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10 things you need to know before the opening bell on July 9

Updated : 2019-07-09 07:47:06

Indian shares are likely to open little changed on Tuesday amid continued selling pressure over Budget proposals and mixed trades in global markets. Asian shares traded marginally higher following losses in the US stocks over fading hopes of a huge rate cut by the US Federal Reserve. At 7.00 AM, the SGX Nifty futures traded 0.05 percent higher at 11,574, pointing to a muted start for the Sensex and the Nifty 50.

1. Asia: Asian stocks struggled to rebound on Tuesday as investors came to terms with sharply reduced expectations the Federal Reserve will deliver a large interest rate cut at the end of July. In Japan, the Nikkei jumped 0.47 percent and ASX 200 fell 0.20 percent. Over in South Korea, the Kospi was trading higher by 0.06 percent.  (Image: Reuters)
1. Asia: Asian stocks struggled to rebound on Tuesday as investors came to terms with sharply reduced expectations the Federal Reserve will deliver a large interest rate cut at the end of July. In Japan, the Nikkei jumped 0.47 percent and ASX 200 fell 0.20 percent. Over in South Korea, the Kospi was trading higher by 0.06 percent.  (Image: Reuters)
2. US: US equities resumed their slide from Friday, when the June employment data was released, as hopes of a steep Fed rate cut faded. The US stocks were also weighed down by losses in shares of Apple Inc, following an analyst downgrade, and Boeing Co, after a Saudi Arabian airline said it would not proceed with an order for its jets. The Dow Jones Industrial Average fell 115.98 points, or 0.43 percent, to 26,806.14, the S&P 500 lost 14.46 points, or 0.48 percent, to 2,975.95 and the Nasdaq Composite dropped 63.41 points, or 0.78 percent, to 8,098.38. (Image: AP)
2. US: US equities resumed their slide from Friday, when the June employment data was released, as hopes of a steep Fed rate cut faded. The US stocks were also weighed down by losses in shares of Apple Inc, following an analyst downgrade, and Boeing Co, after a Saudi Arabian airline said it would not proceed with an order for its jets. The Dow Jones Industrial Average fell 115.98 points, or 0.43 percent, to 26,806.14, the S&P 500 lost 14.46 points, or 0.48 percent, to 2,975.95 and the Nasdaq Composite dropped 63.41 points, or 0.78 percent, to 8,098.38. (Image: AP)
3. Markets At Close On Monday:  Post-budget sell-off continued its massacre across bourses on Monday. The indices reported their biggest one-day fall in 2019. The Sensex ended 793 points lower at 38,721, while the broader Nifty50 index lost 253 points to end at 11,559. (Image: AP)
3. Markets At Close On Monday:  Post-budget sell-off continued its massacre across bourses on Monday. The indices reported their biggest one-day fall in 2019. The Sensex ended 793 points lower at 38,721, while the broader Nifty50 index lost 253 points to end at 11,559. (Image: AP)
4. FIIs & DIIs, Investors' Wealth: Foreign institutional investors (FIIs) sold shares worth Rs 402 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 321 crore. Investors' wealth on Monday got eroded by Rs 3.39 lakh crore after the Sensex plummeted 793 points amid the Union Budget overhang and heavy sell-off in global equities. Led by the sharp sell-off in equities, the market capitalisation of the BSE-listed companies dropped by Rs 3,39,192.97 crore to Rs 1,47,96,302.89 crore. (Image: Reuters)
4. FIIs & DIIs, Investors' Wealth: Foreign institutional investors (FIIs) sold shares worth Rs 402 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 321 crore. Investors' wealth on Monday got eroded by Rs 3.39 lakh crore after the Sensex plummeted 793 points amid the Union Budget overhang and heavy sell-off in global equities. Led by the sharp sell-off in equities, the market capitalisation of the BSE-listed companies dropped by Rs 3,39,192.97 crore to Rs 1,47,96,302.89 crore. (Image: Reuters)
5. Crude Oil: Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices. Brent crude futures were down 21 cents, or 0.3 percent, at $63.90 a barrel by 0022 GMT.  US West Texas Intermediate crude futures were down 20 cents, or 0.4 percent, at $57.46 a barrel. (Image: Reuters)
