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10 things you need to know before the opening bell on August 27

Updated : 2019-08-27 07:26:15

Indian shares are set to open higher on Tuesday on the twin effect of RBI approving transfer of Rs 1.76 lakh crore surplus to the government, and a slew of government measures to revive the economy. At 6:55 AM, the Nifty futures traded 0.16 percent higher at 11,070, indicating a positive start for the Sensex and the Nifty.

1. Asia: Asian stocks tracked global peers on Tuesday while safe-haven bonds sold off as signs Sino-US trade hostilities might be easing helped restore investor confidence after the previous session's rout, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after dropping 1.3 percent the previous day. South Korea's KOSPI added 0.8 percent and Japan's Nikkei rose 1 percent. (Image: Reuters)
1. Asia: Asian stocks tracked global peers on Tuesday while safe-haven bonds sold off as signs Sino-US trade hostilities might be easing helped restore investor confidence after the previous session's rout, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after dropping 1.3 percent the previous day. South Korea's KOSPI added 0.8 percent and Japan's Nikkei rose 1 percent. (Image: Reuters)
2. US: A global gauge of equities edged higher on Monday and the dollar rebounded after US President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, said Reuters. On Wall Street, the Dow Jones Industrial Average rose 269.93 points, or 1.05 percent, to 25,898.83, the S&P 500 gained 31.27 points, or 1.10 percent, to 2,878.38 and the Nasdaq Composite added 101.97 points, or 1.32 percent, to 7,853.74. (Image: Reuters)
2. US: A global gauge of equities edged higher on Monday and the dollar rebounded after US President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, said Reuters. On Wall Street, the Dow Jones Industrial Average rose 269.93 points, or 1.05 percent, to 25,898.83, the S&P 500 gained 31.27 points, or 1.10 percent, to 2,878.38 and the Nasdaq Composite added 101.97 points, or 1.32 percent, to 7,853.74. (Image: Reuters)
3. Markets At Close On Monday: Equity benchmark indices settled Monday's trade with sharp gains posting the biggest single-day gain in three months, boosted by the government's attempts to revive the economy. The 30-share benchmark Sensex settled 793 points higher, or 2.16 percent up, at 37,494. The broader 50-share NSE index also ended higher at 11,058, up 228.50 points, or 2.11 percent. Meanwhile, foreign institutional investors sold Rs 753 crore in the cash market while domestic institutional investors bought Rs 1,272 crore. (Image: Reuters)
3. Markets At Close On Monday: Equity benchmark indices settled Monday's trade with sharp gains posting the biggest single-day gain in three months, boosted by the government's attempts to revive the economy. The 30-share benchmark Sensex settled 793 points higher, or 2.16 percent up, at 37,494. The broader 50-share NSE index also ended higher at 11,058, up 228.50 points, or 2.11 percent. Meanwhile, foreign institutional investors sold Rs 753 crore in the cash market while domestic institutional investors bought Rs 1,272 crore. (Image: Reuters)
4. Currency: The rupee on Monday declined by 36 paise to close below the 72 level against the US currency for the first time in nine months, hit by a 'flash crash' in global currencies due to uncertainty over the trade front. The rupee settled down by 36 paise at 72.02 to the US dollar, the lowest closing level since November 14, 2018, even as equities spurted more than 700 points at close on stimulus measures. (Image: Reuters)
4. Currency: The rupee on Monday declined by 36 paise to close below the 72 level against the US currency for the first time in nine months, hit by a 'flash crash' in global currencies due to uncertainty over the trade front. The rupee settled down by 36 paise at 72.02 to the US dollar, the lowest closing level since November 14, 2018, even as equities spurted more than 700 points at close on stimulus measures. (Image: Reuters)
5. Crude Oil: Oil prices rose on Tuesday after US President Donald Trump said he expected to sign a trade deal with China, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling, reported Reuters. Brent crude was up by 27 cents, or 0.5 percent, at $58.97 a barrel by 0024 GMT, after falling 1 percent the previous session, dropping for a third day in a row. US crude was up by 23 cents or 0.4 percent at $$53.87 a barrel, having also dropped 1 percent on Monday for the fourth day of declines. (Image: AP)
5. Crude Oil: Oil prices rose on Tuesday after US President Donald Trump said he expected to sign a trade deal with China, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling, reported Reuters. Brent crude was up by 27 cents, or 0.5 percent, at $58.97 a barrel by 0024 GMT, after falling 1 percent the previous session, dropping for a third day in a row. US crude was up by 23 cents or 0.4 percent at $$53.87 a barrel, having also dropped 1 percent on Monday for the fourth day of declines. (Image: AP)
