• SENSEX
    NIFTY 50
Market

10 things you need to know before the opening bell on July 8

Updated : 2019-07-08 07:53:57

Indian shares are expected to open lower on Monday as post-Budget pressure on equities likely to continue for the second day. Asian shares traded lower after positive US jobs data tempered prospects of aggressive US Federal Reserve monetary policy. At 7.05 AM, the SGX Nifty futures were down 38.50 points, or 0.33 percent, lower at 11,779, pointing to a negative start for the Sensex and the Nifty 50.

1. Asia: Stocks in Asia were trading lower in Monday morning trade after a strong jobs report last Friday stateside moderated expectations that the US Federal Reserve could soon be making a move on interest rates. In Japan, the Nikkei slipped 0.58 percent and Topix fell 0.38 percent. Over in South Korea, the Kospi dropped 1.02 percent. (Image: Reuters)
1. Asia: Stocks in Asia were trading lower in Monday morning trade after a strong jobs report last Friday stateside moderated expectations that the US Federal Reserve could soon be making a move on interest rates. In Japan, the Nikkei slipped 0.58 percent and Topix fell 0.38 percent. Over in South Korea, the Kospi dropped 1.02 percent. (Image: Reuters)
2. US: US stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong US payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting. The Dow Jones Industrial Average fell 43.88 points, or 0.16 percent, to 26,922.12, the S&P 500 lost 5.41 points, or 0.18 percent, to 2,990.41 and the Nasdaq Composite dropped 8.44 points, or 0.1 percent, to 8,161.79. (Image: Reuters)
2. US: US stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong US payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting. The Dow Jones Industrial Average fell 43.88 points, or 0.16 percent, to 26,922.12, the S&P 500 lost 5.41 points, or 0.18 percent, to 2,990.41 and the Nasdaq Composite dropped 8.44 points, or 0.1 percent, to 8,161.79. (Image: Reuters)
3. Markets At Close On Friday:  The benchmark indices ended lower on Friday with both the Sensex and the Nifty losing over 1 percent each dragged by metal, realty, auto, and IT stocks after finance minister Nirmala Sitharaman announced the Budget. The Sensex ended 395 points lower at 39,515, while the broader Nifty50 index lost 136 points to end at 11,811. Investors' wealth eroded by Rs 2.22 lakh crore on Friday, the market capitalisation of BSE-listed companies plunged Rs 2,22,579.67 crore to Rs 1,51,35,495.86 crore. The rupee pared early losses Friday to settle 8 paise higher at 68.42 against the US dollar as market participants said fiscal deficit and gross borrowings announced in the budget were broadly in-line with expectations. (Image: Reuters)
3. Markets At Close On Friday:  The benchmark indices ended lower on Friday with both the Sensex and the Nifty losing over 1 percent each dragged by metal, realty, auto, and IT stocks after finance minister Nirmala Sitharaman announced the Budget. The Sensex ended 395 points lower at 39,515, while the broader Nifty50 index lost 136 points to end at 11,811. Investors' wealth eroded by Rs 2.22 lakh crore on Friday, the market capitalisation of BSE-listed companies plunged Rs 2,22,579.67 crore to Rs 1,51,35,495.86 crore. The rupee pared early losses Friday to settle 8 paise higher at 68.42 against the US dollar as market participants said fiscal deficit and gross borrowings announced in the budget were broadly in-line with expectations. (Image: Reuters)
4. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 89 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 276 crore. (Image: Reuters)
4. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 89 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 276 crore. (Image: Reuters)
5. Crude Oil: Crude prices rose on Monday, adding to gains in the previous session on better-than-expected US jobs data, although gains were tempered by worries over the prolonged Sino-US trade war. Brent crude futures were up 10 cents, or 0.2 percent, by 0048 GMT at $64.33. US West Texas Intermediate (WTI) was up 14 cents, or 0.2 percent, at $57.65 a barrel.  (Image: Reuters)
