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10 things you need to know before the opening bell on January 13

Updated : 2021-01-13 08:55:16

The Indian market is likely to open on a strong note as SGX Nifty, an early indicator of the opening for Nifty50, was trading 47 points higher at 14,636.20, at 7:41 am, hinting at a positive start for the domestic market.

 1. Wall Street |  Wall Street's stocks fluctuated near unchanged in the session on Tuesday, not far from record highs. However, the shares in smaller companies soared to record highs as investors favored more economically sensitive market segments for their bet on 2021 recovery. The Dow rose 0.19 percent or 60 points to 31,068.69, the S&P 500 gained 0.04 percent or 1.58 points to 3,801.9 and the Nasdaq Composite added 0.28 percent or 36.00 points to 13,072.43.
1. Wall Street | Wall Street's stocks fluctuated near unchanged in the session on Tuesday, not far from record highs. However, the shares in smaller companies soared to record highs as investors favored more economically sensitive market segments for their bet on 2021 recovery. The Dow rose 0.19 percent or 60 points to 31,068.69, the S&P 500 gained 0.04 percent or 1.58 points to 3,801.9 and the Nasdaq Composite added 0.28 percent or 36.00 points to 13,072.43.
 2. Asian Stocks |  Stocks in APAC were mostly higher on Wednesday, tracking modest gains of Wall Street on the prospects of an eventual victory against COVID-19. Japan's Nikkei 225 was trading 0.11 percent higher, while Australia's S&P/ASX 200 was down by 0.1 percent. South Korea's KOSPI was 0.64 percent higher.
2. Asian Stocks | Stocks in APAC were mostly higher on Wednesday, tracking modest gains of Wall Street on the prospects of an eventual victory against COVID-19. Japan's Nikkei 225 was trading 0.11 percent higher, while Australia's S&P/ASX 200 was down by 0.1 percent. South Korea's KOSPI was 0.64 percent higher.
 3. Indian Market |  Indian benchmark equity indices, Sensex and Nifty, recovered from their morning lows to end at record close for the third straight session on Tuesday. Sensex, Nifty, and midcap index were at an all-time highs. The rally was mainly led by PSU banks, auto, and realty sectors. The Sensex closed 248 points higher at 49,517 while Nifty closed at 14,563, 79 points higher. Among sectors, Nifty PSU Bank index surged 6 percent while the realty and auto indices rose 3 and 1 percent, respectively. However, FMCG and Pharma indices were trading in red zone for the day.
3. Indian Market | Indian benchmark equity indices, Sensex and Nifty, recovered from their morning lows to end at record close for the third straight session on Tuesday. Sensex, Nifty, and midcap index were at an all-time highs. The rally was mainly led by PSU banks, auto, and realty sectors. The Sensex closed 248 points higher at 49,517 while Nifty closed at 14,563, 79 points higher. Among sectors, Nifty PSU Bank index surged 6 percent while the realty and auto indices rose 3 and 1 percent, respectively. However, FMCG and Pharma indices were trading in red zone for the day.
 4. Crude Oil |  Oil prices rose on Wednesday, with US Crude gaining for the seventh consecutive day, on the backs of an industry report that showed further drop in inventories. However, investors seem to have shrugged off the developments in the midst of a pandemic. US West Texas Intermediate (WTI) was up by 40 cents or 0.8 percent at $53.61 a barrel. Brent crude was up by 47 cents or 8 percent at $57.05.
4. Crude Oil | Oil prices rose on Wednesday, with US Crude gaining for the seventh consecutive day, on the backs of an industry report that showed further drop in inventories. However, investors seem to have shrugged off the developments in the midst of a pandemic. US West Texas Intermediate (WTI) was up by 40 cents or 0.8 percent at $53.61 a barrel. Brent crude was up by 47 cents or 8 percent at $57.05.
 5. Rupee |  The Indian currency recouped its early losses and closed 15 paise higher at 73.25 against the USD on Tuesday. The rise was supported by weak greenback overseas and a recovery in domestic equities. At the interbank forex market, the domestic unit recovered after opening weak at 73.42. It finally closed at 73.25, 15 paise more than its previous close.
