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10 things you need to know before the opening bell on July 12

Updated : 2019-07-12 07:35:40

Indian shares are set for a mixed start on Friday following muted global cues and ahead of US-India trade talks beginning today. Asian shares edged lower over US-China trade concerns and ahead of the release of China’s June macroeconomic data. At 7.30 AM, the SGX Nifty traded 0.10 percent lower, pointing to a flat opening for the Sensex and the Nifty 50.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.05 percent in early deals, with Australian shares dipping 0.16 percent and Japan's Nikkei stock index trimming 0.11 percent. (Image: AP)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.05 percent in early deals, with Australian shares dipping 0.16 percent and Japan's Nikkei stock index trimming 0.11 percent. (Image: AP)
2. US: The Dow Jones Industrial Average rose 227.88 points, or 0.85 percent, to 27,088.08, the S&P 500 gained 6.84 points, or 0.23 percent, to 2,999.91 and the Nasdaq Composite dropped 6.49 points, or 0.08 percent, to 8,196.04. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 227.88 points, or 0.85 percent, to 27,088.08, the S&P 500 gained 6.84 points, or 0.23 percent, to 2,999.91 and the Nasdaq Composite dropped 6.49 points, or 0.08 percent, to 8,196.04. (Image: Reuters)
3. Markets At Close On Thursday: Indian benchmark indices ended higher on Thursday, driven by gains in metals, autos, and financials. The Sensex ended 266 points higher at 38,823, while the broader Nifty50 index added 84 points to end at 11,583. (Image: Reuters)
3. Markets At Close On Thursday: Indian benchmark indices ended higher on Thursday, driven by gains in metals, autos, and financials. The Sensex ended 266 points higher at 38,823, while the broader Nifty50 index added 84 points to end at 11,583. (Image: Reuters)
4. Crude Oil: Brent crude futures were up 37 cents, or 0.6 percent, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7 percent on Thursday after hitting its highest since May 30 at $67.52 a barrel. US West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6 percent, at $60.54 a barrel. The US benchmark closed 0.38 percent lower on Thursday after marking its highest since May 23 at $60.94. (Image: Reuters)
4. Crude Oil: Brent crude futures were up 37 cents, or 0.6 percent, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7 percent on Thursday after hitting its highest since May 30 at $67.52 a barrel. US West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6 percent, at $60.54 a barrel. The US benchmark closed 0.38 percent lower on Thursday after marking its highest since May 23 at $60.94. (Image: Reuters)
5. Currency: Indian rupee rose 12 paise, closing at 68.44, an 11-month high, against the US dollar on Thursday. The dollar index, which tracks the greenback against a basket of six major rivals, was flat at 97.044. (Image: Stock)
5. Currency: Indian rupee rose 12 paise, closing at 68.44, an 11-month high, against the US dollar on Thursday. The dollar index, which tracks the greenback against a basket of six major rivals, was flat at 97.044. (Image: Stock)
6. RBI Survey: A RBI showed that housing affordability has worsened in four years with Mumbai being the least affordable. The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey (RAPMS) since July 2010 on housing loans disbursed by select banks and housing finance companies (HFCs) across 13 cities. (Image: Stock)
6. RBI Survey: A RBI showed that housing affordability has worsened in four years with Mumbai being the least affordable. The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey (RAPMS) since July 2010 on housing loans disbursed by select banks and housing finance companies (HFCs) across 13 cities. (Image: Stock)
7. US-India Trade Talks: India and US trade negotiators will meet today, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners. US President Donald Trump has been putting pressure on India to do more to open its markets, saying this week again on Twitter its high tariffs were
7. US-India Trade Talks: India and US trade negotiators will meet today, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners. US President Donald Trump has been putting pressure on India to do more to open its markets, saying this week again on Twitter its high tariffs were "unacceptable". (Image: Reuters)
8. FIIs and DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 317 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 720 crore on July 11. (Image: Stock)
8. FIIs and DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 317 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 720 crore on July 11. (Image: Stock)
9. Tenancy Law: The Narendra Modi government has finally come out with a draft model tenancy law which proposes to set up an independent authority in every state for the registration of all tenancy agreements, and a separate court for resolving tenancy-related disputes. The proposed law also has a provision to cap rent rates, and thus check any irregular hikes. States, which will be free to adopt the law owing to land being state subject, will be required to constitute rent courts and rent tribunal, it stated. (Image: Stock)
9. Tenancy Law: The Narendra Modi government has finally come out with a draft model tenancy law which proposes to set up an independent authority in every state for the registration of all tenancy agreements, and a separate court for resolving tenancy-related disputes. The proposed law also has a provision to cap rent rates, and thus check any irregular hikes. States, which will be free to adopt the law owing to land being state subject, will be required to constitute rent courts and rent tribunal, it stated. (Image: Stock)
10. US-China Trade Tension: US President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers as the world's two largest economies work to resolve a trade dispute. (Image: Reuters)
10. US-China Trade Tension: US President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers as the world's two largest economies work to resolve a trade dispute. (Image: Reuters)
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