Motilal Oswal
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Motilal Oswal
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10 things you need to know before the opening bell on June 18

Updated : 2019-06-18 07:33:05

Indian shares are likely to open in green on Tuesday after a massive selloff in the previous session on fear of a trade dispute between US and India. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 plunged over 1 percent after India announced retaliatory tariffs on US goods. Meanwhile, Asian shares traded mixed ahead of the US Federal Reserve’s interest rate decision on June 19. Oil prices declined as concerns over economic growth overshadowed geopolitical tensions in the Middle East. At 07:00 AM, the SGX Nifty futures traded 0.22 percent higher at 11,724, indicating a positive start for the Sensex and the Nifty 50. Here are the 10 things you need to know before the opening bell:

1. Asia: Markets in Asia edge up on Tuesday morning as investors await the start of a closely-watched meeting by the US Federal Reserve. Japan's Nikkei was up 0.06 percent or 13.40 points at 21,136.51. South Korea's Kospi was trading at 2,093.38, up 3.25 points or 0.19 percent. (Image: Reuters)
1. Asia: Markets in Asia edge up on Tuesday morning as investors await the start of a closely-watched meeting by the US Federal Reserve. Japan's Nikkei was up 0.06 percent or 13.40 points at 21,136.51. South Korea's Kospi was trading at 2,093.38, up 3.25 points or 0.19 percent. (Image: Reuters)
2. US: Stocks on Wall Street rose on Monday as investors looked ahead to a crucial Fed Reserve meeting this week. The Dow Jones Industrial Average rose 22.92 points, or 0.09 percent, to 26,112.53, the S&P 500 gained 2.69 points, or 0.09 percent to 2,889.67 and the Nasdaq Composite added 48.37 points, or 0.62 percent, to 7,845.02. (Image: Reuters)
2. US: Stocks on Wall Street rose on Monday as investors looked ahead to a crucial Fed Reserve meeting this week. The Dow Jones Industrial Average rose 22.92 points, or 0.09 percent, to 26,112.53, the S&P 500 gained 2.69 points, or 0.09 percent to 2,889.67 and the Nasdaq Composite added 48.37 points, or 0.62 percent, to 7,845.02. (Image: Reuters)
3. Markets At Close On Monday: Indian benchmark indices extended losses amid uncertainty ahead of the US Federal Reserve meet, rising oil prices and US-India trade dispute. The Sensex ended 491.28 points lower at 38,960.79, while the broader Nifty50 index declined 151.15 points to end at 11,672.15. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 331 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 1,258 crore. (Image: Reuters)
3. Markets At Close On Monday: Indian benchmark indices extended losses amid uncertainty ahead of the US Federal Reserve meet, rising oil prices and US-India trade dispute. The Sensex ended 491.28 points lower at 38,960.79, while the broader Nifty50 index declined 151.15 points to end at 11,672.15. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 331 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 1,258 crore. (Image: Reuters)
4. Crude Oil: Oil prices steadied on Tuesday, caught between rising tensions in the Middle East and signs that economic growth is being hit by trade tensions between the United States and China. Brent crude futures were up 4 cents at $60.98 a barrel by 0055 GMT. They fell 1.7 percent in the previous session on concerns about slowing global growth.<br />U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at $51.92. (Image: Reuters)
4. Crude Oil: Oil prices steadied on Tuesday, caught between rising tensions in the Middle East and signs that economic growth is being hit by trade tensions between the United States and China. Brent crude futures were up 4 cents at $60.98 a barrel by 0055 GMT. They fell 1.7 percent in the previous session on concerns about slowing global growth.
U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at $51.92. (Image: Reuters)
5. Currency: The rupee closed 10 paise higher on Monday, at Rs 69.90 against the US dollar. The dollar index,  which gauges the greenback's strength against a basket of six currencies, fell 0.01 percent, with the euro up 0.06 percent to $1.1214. (Image: Reuters)
5. Currency: The rupee closed 10 paise higher on Monday, at Rs 69.90 against the US dollar. The dollar index,  which gauges the greenback's strength against a basket of six currencies, fell 0.01 percent, with the euro up 0.06 percent to $1.1214. (Image: Reuters)
6. India-US Farm-Support Plans: Massive farm-support plans in the United States and India are being scrutinised by other World Trade Organization members, questions submitted to the WTO's quarterly agriculture committee meeting showed on Monday. US President Donald Trump and Indian Prime Minister Narendra Modi have both made boosting farm incomes a priority. Trump is trying to offset domestic damage from a tariff war with China; Modi faces a slowdown in India's agriculture-dominated economy. (Image: Reuters)
6. India-US Farm-Support Plans: Massive farm-support plans in the United States and India are being scrutinised by other World Trade Organization members, questions submitted to the WTO's quarterly agriculture committee meeting showed on Monday. US President Donald Trump and Indian Prime Minister Narendra Modi have both made boosting farm incomes a priority. Trump is trying to offset domestic damage from a tariff war with China; Modi faces a slowdown in India's agriculture-dominated economy. (Image: Reuters)
7. RBI Governor Shaktikanta Das On Financial Stability: Assuring the crisis-hit NBFC sector will be monitored, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank will not hesitate to take any required measure to maintain the financial stability of the economy. In a lecture at the Lal Bahadur Shastri National Academy of Administration, Mussoorie, on the
7. RBI Governor Shaktikanta Das On Financial Stability: Assuring the crisis-hit NBFC sector will be monitored, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank will not hesitate to take any required measure to maintain the financial stability of the economy. In a lecture at the Lal Bahadur Shastri National Academy of Administration, Mussoorie, on the "evolving role of central banks", Das also said that financial stability is a major factor considered in the RBI's monetary policy. (Image: Reuters)
8. Fitch Ratings On India's Growth: Fitch Ratings on Monday saw India's growth for FY 2019-20 at 6.6 per cent and 7.1 per cent in 2021-22. Fitch was optimistic on India's growth, saying that the monetary and regulatory easing from the Reserve Bank of India, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse. (Image: Reuters)
8. Fitch Ratings On India's Growth: Fitch Ratings on Monday saw India's growth for FY 2019-20 at 6.6 per cent and 7.1 per cent in 2021-22. Fitch was optimistic on India's growth, saying that the monetary and regulatory easing from the Reserve Bank of India, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse. (Image: Reuters)
9. US Trade Benefits Withdrawal Impact: The US government's decision to<br />withdraw trade benefits under the Generalised System of Preferences (GSP) is likely to impact the gems and jewellery exports the most, the report said. The gems and jewellery sector is already under pressure on account of stringent lending rules and working-<br />capital crunch. India tops the list of exporters to the US in this category, with more than 15 per cent share, the rating agency Crisil said. (Image: Reuters)
9. US Trade Benefits Withdrawal Impact: The US government's decision to
withdraw trade benefits under the Generalised System of Preferences (GSP) is likely to impact the gems and jewellery exports the most, the report said. The gems and jewellery sector is already under pressure on account of stringent lending rules and working-
capital crunch. India tops the list of exporters to the US in this category, with more than 15 per cent share, the rating agency Crisil said. (Image: Reuters)
10. Investor Wealth Destruction On Monday: Investor wealth eroded by over Rs 2 lakh crore on Monday after the BSE benchmark index tanked over 491 points following weak sentiments in the broader market. Led by the selling in equity market, the market capitalisation of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore. (Image: Reuters)
10. Investor Wealth Destruction On Monday: Investor wealth eroded by over Rs 2 lakh crore on Monday after the BSE benchmark index tanked over 491 points following weak sentiments in the broader market. Led by the selling in equity market, the market capitalisation of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore. (Image: Reuters)
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