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

Updated : 2020-07-13 08:19:43

The Indian market is likely to open higher on Monday following gains in Asian peers. At 8:10 am, the SGX Nifty traded 68 points higher at 10,841, indicating a positive start for the Sensex and the Nifty50.

1. Asia: Stocks in Asia traded higher on Monday morning as investors shrugged off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.47 percent in the early morning trade while the Topix index also edged higher 1.55 percent. South Korea’s Kospi gained 1.12 percent. Meanwhile, Australia’s S&P/ASX 200 added 0.87 percent while the overall, the MSCI Asia ex-Japan index traded 0.49 percent higher., reported CNBC International. (Image: Reuters)
1. Asia: Stocks in Asia traded higher on Monday morning as investors shrugged off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.47 percent in the early morning trade while the Topix index also edged higher 1.55 percent. South Korea’s Kospi gained 1.12 percent. Meanwhile, Australia’s S&P/ASX 200 added 0.87 percent while the overall, the MSCI Asia ex-Japan index traded 0.49 percent higher., reported CNBC International. (Image: Reuters)
2. US: Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida. Futures on the Dow Jones Industrial Average gained about 65 points, pointing to a 90-point gain at Monday’s open. The S&P 500 futures and the Nasdaq 100 futures rose about 0.2 percent and 0.4 percent, respectively, reported CNBC International. (Image: Reuters)
2. US: Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida. Futures on the Dow Jones Industrial Average gained about 65 points, pointing to a 90-point gain at Monday’s open. The S&P 500 futures and the Nasdaq 100 futures rose about 0.2 percent and 0.4 percent, respectively, reported CNBC International. (Image: Reuters)
3. Market At Close On Friday: Indian shares fell on Friday as a relentless surge in domestic coronavirus cases threatened to disrupt an economic recovery, with financials falling the most. However, gains in pharmaceuticals, FMCG and heavyweight Reliance Industries helped limit losses. The Sensex ended 143 points lower at 36,594 while the Nifty lost 45 points to settle at 10,768. The indices witnessed their fourth straight week of gains, up around 1.5 percent each after a rally driven by a liquidity flush and hopes for a COVID-19 vaccine. (Image: Reuters)
3. Market At Close On Friday: Indian shares fell on Friday as a relentless surge in domestic coronavirus cases threatened to disrupt an economic recovery, with financials falling the most. However, gains in pharmaceuticals, FMCG and heavyweight Reliance Industries helped limit losses. The Sensex ended 143 points lower at 36,594 while the Nifty lost 45 points to settle at 10,768. The indices witnessed their fourth straight week of gains, up around 1.5 percent each after a rally driven by a liquidity flush and hopes for a COVID-19 vaccine. (Image: Reuters)
4. Crude Oil: Oil prices climbed more than 2 percent on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Brent crude was up 90 cents, or 2.2 percent, at $43.25 a barrel, and U.S. oil settled up 93 cents, or 2.3 percent, to $40.55 a barrel. (Image: AP)
4. Crude Oil: Oil prices climbed more than 2 percent on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Brent crude was up 90 cents, or 2.2 percent, at $43.25 a barrel, and U.S. oil settled up 93 cents, or 2.3 percent, to $40.55 a barrel. (Image: AP)
5. Rupee  Close: The Indian currency pared some initial gains on Friday to settle higher amidst weakness in the greenback and gains in the domestic equity market. Forex traders said positive domestic equities and weak US currency supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment. The rupee opened at 74.94 against the US dollar, but settled at 74.99 against the US dollar, as compared to Thursday's close of 75.02. (Image: Reuters)
5. Rupee  Close: The Indian currency pared some initial gains on Friday to settle higher amidst weakness in the greenback and gains in the domestic equity market. Forex traders said positive domestic equities and weak US currency supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment. The rupee opened at 74.94 against the US dollar, but settled at 74.99 against the US dollar, as compared to Thursday's close of 75.02. (Image: Reuters)
6. India In Talks With EU For A Trade Deal, Says Piyush Goyal: India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister said on Saturday, as Asia's third-largest economy looks for new markets for its products. Piyush Goyal said that India is open to engage with the UK for a preferential trade agreement with the ultimate goal of a free trade agreement. He is also in dialogue with the European Union's trade commissioner for a deal that could start with a preferential trade agreement. He added that the ultimate goal here too would be to have a free trade agreement. (Image: PTI)