5. Crude Oil: Crude prices rose on Monday, adding to gains in the previous session on better-than-expected US jobs data, although gains were tempered by worries over the prolonged Sino-US trade war. Brent crude futures were up 10 cents, or 0.2 percent, by 0048 GMT at $64.33. US West Texas Intermediate (WTI) was up 14 cents, or 0.2 percent, at $57.65 a barrel.  (Image: Reuters)
6. Moody's On Fiscal Deficit: Moody's on Friday said there are risks of India missing 3.3 percent fiscal deficit target for the current financial year if tax revenue falls short of the projection. The Budget 2019-20 lowered fiscal deficit projection for the current financial year to 3.3 percent from 3.4 percent targeted in the Interim Budget 2019-20 in February. The fiscal deficit, which is the gap between government expenditure and revenue, was 3.4 percent in 2018-19. (Image: Reuters)
6. Moody's On Fiscal Deficit: Moody's on Friday said there are risks of India missing 3.3 percent fiscal deficit target for the current financial year if tax revenue falls short of the projection. The Budget 2019-20 lowered fiscal deficit projection for the current financial year to 3.3 percent from 3.4 percent targeted in the Interim Budget 2019-20 in February. The fiscal deficit, which is the gap between government expenditure and revenue, was 3.4 percent in 2018-19. (Image: Reuters)
7. RBI Adds Liquidity: Quickly acting on a Budget proposal to offer credit guarantee to higher-rated asset pools of financially sound non-banking finance companies, the Reserve Bank on Friday allowed banks to offer additional liquidity against their excess G-secs holdings, with immediate effect. The move will release an additional liquidity worth Rs 1.34 trillion to banks, which can be used for on-lending to shadow banking companies. (Image: Reuters)
7. RBI Adds Liquidity: Quickly acting on a Budget proposal to offer credit guarantee to higher-rated asset pools of financially sound non-banking finance companies, the Reserve Bank on Friday allowed banks to offer additional liquidity against their excess G-secs holdings, with immediate effect. The move will release an additional liquidity worth Rs 1.34 trillion to banks, which can be used for on-lending to shadow banking companies. (Image: Reuters)
8. Overseas Bonds: The government will soon start the process of raising funds from overseas markets by issuing sovereign bonds in the second half of the fiscal, Finance Secretary Subhash Chandra Garg said. Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies. She added that India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 percent. (Image: Reuters)
8. Overseas Bonds: The government will soon start the process of raising funds from overseas markets by issuing sovereign bonds in the second half of the fiscal, Finance Secretary Subhash Chandra Garg said. Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies. She added that India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 percent. (Image: Reuters)
9. Fuel Cess & TDS: A national truckers body has accused the Modi government of trying to destroy them given the Budget proposals to impose Re 1 cess on diesel and 2<br />percent TDS on cash withdrawals of over Rs 1 crore. The All-India Motor Transport Congress also alleged that there is a move to make way for foreign players into the<br />industry through such moves. (Image: Reuters)
9. Fuel Cess & TDS: A national truckers body has accused the Modi government of trying to destroy them given the Budget proposals to impose Re 1 cess on diesel and 2
percent TDS on cash withdrawals of over Rs 1 crore. The All-India Motor Transport Congress also alleged that there is a move to make way for foreign players into the
industry through such moves. (Image: Reuters)
10. Gold Prices Zoom: Gold prices on Friday zoomed Rs 590 to Rs 34,800 per 10 gram in the national capital following the Budget announcement of an increase in customs duty on the precious metal to 12.5 percent from 10 percent. (Image: Reuters)
10. Gold Prices Zoom: Gold prices on Friday zoomed Rs 590 to Rs 34,800 per 10 gram in the national capital following the Budget announcement of an increase in customs duty on the precious metal to 12.5 percent from 10 percent. (Image: Reuters)
Live TV

Ask Our Experts CNBC TV18