5. Rupee | The Indian currency recouped its early losses and closed 15 paise higher at 73.25 against the USD on Tuesday. The rise was supported by weak greenback overseas and a recovery in domestic equities. At the interbank forex market, the domestic unit recovered after opening weak at 73.42. It finally closed at 73.25, 15 paise more than its previous close.
 6. November IIP Data |  The Index of Industrial Production (IIP) contracted 1.9 percent in November 2020. CNBC-TV18 Poll predicted a contraction of 0.9 percent. Mining and Manufacturing sector contracted by 7.3 and 1.7 percent, while Electricity and Infra sector expanded by 3.5 and 0.7 percent.
6. November IIP Data | The Index of Industrial Production (IIP) contracted 1.9 percent in November 2020. CNBC-TV18 Poll predicted a contraction of 0.9 percent. Mining and Manufacturing sector contracted by 7.3 and 1.7 percent, while Electricity and Infra sector expanded by 3.5 and 0.7 percent.
 7. December CPI Data |  The Consumer Price Index (CPI) declined to 4.59 percent in December, below RBI's target range of 2 to 6 percent. In November, CPI was 6.93 percent. CPI Combined Food Price Inflation declined to 3.41 percent as compared to 9.43 percent MoM.
7. December CPI Data | The Consumer Price Index (CPI) declined to 4.59 percent in December, below RBI's target range of 2 to 6 percent. In November, CPI was 6.93 percent. CPI Combined Food Price Inflation declined to 3.41 percent as compared to 9.43 percent MoM.
8. Farm Laws Stayed | Supreme Court has suspended the implementation of agri bills until further notice. CJI said the suspension is indefinite and should go before a proposed committee to seek a solution. SC has set up a four-member committee that comprises of Bhupinder Singh Mann of the Bharatiya Kisan Union, Anil Ghanwat of Shetkari Sanghatana, Pramod Kumar Joshi from the International Food Policy Research Institute and Agricultural Economist Ashok Gulati.
8. Farm Laws Stayed | Supreme Court has suspended the implementation of agri bills until further notice. CJI said the suspension is indefinite and should go before a proposed committee to seek a solution. SC has set up a four-member committee that comprises of Bhupinder Singh Mann of the Bharatiya Kisan Union, Anil Ghanwat of Shetkari Sanghatana, Pramod Kumar Joshi from the International Food Policy Research Institute and Agricultural Economist Ashok Gulati.
9. NPCI Data | According to the latest data, the top, bottom, and middle segment of the population makes payment digitally. The payments industry added one-third of its users during the lockdown. 14 percent of those who do not use digital payment apps said they'd like to use it. While the demand is large, supply has some limitations. There is also some awareness gap in understanding the interoperability of UPI and its safety aspects.
9. NPCI Data | According to the latest data, the top, bottom, and middle segment of the population makes payment digitally. The payments industry added one-third of its users during the lockdown. 14 percent of those who do not use digital payment apps said they'd like to use it. While the demand is large, supply has some limitations. There is also some awareness gap in understanding the interoperability of UPI and its safety aspects.
10. Vaccines | Serum Institute of India and Bharat Biotech began the delivery of their vaccines to states across the country yesterday, four days ahead of the final rollout. About 3 crore healthcare and frontline workers will be the first ones to receive these vaccine, beginning the 16th of January. The health ministry has confirmed that people will not have the option of choosing between Covishield and Covaxin. (Image: AP)
10. Vaccines | Serum Institute of India and Bharat Biotech began the delivery of their vaccines to states across the country yesterday, four days ahead of the final rollout. About 3 crore healthcare and frontline workers will be the first ones to receive these vaccine, beginning the 16th of January. The health ministry has confirmed that people will not have the option of choosing between Covishield and Covaxin. (Image: AP)
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