Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Market

10 things you need to know before the opening bell on June 12

Updated : 2019-06-12 08:58:13

Indian shares are set for a mixed start on Wednesday ahead of retail inflation and industrial production data due to be released later in the day. Asian shares also trade cautious over concerns of US-China trade relations and ahead of key economic data from China. At 7.05 AM, the SGX Nifty futures traded 9 points lower, or 0.08 percent down at 11,972, indicating a muted start for the Sensex and the Nifty 50.

1. Asia: Early Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.1 percent, having climbed 1 percent the day before. Japan's Nikkei dithered either side of flat, while Australian shares added 0.3 percent. E-Mini futures for the S&P 500 were little changed after a flat finish on Wall Street. (Image: Reuters)
1. Asia: Early Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.1 percent, having climbed 1 percent the day before. Japan's Nikkei dithered either side of flat, while Australian shares added 0.3 percent. E-Mini futures for the S&P 500 were little changed after a flat finish on Wall Street. (Image: Reuters)
2. Wall Street: The Dow Jones Industrial Average fell 14.17 points, or 0.05 percent, to 26,048.51, the S&P 500 lost 1.01 points, or 0.03 percent, to 2,885.72 and the Nasdaq Composite dropped 0.60 points, or 0.01 percent, to 7,822.57. (Image: Reuters)
2. Wall Street: The Dow Jones Industrial Average fell 14.17 points, or 0.05 percent, to 26,048.51, the S&P 500 lost 1.01 points, or 0.03 percent, to 2,885.72 and the Nasdaq Composite dropped 0.60 points, or 0.01 percent, to 7,822.57. (Image: Reuters)
3. Markets At Close On Tuesday: The Sensex ended 166 points higher at 39,950, while the broader Nifty50 index added 43 points to end at 11,966. Among broader markets, the Nifty Midcap gained 0.6 percent, while the Nifty Smallcap index was flat. (Image: Reuters)
3. Markets At Close On Tuesday: The Sensex ended 166 points higher at 39,950, while the broader Nifty50 index added 43 points to end at 11,966. Among broader markets, the Nifty Midcap gained 0.6 percent, while the Nifty Smallcap index was flat. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were down 76 cents, or 1.22 percent, at $61.53 a barrel by 0036 GMT.US West Texas Intermediate (WTI) crude futures were down 79 cents, or 1.3 percent, at $52.58 per barrel. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were down 76 cents, or 1.22 percent, at $61.53 a barrel by 0036 GMT.US West Texas Intermediate (WTI) crude futures were down 79 cents, or 1.3 percent, at $52.58 per barrel. (Image: Reuters)
5. Currency: The rupee closed 21 paise higher on Tuesday, at Rs 69.44 against the US dollar. On Wednesday, the dollar eased back a touch on the yen to 108.44 and stalled on a basket of currencies at 96.708. (Image: Reuters)
5. Currency: The rupee closed 21 paise higher on Tuesday, at Rs 69.44 against the US dollar. On Wednesday, the dollar eased back a touch on the yen to 108.44 and stalled on a basket of currencies at 96.708. (Image: Reuters)
6. Retail Inflation Numbers Today: India's retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the Reserve Bank of India's target, giving it room to ease policy further, a Reuters poll found. The RBI changed its stance to
6. Retail Inflation Numbers Today: India's retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the Reserve Bank of India's target, giving it room to ease policy further, a Reuters poll found. The RBI changed its stance to "accommodative" from "neutral" last week and cut interest rates for the third time in a row, bringing the borrowing rate to a nine-year low of 5.75 percent. (Image: Reuters)
7. The Reserve Bank of India said Tuesday it will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday. It further said there is an overall aggregate ceiling of Rs 15,000 crore for all the securities in the basket put together and there is no security-wise notified amount. (Image: Reuters)
7. The Reserve Bank of India said Tuesday it will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday. It further said there is an overall aggregate ceiling of Rs 15,000 crore for all the securities in the basket put together and there is no security-wise notified amount. (Image: Reuters)
8. Anti-dumping Norms In Steel Sector: The Steel Ministry has suggested its commerce counterpart to bring certain changes in norms used for imposing anti-dumping duties with a view to making them more effective for protecting domestic players from cheap imports, sources said. The government has imposed anti-dumping duty on several steel products from countries including China to guard domestic manufacturers from cheap imports. However, in certain cases, the imposition of duties was not able to contain dumping of products and the government had to initiate anti-circumvention investigations.
8. Anti-dumping Norms In Steel Sector: The Steel Ministry has suggested its commerce counterpart to bring certain changes in norms used for imposing anti-dumping duties with a view to making them more effective for protecting domestic players from cheap imports, sources said. The government has imposed anti-dumping duty on several steel products from countries including China to guard domestic manufacturers from cheap imports. However, in certain cases, the imposition of duties was not able to contain dumping of products and the government had to initiate anti-circumvention investigations.
9. RBI: Having been a net seller of the greenback in FY19, the Reserve Bank turned a net buyer of the US dollar in the first month of FY20, purchasing $4.901 billion in April on a net basis from the spot market, according to the latest data from the monetary authority. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 96 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 151 crore on June 11. (Image: Reuters)
9. RBI: Having been a net seller of the greenback in FY19, the Reserve Bank turned a net buyer of the US dollar in the first month of FY20, purchasing $4.901 billion in April on a net basis from the spot market, according to the latest data from the monetary authority. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 96 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 151 crore on June 11. (Image: Reuters)
10. US-China Trade War: US President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. Last week, Trump said he would decide after G20, the meeting of the leaders of the world's largest economies, whether to carry out a threat to impose tariffs on an additional $300 billion in Chinese goods. Trump is buoyed by his self-declared victory following a days-long battle with Mexico after he threatened to impose tariffs unless Mexican authorities did more to stem the migrant flow across the US-Mexico border. (Image: Reuters)
10. US-China Trade War: US President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. Last week, Trump said he would decide after G20, the meeting of the leaders of the world's largest economies, whether to carry out a threat to impose tariffs on an additional $300 billion in Chinese goods. Trump is buoyed by his self-declared victory following a days-long battle with Mexico after he threatened to impose tariffs unless Mexican authorities did more to stem the migrant flow across the US-Mexico border. (Image: Reuters)
Live TV

Ask Our Experts CNBC TV18

Send your queries on investments and have them answered by our experts

Enter your details

Post