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10 things you need to know before the opening bell on July 5

Updated : 2019-07-05 08:03:02

Indian benchmark indices BSE Sensex and NSE’s Nifty50 are likely to stay volatile on Friday as finance minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2018-19. Investors await the government’s proposals to revive India’s economic growth. The Economic Survey projected GDP growth rebounding from a five-year low to 7 percent in the FY20. Asian markets traded at two-year highs, while US markets were closed on account of the Independence Day. Indian shares settled with gains in the previous session, rising for the fourth straight day. At 7.00 AM, the SGX Nifty futures traded unchanged at 11,980, indicating a muted start for the Sensex and the Nifty 50.

1. Global Markets: Asian stocks remained flat on Friday early morning trade ahead of the upcoming release of the US nonfarm payrolls report, which could provide clues as to whether the Federal Reserve will cut its interest rates at its monetary policy meeting . The Nikkei was down 0.07 percent in early trade, while South Korea's Kospi was flat by 0.01 percent. While, Wall Street was closed on Thursday for the Independence Day holiday. (Image: Reuters)
1. Global Markets: Asian stocks remained flat on Friday early morning trade ahead of the upcoming release of the US nonfarm payrolls report, which could provide clues as to whether the Federal Reserve will cut its interest rates at its monetary policy meeting . The Nikkei was down 0.07 percent in early trade, while South Korea's Kospi was flat by 0.01 percent. While, Wall Street was closed on Thursday for the Independence Day holiday. (Image: Reuters)
2. Markets At Close On Thursday: Extending gains for the fourth straight session, equity benchmarks ended on a positive note on Thursday after the Economic Survey projected India's economic growth rebounding from a five-year low to 7 percent this year. The 30-share BSE Sensex settled 68.81 points, or 0.17 percent, higher at 39,908.06. The broader NSE Nifty gained 30 points, or 0.25 percent, to finish at 11,946.75. The rupee closed at Rs 58.50 against the US dollar, 0.60 percent lower on Thursday. (Image: Reuters)
2. Markets At Close On Thursday: Extending gains for the fourth straight session, equity benchmarks ended on a positive note on Thursday after the Economic Survey projected India's economic growth rebounding from a five-year low to 7 percent this year. The 30-share BSE Sensex settled 68.81 points, or 0.17 percent, higher at 39,908.06. The broader NSE Nifty gained 30 points, or 0.25 percent, to finish at 11,946.75. The rupee closed at Rs 58.50 against the US dollar, 0.60 percent lower on Thursday. (Image: Reuters)
3. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 29 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 59 crore. (Image: Reuters)
3. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 29 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 59 crore. (Image: Reuters)
4. Crude Oil:  Brent crude futures, the international benchmark for oil prices, were a tick weaker at $63.23 per barrel while US crude eased to $56.69. (Image: Reuters)
4. Crude Oil:  Brent crude futures, the international benchmark for oil prices, were a tick weaker at $63.23 per barrel while US crude eased to $56.69. (Image: Reuters)
5. Nirmala Sitharaman: Investors and the market should not expect any big surprises from the first Budget by the first woman finance minister on Friday, economists at largest private sector lender HDFC Bank have said. Citing
5. Nirmala Sitharaman: Investors and the market should not expect any big surprises from the first Budget by the first woman finance minister on Friday, economists at largest private sector lender HDFC Bank have said. Citing "time constraint", they said finance minister Nirmala Sitharaman's first budget will "broadly be a replication" of the interim budget, with some action on the election promises and some tweaks on the tax and expenditure figures. (Image: Reuters)
6. NK Singh On GST Council Meetings: Given the impact of its tax reviews on the states' revenue receipts, the 15th Finance Commission has sought regular dialogues with the GST Council, the national body deciding on the indirect taxes Finance Commission chairman NK Singh on Thursday said finance minister Nirmala Sitharaman has reacted
6. NK Singh On GST Council Meetings: Given the impact of its tax reviews on the states' revenue receipts, the 15th Finance Commission has sought regular dialogues with the GST Council, the national body deciding on the indirect taxes Finance Commission chairman NK Singh on Thursday said finance minister Nirmala Sitharaman has reacted "positively" to the request, adding the same plea was also made to her predecessor Arun Jaitley. (Image: Reuters)
