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10 things you need to know before the opening bell on July 18

Updated : 2019-07-18 07:19:34

Indian shares are set to open lower on Thursday, tracking weak Asian markets, as concerns over the US-China trade war are likely to weigh on investors' risk appetite. Trading will also be cautious amid the ongoing first-quarter earnings season and continued selling by foreign investors in domestic equity. At 07:04 AM, the SGX Nifty futures traded 33 points, or 0.29 percent, lower at 11,640, indicating a negative start for the Sensex and the Nifty50.

1. Asia: Stocks in Asia traded lower in the early morning trade on Thursday following an overnight slip in the Wall Street. The Nikkei fell 0.79 percent along with Topix, which shed 0.76 percent. South Korea's Kospi declined 0.28 percent. (Image: Reuters)
1. Asia: Stocks in Asia traded lower in the early morning trade on Thursday following an overnight slip in the Wall Street. The Nikkei fell 0.79 percent along with Topix, which shed 0.76 percent. South Korea's Kospi declined 0.28 percent. (Image: Reuters)
2. US: U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. The Dow Jones Industrial Average fell 115.78 points, or 0.42 percent, to 27,219.85, the S&P 500 lost 19.62 points, or 0.65 percent, to 2,984.42 and the Nasdaq Composite dropped 37.59 points, or 0.46 percent, to 8,185.21. (Image: AP)
2. US: U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. The Dow Jones Industrial Average fell 115.78 points, or 0.42 percent, to 27,219.85, the S&P 500 lost 19.62 points, or 0.65 percent, to 2,984.42 and the Nasdaq Composite dropped 37.59 points, or 0.46 percent, to 8,185.21. (Image: AP)
3. Markets At Close On Wednesday: Indian benchmark indices ended marginally higher on Wednesday led by banking, IT and FMCG stocks. Gains in index heavyweights like Kotak Mahindra Bank, Infosys, SBI, HDFC Bank and HUL also lifted the indices. The Sensex ended 85 points higher at 39,216, while the broader Nifty50 index added 25 points to end at 11,687. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 17 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 209 crore on July 17. (Image: Reuters)
3. Markets At Close On Wednesday: Indian benchmark indices ended marginally higher on Wednesday led by banking, IT and FMCG stocks. Gains in index heavyweights like Kotak Mahindra Bank, Infosys, SBI, HDFC Bank and HUL also lifted the indices. The Sensex ended 85 points higher at 39,216, while the broader Nifty50 index added 25 points to end at 11,687. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 17 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 209 crore on July 17. (Image: Reuters)
4. Currency: In currency markets, the dollar was a major beneficiary at 97.1230 on a basket of currencies, having fell 0.10 percent overnight. The Indian rupee went up 10 paise or 0.15 percent to Rs 68.81 on Wednesday. (Image: Reuters)
4. Currency: In currency markets, the dollar was a major beneficiary at 97.1230 on a basket of currencies, having fell 0.10 percent overnight. The Indian rupee went up 10 paise or 0.15 percent to Rs 68.81 on Wednesday. (Image: Reuters)
5. Crude Oil: Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. Brent crude futures were down 15 cents, or 0.2 percent, at $63.51 a barrel by 0044 GMT.  U.S West Texas Intermediate crude futures fell 26 cents, or 0.5 percent, to $56.52. (Image: AP)
5. Crude Oil: Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. Brent crude futures were down 15 cents, or 0.2 percent, at $63.51 a barrel by 0044 GMT.  U.S West Texas Intermediate crude futures fell 26 cents, or 0.5 percent, to $56.52. (Image: AP)
6. Insolvency And Bankruptcy Code: The Cabinet on Wednesday approved seven  amendments to the Insolvency and Bankruptcy Code (IBC) to enforce strict timelines for the rescue of companies. The amendments are aimed at filling the critical gaps in the corporate rescue framework specified in the Code.  (Image: Reuters)
6. Insolvency And Bankruptcy Code: The Cabinet on Wednesday approved seven  amendments to the Insolvency and Bankruptcy Code (IBC) to enforce strict timelines for the rescue of companies. The amendments are aimed at filling the critical gaps in the corporate rescue framework specified in the Code.  (Image: Reuters)
7. Overseas Borrowing: Singaporean bank DBS on Wednesday said the government is likely to limit its overseas bond sale at $5 billion this year, but suggested hiking the cap on<br />foreign funds' investment in domestic debt is a better option considering the huge the risks involved in the former. (Image: Reuters)
7. Overseas Borrowing: Singaporean bank DBS on Wednesday said the government is likely to limit its overseas bond sale at $5 billion this year, but suggested hiking the cap on
foreign funds' investment in domestic debt is a better option considering the huge the risks involved in the former. (Image: Reuters)
8. FMCG Growth In Rural India: The FMCG sector in India will face a slowdown in 2019 with a growth rate of around 9-10 percent impacted by a dip in demand, particularly the rural, according to a report. The FMCG growth rate for the first half of 2019 is around 12 per ent, which is lower than the previous forecast of 13-14 percent, the report by data analytics firm Nielsen said. (Image: Reuters)
8. FMCG Growth In Rural India: The FMCG sector in India will face a slowdown in 2019 with a growth rate of around 9-10 percent impacted by a dip in demand, particularly the rural, according to a report. The FMCG growth rate for the first half of 2019 is around 12 per ent, which is lower than the previous forecast of 13-14 percent, the report by data analytics firm Nielsen said. (Image: Reuters)
9. Budget Proposals Impacting Inflows: Budget proposals to address the country's free-float problem can result in inflows of $25 billion, says a foreign brokerage.<br />Finance minister Nirmala Sitharaman's proposals include hiking the cap on foreign portfolio investors from 24 percent in companies to get them on par with the sectoral FDI<br />limits and increasing the minimum public holding to 35 percent from the present 25 percent. (Image: Reuters)
9. Budget Proposals Impacting Inflows: Budget proposals to address the country's free-float problem can result in inflows of $25 billion, says a foreign brokerage.
Finance minister Nirmala Sitharaman's proposals include hiking the cap on foreign portfolio investors from 24 percent in companies to get them on par with the sectoral FDI
limits and increasing the minimum public holding to 35 percent from the present 25 percent. (Image: Reuters)
10. State PSUs In Bengal: The Comptroller and Auditor General of India (CAG) has said only 33 out of 73 state PSUs in West Bengal, which are operational, had prepared the<br />accounts for the financial year 2016-17. The CAG report said that 21 PSUs earned profits of Rs 621 crore during 2016-17, while 11 of them incurred losses to the tune of Rs 665 crore and one suffered nominal loss. (Image: Reuters)
10. State PSUs In Bengal: The Comptroller and Auditor General of India (CAG) has said only 33 out of 73 state PSUs in West Bengal, which are operational, had prepared the
accounts for the financial year 2016-17. The CAG report said that 21 PSUs earned profits of Rs 621 crore during 2016-17, while 11 of them incurred losses to the tune of Rs 665 crore and one suffered nominal loss. (Image: Reuters)
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