6. RBI Transfers Money To Government: The central board of the Reserve Bank of India on Monday approved a transfer of Rs 1.76 lakh crores surplus to the government as dividend, the highest ever dividend doled out by the central bank in its history. In a press release, the RBI said, “The Central Board of the Reserve Bank of India (RBI) today decided to transfer a sum of Rs 1,76,051 crore to the Government comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board today.” (Image: Reuters)
6. RBI Transfers Money To Government: The central board of the Reserve Bank of India on Monday approved a transfer of Rs 1.76 lakh crores surplus to the government as dividend, the highest ever dividend doled out by the central bank in its history. In a press release, the RBI said, “The Central Board of the Reserve Bank of India (RBI) today decided to transfer a sum of Rs 1,76,051 crore to the Government comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board today.” (Image: Reuters)
7. DBS Expects More Measures From FM: The government may announce two more tranches of support measures over the next fortnight, following last week's economy-boosting package unveiled by Finance Minister Nirmala Sitharaman, according to a report by DBS.  (Image: Reuters)
7. DBS Expects More Measures From FM: The government may announce two more tranches of support measures over the next fortnight, following last week's economy-boosting package unveiled by Finance Minister Nirmala Sitharaman, according to a report by DBS.  (Image: Reuters)
8. FICCI Survey On India's GDP: India's economy will grow at a median rate of 6 percent during the first quarter of the current financial year ended June 30, according to a Ficci report. The country's economy grew at 8.2 percent in April-June 2018-19. The growth numbers for the first quarter are expected to be released by the Central Statistics Office next week. It pegged the annual median GDP growth forecast for 2019-20 at 6.9 percent, with a minimum and maximum estimate of 6.7 percent and 7.2 percent, respectively. (Image: Reuters)
8. FICCI Survey On India's GDP: India's economy will grow at a median rate of 6 percent during the first quarter of the current financial year ended June 30, according to a Ficci report. The country's economy grew at 8.2 percent in April-June 2018-19. The growth numbers for the first quarter are expected to be released by the Central Statistics Office next week. It pegged the annual median GDP growth forecast for 2019-20 at 6.9 percent, with a minimum and maximum estimate of 6.7 percent and 7.2 percent, respectively. (Image: Reuters)
9. Gold Prices Hit All-time High: Rising for the fifth consecutive day, gold prices on Monday again surpassed its previous high by surging Rs 675 to Rs 39,670 per 10 gram in the national capital, according to the All India Sarafa Association, mainly due to a weaker rupee and strong global trend. Gold prices have been hitting a fresh high everyday since August 20. Silver also soared Rs 1,450 to Rs 46,550 per kg on fresh offtake by industrial units and coin makers. (Image: Reuters)
9. Gold Prices Hit All-time High: Rising for the fifth consecutive day, gold prices on Monday again surpassed its previous high by surging Rs 675 to Rs 39,670 per 10 gram in the national capital, according to the All India Sarafa Association, mainly due to a weaker rupee and strong global trend. Gold prices have been hitting a fresh high everyday since August 20. Silver also soared Rs 1,450 to Rs 46,550 per kg on fresh offtake by industrial units and coin makers. (Image: Reuters)
10. Retail Investors Lapping Up Corporate Debt: The mayhem in equities market and<br />falling deposit rates have retail investors lapping up corporate debt like never before, if the overwhelming response to the recent/ongoing NCD issues from NBFCs, which are facing one of the worst liquidity crisis ever, is any indication. This shows that retail investors' confidence in NBFCs have not been deterred by the risks facing the sector<br />following defaults by IL&FS, DHFL and Reliance Home Finance, show the subscription data. (Image: Reuters)
10. Retail Investors Lapping Up Corporate Debt: The mayhem in equities market and
falling deposit rates have retail investors lapping up corporate debt like never before, if the overwhelming response to the recent/ongoing NCD issues from NBFCs, which are facing one of the worst liquidity crisis ever, is any indication. This shows that retail investors' confidence in NBFCs have not been deterred by the risks facing the sector
following defaults by IL&FS, DHFL and Reliance Home Finance, show the subscription data. (Image: Reuters)
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