Alternatively, the Survey recommended sale of some datasets to analytics agencies to help them predict demand, discover untapped markets or innovate new products.
"Fortunately, stringent technological mechanisms exist to safeguard data privacy and confidentiality even while allowing the private sector to benefit from the data," said the Economic Survey for 2018-19, tabled in Parliament. (Image: PTI)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/07/2019_7img04_Jul_2019_PTI7_4_2019_000078B.jpg" > 7. Economic Survey 2019:  Amid heated debate on data privacy, the Economic Survey on Thursday suggested that private sector be granted access to Alternatively, the Survey recommended sale of some datasets to analytics agencies to help them predict demand, discover untapped markets or innovate new products.
"Fortunately, stringent technological mechanisms exist to safeguard data privacy and confidentiality even while allowing the private sector to benefit from the data," said the Economic Survey for 2018-19, tabled in Parliament. (Image: PTI)" title="7. Economic Survey 2019:  Amid heated debate on data privacy, the Economic Survey on Thursday suggested that private sector be granted access to "select" databases for commercial use on a chargeable basis, to ease pressure on government finances.
Alternatively, the Survey recommended sale of some datasets to analytics agencies to help them predict demand, discover untapped markets or innovate new products.
"Fortunately, stringent technological mechanisms exist to safeguard data privacy and confidentiality even while allowing the private sector to benefit from the data," said the Economic Survey for 2018-19, tabled in Parliament. (Image: PTI)">
7. Economic Survey 2019:  Amid heated debate on data privacy, the Economic Survey on Thursday suggested that private sector be granted access to "select" databases for commercial use on a chargeable basis, to ease pressure on government finances.
Alternatively, the Survey recommended sale of some datasets to analytics agencies to help them predict demand, discover untapped markets or innovate new products.
"Fortunately, stringent technological mechanisms exist to safeguard data privacy and confidentiality even while allowing the private sector to benefit from the data," said the Economic Survey for 2018-19, tabled in Parliament. (Image: PTI)
8. Chief Economic Adviser On Investment: Chief Economic Adviser K V Subramanian on Thursday said India needs to accelerate investment in excess of 35 percent of the GDP to achieve 8 percent sustained growth which is essential for becoming a USD 5 trillion economy by 2024-25.
8. Chief Economic Adviser On Investment: Chief Economic Adviser K V Subramanian on Thursday said India needs to accelerate investment in excess of 35 percent of the GDP to achieve 8 percent sustained growth which is essential for becoming a USD 5 trillion economy by 2024-25. "The investment as percentage of GDP has to be in excess of 35 per cent. In fact, China for instance reached 50 per cent of GDP. Definitely, we need to invest close to 35 per cent," he said here. Currently, the country's investment level as percentage of GDP is 29.3 percent, he said.(Image: PTI)
9. FPI Net Outflow: Investment by Foreign Portfolio Investors (FPI) witnessed a net outflow of Rs 38,931 crore in 2018-19, compared to a net inflow of Rs 1,44,681 crore in 2017-18, the Economic Survey said on Thursday.
9. FPI Net Outflow: Investment by Foreign Portfolio Investors (FPI) witnessed a net outflow of Rs 38,931 crore in 2018-19, compared to a net inflow of Rs 1,44,681 crore in 2017-18, the Economic Survey said on Thursday. "Total cumulative investment by FPIs decreased to Rs 2,48,154 crore as on March 31 2019 as against Rs 2,53,653 crore as on March 31 2018," the survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, said. It further said the assets of the FPIs in India, as reported by the custodians, increased to Rs 33,42,680 crore as on March 31, 2019 from Rs 31,48,349 crore as on the same date last year. ( Image: AP)
10. Indian Pharma Industry Growth: Indian pharmaceutical industry is likely to grow by 11-13 percent in the current fiscal, rating agency Icra said on Thursday.
10. Indian Pharma Industry Growth: Indian pharmaceutical industry is likely to grow by 11-13 percent in the current fiscal, rating agency Icra said on Thursday. "The growth trajectory for the Indian pharmaceutical industry is likely to remain at 11-13 percent in FY2020, on the back of healthy demand from the domestic market, given increasing spend on healthcare along with improving access," Icra said in a release. This along with moderation in pricing pressure for US market, new launches and market share gains for existing products and consolidation benefits will drive growth in FY2020, it added. (stock image)
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