inflation Data: The retail inflation eased marginally to 3.15 percent in July on the back of softening fuel and light prices even as overall food prices moved up, showed government data on Tuesday, leaving room for the Reserve Bank to go for another round of rate cut in October. Retail inflation was 3.18 percent in June 2019, while it stood at 4.17 percent in the year-ago period (July 2018). (Image: Reuters)
6. Retail Inflation Data: The retail inflation eased marginally to 3.15 percent in July on the back of softening fuel and light prices even as overall food prices moved up, showed government data on Tuesday, leaving room for the Reserve Bank to go for another round of rate cut in October. Retail inflation was 3.18 percent in June 2019, while it stood at 4.17 percent in the year-ago period (July 2018). (Image: Reuters)
7. Housing Finance Companies As NBFCs: The Reserve Bank on Tuesday said housing finance companies (HFCs) will be treated as one of the categories of NBFCs for regulatory purposes and it will come under its direct oversight. The Finance (No 2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987, conferring certain powers for regulation of Housing Finance Companies (HFC) with Reserve Bank of India, it said in a release. (stock image)
7. Housing Finance Companies As NBFCs: The Reserve Bank on Tuesday said housing finance companies (HFCs) will be treated as one of the categories of NBFCs for regulatory purposes and it will come under its direct oversight. The Finance (No 2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987, conferring certain powers for regulation of Housing Finance Companies (HFC) with Reserve Bank of India, it said in a release. (stock image)
8. RBI On Priority Sector Lending: The RBI on Tuesday said on-lending by registered NBFCs (other than MFIs) towards agriculture, MSEs and housing sector up to prescribed limits will be treated as priority sector loans. The Reserve Bank said it is being done in order to boost credit to the needy segment of borrowers. As per the revised norms, on-lending by NBFCs for 'term lending' component under agriculture will be allowed up to Rs 10 lakh per borrower. (Image: Reuters)
8. RBI On Priority Sector Lending: The RBI on Tuesday said on-lending by registered NBFCs (other than MFIs) towards agriculture, MSEs and housing sector up to prescribed limits will be treated as priority sector loans. The Reserve Bank said it is being done in order to boost credit to the needy segment of borrowers. As per the revised norms, on-lending by NBFCs for 'term lending' component under agriculture will be allowed up to Rs 10 lakh per borrower. (Image: Reuters)
9. Investor Wealth On Tuesday:  Investor wealth dropped by over Rs 2.21 lakh crore on Tuesday after the BSE benchmark tumbled 624 points amid sell-off in global equities and domestic front-line companies. At close of trade, the market capitalisation of BSE-listed companies tumbled Rs 2,21,837.81 crore to Rs 1,39,46,997.40 crore.  (stock image)
9. Investor Wealth On Tuesday:  Investor wealth dropped by over Rs 2.21 lakh crore on Tuesday after the BSE benchmark tumbled 624 points amid sell-off in global equities and domestic front-line companies. At close of trade, the market capitalisation of BSE-listed companies tumbled Rs 2,21,837.81 crore to Rs 1,39,46,997.40 crore.  (stock image)
10. Banks Report NPA Reduction: More than half of the bankers have reported a reduction in bad loans and sought capital infusion in public sector lenders as well as steps to address stress in the NBFC segment, a survey by industry body Ficci said on Tuesday. The participating banks in the survey, conducted during January to June 2019, also suggested that the government should simplify GST framework and lower GST rates to enhance tax compliance. (Image: Reuters)
10. Banks Report NPA Reduction: More than half of the bankers have reported a reduction in bad loans and sought capital infusion in public sector lenders as well as steps to address stress in the NBFC segment, a survey by industry body Ficci said on Tuesday. The participating banks in the survey, conducted during January to June 2019, also suggested that the government should simplify GST framework and lower GST rates to enhance tax compliance. (Image: Reuters)
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