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10 things you need to know before the opening bell on July 30

Updated : 2019-07-30 07:49:07

Indian shares looked set for a positive start on Tuesday, tracking Asian stocks which climbed up as investors gear up for an expected US interest rate cut this week. At 7.05 AM, the SGX Nifty futures traded 25 points, or 0.23 percent, higher at 11,236, indicating a positive start for the Sensex and the Nifty 50.

1. Asia: Asian stocks edged up on Tuesday as equity investors prepared for an expected US interest rate cut this week while heightened concerns in currency markets about a no-deal Brexit sent the pound to a 28-month low. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.15 percent. South Korea's KOSPI advanced 0.2 percent and Japan's Nikkei added 0.7 percent. Australian stocks climbed as much as 0.7 percent to touch a record high. (Image: Reuters)
1. Asia: Asian stocks edged up on Tuesday as equity investors prepared for an expected US interest rate cut this week while heightened concerns in currency markets about a no-deal Brexit sent the pound to a 28-month low. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.15 percent. South Korea's KOSPI advanced 0.2 percent and Japan's Nikkei added 0.7 percent. Australian stocks climbed as much as 0.7 percent to touch a record high. (Image: Reuters)
2. US: On Wall Street, Amazon and Facebook weighed down the S&P 500 while Apple rose a day ahead of earnings. Absent company news, the Fed remained as the main market catalyst. US stocks on Monday stepped back from last week's record highs as investors took a breather ahead of an expected interest rate cut by the Federal Reserve and looked for signs of progress from US-China trade negotiations underway in Shanghai. The Dow Jones Industrial Average rose 28.9 points, or 0.11 percent, to 27,221.35, the S&P 500 lost 4.89 points, or 0.16 percent, to 3,020.97 and the Nasdaq Composite dropped 36.88 points, or 0.44 percent, to 8,293.33. (Image: AP)
2. US: On Wall Street, Amazon and Facebook weighed down the S&P 500 while Apple rose a day ahead of earnings. Absent company news, the Fed remained as the main market catalyst. US stocks on Monday stepped back from last week's record highs as investors took a breather ahead of an expected interest rate cut by the Federal Reserve and looked for signs of progress from US-China trade negotiations underway in Shanghai. The Dow Jones Industrial Average rose 28.9 points, or 0.11 percent, to 27,221.35, the S&P 500 lost 4.89 points, or 0.16 percent, to 3,020.97 and the Nasdaq Composite dropped 36.88 points, or 0.44 percent, to 8,293.33. (Image: AP)
3. Markets At Close On Monday: Indian shares ended lower on Monday clouded by weak corporate results, while bond yields fell after the finance minister said the government did not intend to review its overseas borrowing plan. The Sensex ended 196 points lower at 37,686, while the broader Nifty50 index lost 95 points to end at 11,189.  Meanwhile, foreign institutional investors sold 704.42 crore and domestic institutional investors bought 1,351.44 crore on a net basis. (Image: Reuters)
3. Markets At Close On Monday: Indian shares ended lower on Monday clouded by weak corporate results, while bond yields fell after the finance minister said the government did not intend to review its overseas borrowing plan. The Sensex ended 196 points lower at 37,686, while the broader Nifty50 index lost 95 points to end at 11,189.  Meanwhile, foreign institutional investors sold 704.42 crore and domestic institutional investors bought 1,351.44 crore on a net basis. (Image: Reuters)
4. Currency: The dollar index edged up and touched its highest since late May as markets counted down to a likely cut in US interest rates this week. The dollar index rose 0.03 percent while Indian rupee closed 68.73, down 17 paise or 24 percent.
4. Currency: The dollar index edged up and touched its highest since late May as markets counted down to a likely cut in US interest rates this week. The dollar index rose 0.03 percent while Indian rupee closed 68.73, down 17 paise or 24 percent.
5. Crude Oil: Oil prices extended overnight gains on Tuesday amid widespread expectations the US Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude rose 30 cents, or 0.5 percent, to $64.01 a barrel by 0013 GMT. US crude was up 34 cents or 0.6 percent, at $57.21 a barrel, having risen 1.2 percent on Monday. (Image: Reuters)
5. Crude Oil: Oil prices extended overnight gains on Tuesday amid widespread expectations the US Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude rose 30 cents, or 0.5 percent, to $64.01 a barrel by 0013 GMT. US crude was up 34 cents or 0.6 percent, at $57.21 a barrel, having risen 1.2 percent on Monday. (Image: Reuters)
6. SEBI Working Groups: Suggesting a 'comply or explain' approach for proxy advisory firms, a Sebi-appointed working group has pitched for a regulatory framework wherein listed companies aggrieved by the view of such entities can approach the watchdog for redressal. Sebi has sought public comments on the recommendations made in the group's report till August 18. (Image: Reuters)
6. SEBI Working Groups: Suggesting a 'comply or explain' approach for proxy advisory firms, a Sebi-appointed working group has pitched for a regulatory framework wherein listed companies aggrieved by the view of such entities can approach the watchdog for redressal. Sebi has sought public comments on the recommendations made in the group's report till August 18. (Image: Reuters)
7. Telcos In 5G Spectrum Auction: India's reserve price of $70 million per MHz is
7. Telcos In 5G Spectrum Auction: India's reserve price of $70 million per MHz is "expensive", and will force Vodafone Idea and Bharti Airtel to participate in 5G spectrum auctions in a "limited" way, global rating agency Fitch said on Monday. The comments come weeks after nearly all the telcos had expressed their concerns on the spectrum pricing. (Image: Reuters)
8. Moody's Fresh Warns On NBFC Crisis: Even as more and more crippled banks come out of the dud asset tunnel, the heightening growth slowdown and the lingering crisis at non-banking lenders pose fresh challenges to their asset quality, warns a report. In a report, which comes months after GDP growth slipped to a five-year low at 5.8 percent for the March quarter, international rating agency Moody's said it expects growth to be
8. Moody's Fresh Warns On NBFC Crisis: Even as more and more crippled banks come out of the dud asset tunnel, the heightening growth slowdown and the lingering crisis at non-banking lenders pose fresh challenges to their asset quality, warns a report. In a report, which comes months after GDP growth slipped to a five-year low at 5.8 percent for the March quarter, international rating agency Moody's said it expects growth to be "weaker" in the next 12-18 months, without quantifying its growth expectation. (Image: Reuters)
9. SBI Cuts Deposit Rates: The State Bank of India (SBI) has slashed deposit rates on various tenors citing surplus liquidity and falling interest rate scenario. Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days, SBI said in a statement on Monday. For time deposits with longer tenors, there is a reduction of up to 20 bps in the retail segment and 35 bps in the bulk segment, it said. (Stock Image)
9. SBI Cuts Deposit Rates: The State Bank of India (SBI) has slashed deposit rates on various tenors citing surplus liquidity and falling interest rate scenario. Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days, SBI said in a statement on Monday. For time deposits with longer tenors, there is a reduction of up to 20 bps in the retail segment and 35 bps in the bulk segment, it said. (Stock Image)
10. Housing Sales Up: Housing demand went up six percent but supply fell 11 percent during the April-June period across nine major cities, according to data analytics firm PropEquity.  The nine cities included in the study are Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai. (stock image)
10. Housing Sales Up: Housing demand went up six percent but supply fell 11 percent during the April-June period across nine major cities, according to data analytics firm PropEquity.  The nine cities included in the study are Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai. (stock image)
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