5. Crude Oil: Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices. Brent crude futures were down 21 cents, or 0.3 percent, at $63.90 a barrel by 0022 GMT.  US West Texas Intermediate crude futures were down 20 cents, or 0.4 percent, at $57.46 a barrel. (Image: Reuters)
6. Ministry Of Finance On FPI Surcharge: CBDT chairman P C Mody on Monday said the government will soon issue a clarification on the increase in the tax rate on foreign portfolio investors to allay their concerns.  (Image: Reuters)
6. Ministry Of Finance On FPI Surcharge: CBDT chairman P C Mody on Monday said the government will soon issue a clarification on the increase in the tax rate on foreign portfolio investors to allay their concerns.  (Image: Reuters)
7. RBI Governor Shaktikanta Das On Sovereign Bonds: RBI Governor Shaktikanta Das on Monday said the central bank will discuss with the government the issuance of overseas sovereign bonds, an instrument that will help reduce dependence on the domestic market for bridging fiscal deficit. The Reserve Bank of India (RBI) issues bonds on behalf of the government as part of the resource mobilisation exercise to fund gap between revenue and expenditure. (Image: Reuters)
7. RBI Governor Shaktikanta Das On Sovereign Bonds: RBI Governor Shaktikanta Das on Monday said the central bank will discuss with the government the issuance of overseas sovereign bonds, an instrument that will help reduce dependence on the domestic market for bridging fiscal deficit. The Reserve Bank of India (RBI) issues bonds on behalf of the government as part of the resource mobilisation exercise to fund gap between revenue and expenditure. (Image: Reuters)
8. Mutual Funds Outflow In June: Investors pulled out Rs 1.60 lakh crore on a net basis from mutual fund schemes in June against a net investment of Rs 76,989 crore in May mainly due to persisting weak confidence in debt-oriented plans, industry data showed on Monday. Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May, the data by Association of Mutual Fund of India (AMFI) showed. (stock image)
8. Mutual Funds Outflow In June: Investors pulled out Rs 1.60 lakh crore on a net basis from mutual fund schemes in June against a net investment of Rs 76,989 crore in May mainly due to persisting weak confidence in debt-oriented plans, industry data showed on Monday. Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May, the data by Association of Mutual Fund of India (AMFI) showed. (stock image)
9. Credit Quality In Q1FY20 Results: In what is illustrative of the deepening slowdown, Care Ratings has seen a massive deterioration in the credit quality of the entities it tracks<br />during the first quarter of the current fiscal year. The modified credit ratio, or the number of upgrades to downgrades, has slipped to a six-year low of 0.8 during the<br />June quarter, the agency said on Monday. The number of upgrades to downgrades ratio had been hovering around the ideal level of 1 for over a year and stood at 1.02 in the March quarter. (Image: Getty)
9. Credit Quality In Q1FY20 Results: In what is illustrative of the deepening slowdown, Care Ratings has seen a massive deterioration in the credit quality of the entities it tracks
during the first quarter of the current fiscal year. The modified credit ratio, or the number of upgrades to downgrades, has slipped to a six-year low of 0.8 during the
June quarter, the agency said on Monday. The number of upgrades to downgrades ratio had been hovering around the ideal level of 1 for over a year and stood at 1.02 in the March quarter. (Image: Getty)
10. TRAI On Spectrum Pricing: Regulator Trai on Monday stuck to its recommendation on base price and valuation of the spectrum, including for 5G radiowaves, making it clear to the telecom department that it has considered
10. TRAI On Spectrum Pricing: Regulator Trai on Monday stuck to its recommendation on base price and valuation of the spectrum, including for 5G radiowaves, making it clear to the telecom department that it has considered "all relevant factors" while giving views on prices. (Image: Reuters)
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