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10 things you need to know before the opening bell on July 19

Updated : 2019-07-19 07:37:30

Indian shares are set for a strong start on Friday supported by gains in the global markets after comments by a US Federal Reserve official raised prospects of a rate cut by the central bank. At 7.00 AM, the SGX Nifty futures traded 42 points, or 0.36 percent, higher at 11,644, indicating a positive start for the Sensex and the Nifty 50.

1. Asia: Stocks in Asia traded higher as comments of a US Federal Reserve official ignited expectations that the central bank could ease monetary policy. The Nikkei in Japan added 0.52 percent in early trade on Friday while Kospi of South Korea gained 0.7 percent. (Image: Reuters)
1. Asia: Stocks in Asia traded higher as comments of a US Federal Reserve official ignited expectations that the central bank could ease monetary policy. The Nikkei in Japan added 0.52 percent in early trade on Friday while Kospi of South Korea gained 0.7 percent. (Image: Reuters)
2. US: U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut . The Dow Jones Industrial Average rose 0.01 percent, the S&P 500 gained 0.36 percent and the Nasdaq Composite added 0.27 percent. (Image: Reuters)
2. US: U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut . The Dow Jones Industrial Average rose 0.01 percent, the S&P 500 gained 0.36 percent and the Nasdaq Composite added 0.27 percent. (Image: Reuters)
3. Markets At Close On Thursday: Indian benchmark indices ended lower after three sessions of gains on Thursday, dragged by banking stocks after Yes Bank reported poor numbers for the quarter ending June 2019. The Sensex ended 318 points lower at 38,897, while the broader Nifty50 index lost 91 points to end at 11,597. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 1,404.86 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 329.05 crore on July 18. (Image: Reuters)
3. Markets At Close On Thursday: Indian benchmark indices ended lower after three sessions of gains on Thursday, dragged by banking stocks after Yes Bank reported poor numbers for the quarter ending June 2019. The Sensex ended 318 points lower at 38,897, while the broader Nifty50 index lost 91 points to end at 11,597. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 1,404.86 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 329.05 crore on July 18. (Image: Reuters)
4. Currency: In currency markets, the dollar was a major beneficiary at 96.8130 on a basket of currencies, having gained 0.02 percent overnight. The Indian rupee went up 14 paise or 0.20 percent to Rs 68.95 on Thursday. (Image: Reuters)
4. Currency: In currency markets, the dollar was a major beneficiary at 96.8130 on a basket of currencies, having gained 0.02 percent overnight. The Indian rupee went up 14 paise or 0.20 percent to Rs 68.95 on Thursday. (Image: Reuters)
5. Crude Oil: Oil prices rose more than 1 percent on Friday after the US Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East. Brent crude futures were up 82 cents, or 1.3 percent, at $62.75 by 0100 GMT.  West Texas Intermediate crude futures firmed 61 cents, or 1.1 percent, at 55.91. (Image: AP)
5. Crude Oil: Oil prices rose more than 1 percent on Friday after the US Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East. Brent crude futures were up 82 cents, or 1.3 percent, at $62.75 by 0100 GMT.  West Texas Intermediate crude futures firmed 61 cents, or 1.1 percent, at 55.91. (Image: AP)
6. Securities Exchange Board Of India: Markets regulator Sebi proposed stricter disclosures, including detailed reasons, on the resignation of auditors, amid rising instances of auditors quitting companies. Besides, an auditor would have to provide an appropriate disclaimer in case of auditor's resignation is due to non-receipt of information from the company concerned.  (Image: Reuters)
6. Securities Exchange Board Of India: Markets regulator Sebi proposed stricter disclosures, including detailed reasons, on the resignation of auditors, amid rising instances of auditors quitting companies. Besides, an auditor would have to provide an appropriate disclaimer in case of auditor's resignation is due to non-receipt of information from the company concerned.  (Image: Reuters)
7. Finance Minister On FPIs: Union finance minister Nirmala Sitharaman on Thursday said those foreign portfolio investors (FPIs ) who wish to be out of the net of the surcharge on high net worth individuals, may consider the option of structuring as companies as the foreign portfolio investors registered as trusts will have to pay the new tax surcharge.  (Getty Image)
7. Finance Minister On FPIs: Union finance minister Nirmala Sitharaman on Thursday said those foreign portfolio investors (FPIs ) who wish to be out of the net of the surcharge on high net worth individuals, may consider the option of structuring as companies as the foreign portfolio investors registered as trusts will have to pay the new tax surcharge.  (Getty Image)
8. Arbitration Bill Passed By Parliament: The Parliament on Thursday passed a bill to set up an independent and autonomous regime for institutionalised domestic and international arbitration in India. The New Delhi International Arbitration Centre (NDIAC) Bill, 2019, which seeks to replace an ordinance issued in March this year by the previous government, was passed by Rajya Sabha. Under the Bill, undertakings of the International Centre For Alternative Dispute Resolution (ICADR) will be acquired and transferred to the New Delhi International Arbitration Centre (NDIAC) with effect from March 2 this year. (Image: Reuters)<br /><br />
8. Arbitration Bill Passed By Parliament: The Parliament on Thursday passed a bill to set up an independent and autonomous regime for institutionalised domestic and international arbitration in India. The New Delhi International Arbitration Centre (NDIAC) Bill, 2019, which seeks to replace an ordinance issued in March this year by the previous government, was passed by Rajya Sabha. Under the Bill, undertakings of the International Centre For Alternative Dispute Resolution (ICADR) will be acquired and transferred to the New Delhi International Arbitration Centre (NDIAC) with effect from March 2 this year. (Image: Reuters)

9. Bank Credit, Deposit Rate: Bank credit and deposits grew 12.02 percent and 10.32 percent to Rs 96.975 trillion and Rs 126.746 trillion, respectively in the fortnight to July 5,<br />according to the latest RBI data. On a year-on-year basis as of May, non-food credit<br />increased 11.4 percent from 11.1 percent. Personal loan growth slowed to 16.9 percent in May from 18.6 percent in the year ago period. Credit growth to the services sector also lost steam and grew at a much slower pace of 14.8 percent in May down from a high 21.9 percent in the same month last year.(Image: Reuters)
9. Bank Credit, Deposit Rate: Bank credit and deposits grew 12.02 percent and 10.32 percent to Rs 96.975 trillion and Rs 126.746 trillion, respectively in the fortnight to July 5,
according to the latest RBI data. On a year-on-year basis as of May, non-food credit
increased 11.4 percent from 11.1 percent. Personal loan growth slowed to 16.9 percent in May from 18.6 percent in the year ago period. Credit growth to the services sector also lost steam and grew at a much slower pace of 14.8 percent in May down from a high 21.9 percent in the same month last year.(Image: Reuters)
10. SEBI On Listed Banks: Markets regulator Sebi has revised the disclosure requirements for listed banks regarding divergence in provisioning of assets. The changes made in the disclosure norms are
10. SEBI On Listed Banks: Markets regulator Sebi has revised the disclosure requirements for listed banks regarding divergence in provisioning of assets. The changes made in the disclosure norms are "in line with the revised RBI requirements," the regulator said in a circular dated July 17. As per the circular, listed banks will have to disclose to the stock exchanges divergences in the asset classification and provisioning if "the additional provisioning for NPAs assessed by RBI exceeds 10 percent of the reported profit before provisions and contingencies for the reference period." Earlier, this threshold was 15 percent. (Image: Reuters)
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