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10 things you need to know before the opening bell on July 31

Updated : 2019-07-31 07:35:50

Indian shares are likely to open lower on Wednesday, in line with Asian stocks, on renewed worries over US-China trade war following threats from US President Donald Trump to Beijing. Investors are also awaiting the US Federal Reserve's announcement on interest rates later today. At 7.00 AM, the SGX Nifty futures traded 0.32 percent lower at 11,062, indicating a negative start for the Sensex and the Nifty 50.

1. Asia: Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.04 percent while Japan's Nikkei slid 0.84 percent. (Image: Reuters)
1. Asia: Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.04 percent while Japan's Nikkei slid 0.84 percent. (Image: Reuters)
2. US: Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting, as per Reuters. The Dow Jones Industrial Average fell 23.33 points, or 0.09 percent, to 27,198.02, the S&P 500 lost 7.79 points, or 0.26 percent, to 3,013.18. The Nasdaq Composite dropped 19.72 points, or 0.24 percent, to 8,273.61. (Image: Reuters)
2. US: Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting, as per Reuters. The Dow Jones Industrial Average fell 23.33 points, or 0.09 percent, to 27,198.02, the S&P 500 lost 7.79 points, or 0.26 percent, to 3,013.18. The Nasdaq Composite dropped 19.72 points, or 0.24 percent, to 8,273.61. (Image: Reuters)
3. Markets At Close On Tuesday: Indian shares ended lower on Tuesday with Nifty50 slipping below 11,100 level for the first time since March 2019. The benchmark indices were mainly dragged by banking, metal and auto indices. The Sensex ended 289 points lower at 37,397, while the broader Nifty50 index lost 104 points to end at 11,085. The Indian Rupee closed at 68.86, higher 13 paise or 0.19 percent. (Image: Reuters)
3. Markets At Close On Tuesday: Indian shares ended lower on Tuesday with Nifty50 slipping below 11,100 level for the first time since March 2019. The benchmark indices were mainly dragged by banking, metal and auto indices. The Sensex ended 289 points lower at 37,397, while the broader Nifty50 index lost 104 points to end at 11,085. The Indian Rupee closed at 68.86, higher 13 paise or 0.19 percent. (Image: Reuters)
4. FII & DII: On Tuesday, foreign institutional investors sold 644.59 crore while domestic institutional investors bought 1,079.72 crore on a net basis. (Image: Reuters)
4. FII & DII: On Tuesday, foreign institutional investors sold 644.59 crore while domestic institutional investors bought 1,079.72 crore on a net basis. (Image: Reuters)
5. Crude Oil: Oil prices held firm near two-week highs after 2 percent gains on Tuesday. U.S. West Texas Intermediate (WTI) crude gained 0.41 percent to $58.29 per barrel in early Asian trade, reported Reuters. (Image: Reuters)
5. Crude Oil: Oil prices held firm near two-week highs after 2 percent gains on Tuesday. U.S. West Texas Intermediate (WTI) crude gained 0.41 percent to $58.29 per barrel in early Asian trade, reported Reuters. (Image: Reuters)
6. VG Siddhartha's Body Found: After 48 hours, Cafe Coffee Day's founder VG Siddhartha's body was found in Karnataka's Netravathi river. (Image: Reuters)
6. VG Siddhartha's Body Found: After 48 hours, Cafe Coffee Day's founder VG Siddhartha's body was found in Karnataka's Netravathi river. (Image: Reuters)
7. RBI Relaxes ECB Norms: In more liquidity easing measures, the Reserve Bank on Tuesday liberalised the end-use stipulations for the external commercial borrowings both for corporates as well as liquidity starved non-banking lenders. The liberalisation relates to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans, the central bank said in a statement. (Image: Reuters)
7. RBI Relaxes ECB Norms: In more liquidity easing measures, the Reserve Bank on Tuesday liberalised the end-use stipulations for the external commercial borrowings both for corporates as well as liquidity starved non-banking lenders. The liberalisation relates to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans, the central bank said in a statement. (Image: Reuters)
8. June GDP Data: Despite the policymakers' efforts to revive the sagging growth momentum, the economy is set to print in a 5.7 percent uptick in the June quarter and is<br />likely to bottom out from there, a brokerage has said. India presents a picture of
8. June GDP Data: Despite the policymakers' efforts to revive the sagging growth momentum, the economy is set to print in a 5.7 percent uptick in the June quarter and is
likely to bottom out from there, a brokerage has said. India presents a picture of "short-term despair and medium term hope", Japanese brokerage Nomura said in a note. (Stock image)
9. India's FY19 FDI Data: India received the highest-ever FDI inflow of USD 64.37 billion during the fiscal ended March 2019, said a government report. According to the Annual Report 2018-19 of the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDI) worth USD 286 billion were received in the country in past five years.
9. India's FY19 FDI Data: India received the highest-ever FDI inflow of USD 64.37 billion during the fiscal ended March 2019, said a government report. According to the Annual Report 2018-19 of the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDI) worth USD 286 billion were received in the country in past five years. "In the current financial year (2018-19), the country registered highest ever FDI inflow of USD 64.37 billion," the report said.  (Image: Reuters)
10. CAG Report On GST: In its first report on GST, the Comptroller and Auditor General of India (CAG) has pointed out that the new tax regime has not achieved its full potential in terms of simplification even after two years of roll-out. The report also highlighted various other deficiencies and loopholes in the tax regime. The CAG has noted that the growth of indirect taxes slowed down to 5.8 percent in 2017-2018 as compared to 21.33 percent decline during 2016-2017. But with GST, revenues also dipped further to 10 percent. (stock image)
10. CAG Report On GST: In its first report on GST, the Comptroller and Auditor General of India (CAG) has pointed out that the new tax regime has not achieved its full potential in terms of simplification even after two years of roll-out. The report also highlighted various other deficiencies and loopholes in the tax regime. The CAG has noted that the growth of indirect taxes slowed down to 5.8 percent in 2017-2018 as compared to 21.33 percent decline during 2016-2017. But with GST, revenues also dipped further to 10 percent. (stock image)
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