6. India In Talks With EU For A Trade Deal, Says Piyush Goyal: India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister said on Saturday, as Asia's third-largest economy looks for new markets for its products. Piyush Goyal said that India is open to engage with the UK for a preferential trade agreement with the ultimate goal of a free trade agreement. He is also in dialogue with the European Union's trade commissioner for a deal that could start with a preferential trade agreement. He added that the ultimate goal here too would be to have a free trade agreement. (Image: PTI)
7. RBI Governor Says PSU Recapitalisation
7. RBI Governor Says PSU Recapitalisation "Absolutely Necessary": The Reserve Bank of India Governor Shaktikanta Das today said that the possibility of rising bad loans and increasing vulnerabilities in the financial sector is inevitable, given with the COVID19 outbreak. The key, however, would be how banks and other financial institutions respond to this crisis, Das said. “The global financial crisis of 2008-09 and the COVID-19 pandemic have dispelled the notion that tail risks to the financial system will materialise only rarely,” the Governor said in his address at the SBI Conclave. (Image: AP)
8. Govt Asks Court To Stymie Potential Challenge To Chinese App Ban: The union government has petitioned the Rajasthan High Court to stop any of the Chinese companies whose 59 apps it recently banned from obtaining an injunction to block the order, according to two sources and the legal filing.Two sources with direct knowledge of the filing said the government had presented a so-called caveat in the Rajasthan High Court, suggesting it expects one or more of the companies to challenge the Ministry of Electronics and Information Technology's ban. Such caveats are typically filed to prevent a ruling in favour of companies without hearing the government, Indian lawyers said. The filing, which one of the sources said was presented on Friday, has not previously been reported. (Image: Reuters)
8. Govt Asks Court To Stymie Potential Challenge To Chinese App Ban: The union government has petitioned the Rajasthan High Court to stop any of the Chinese companies whose 59 apps it recently banned from obtaining an injunction to block the order, according to two sources and the legal filing.Two sources with direct knowledge of the filing said the government had presented a so-called caveat in the Rajasthan High Court, suggesting it expects one or more of the companies to challenge the Ministry of Electronics and Information Technology's ban. Such caveats are typically filed to prevent a ruling in favour of companies without hearing the government, Indian lawyers said. The filing, which one of the sources said was presented on Friday, has not previously been reported. (Image: Reuters)
9. PM Modi On Global Market For Clean Energy: India has emerged as the most attractive global market for clean energy, Prime Minister Narendra Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country.
9. PM Modi On Global Market For Clean Energy: India has emerged as the most attractive global market for clean energy, Prime Minister Narendra Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. "Solar energy is sure, pure and secure and the country is now among the top five solar power producers in the world," he said. The Rewa solar power plant will not only supply power to Madhya Pradesh, but also to the Delhi Metro, Modi said. Modi said self-reliance in electricity is integral for 'Aatmanirbhar Bharat', adding solar energy will play an integral part in achieving this objective. (Image: Reuters)
10. Gold ETFs Attract Rs 3,500 Crore In H1FY20: Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the COVID-19 crisis. In comparison, investors had pulled out Rs 160 crore from this asset class in January-June 2019, according to the latest data available with the Association of Mutual Funds in India (Amfi). The category has been one of the better-performing ones since last year. Since August 2019, gold exchange-traded funds (ETFs) have received net inflows of Rs 3,723 crore. (Image: Reuters)
10. Gold ETFs Attract Rs 3,500 Crore In H1FY20: Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the COVID-19 crisis. In comparison, investors had pulled out Rs 160 crore from this asset class in January-June 2019, according to the latest data available with the Association of Mutual Funds in India (Amfi). The category has been one of the better-performing ones since last year. Since August 2019, gold exchange-traded funds (ETFs) have received net inflows of Rs 3,723 crore. (Image: Reuters)
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