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10 things you need to know before the opening bell on June 19

Updated : 2019-06-19 07:20:33

Indian shares are set for a strong start on Wednesday in line with positive trades in global markets over hopes of dovish stance from the US Federal Reserve. Sentiment in the global equity markets turned positive after European Central Bank's President Mario Draghi said that the ECB will ease policy again if inflation fails to accelerate. Markets also received an extra boost from confirmation that US President Donald Trump would meet China's president to talk about trade. Indian markets in the previous session settled higher, snapping a four-day losing streak. At 07:00 AM, the SGX Nifty futures traded 0.50 percent higher at 11,771, 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: Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 percent in early trade, adding to a 1 percent gain the day before. InJapan, the Nikkei jumped 1.52 percent in early trade while Kospi of South Korea rose 1.09 percent. (Image: Reuters)
1. Asia: Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 percent in early trade, adding to a 1 percent gain the day before. InJapan, the Nikkei jumped 1.52 percent in early trade while Kospi of South Korea rose 1.09 percent. (Image: Reuters)
2. US: Stocks surged on Tuesday as Wall Street increased bets on a U.S.-China trade deal after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit. Sentiment was also lifted by hope that the Fed will ease monetary policy later this year. The Dow ended Tuesday with gains of 1.35 percent, while the S&P 500 rose 0.97 percent and the Nasdaq 1.39 percent. (Image: Reuters)
2. US: Stocks surged on Tuesday as Wall Street increased bets on a U.S.-China trade deal after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit. Sentiment was also lifted by hope that the Fed will ease monetary policy later this year. The Dow ended Tuesday with gains of 1.35 percent, while the S&P 500 rose 0.97 percent and the Nasdaq 1.39 percent. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian benchmark indices end with minor gains on Tuesday after a volatile session, led by IT and banking stocks ahead of the US Federal Reserve’s two-day meet later in the day. The Sensex ended 85 points higher at 39,046, while the broader Nifty50 index added 19 points to end at 11,691. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 32 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 181 crore. (Image: Reuters)
3. Markets At Close On Tuesday: The Indian benchmark indices end with minor gains on Tuesday after a volatile session, led by IT and banking stocks ahead of the US Federal Reserve’s two-day meet later in the day. The Sensex ended 85 points higher at 39,046, while the broader Nifty50 index added 19 points to end at 11,691. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 32 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 181 crore. (Image: Reuters)
4. Crude Oil: Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Brent crude futures were up 34 cents, or 0.6 percent, at $62.48 a barrel by 0028 GMT. US West Texas Intermediate crude gained 44 cents, or 0.8 percent, to $54.34 a barrel. (Image: Reuters)
4. Crude Oil: Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Brent crude futures were up 34 cents, or 0.6 percent, at $62.48 a barrel by 0028 GMT. US West Texas Intermediate crude gained 44 cents, or 0.8 percent, to $54.34 a barrel. (Image: Reuters)
5. Currency: The rupee closed 20 paise lower on Tuesday, at Rs 69.70 against the US dollar. The dollar remained sidelined against the yen at 108.53, and a shade firmer on a basket of currencies at 97.628. (Image: Reuters)
5. Currency: The rupee closed 20 paise lower on Tuesday, at Rs 69.70 against the US dollar. The dollar remained sidelined against the yen at 108.53, and a shade firmer on a basket of currencies at 97.628. (Image: Reuters)
6. US Federal Reserve: The Fed wraps up a two-day policy meeting in Washington on Wednesday. Powell and fellow U.S. central bankers are expected to leave interest rates steady but potentially lay the groundwork for a rate cut later this year. (Image: Reuters)
6. US Federal Reserve: The Fed wraps up a two-day policy meeting in Washington on Wednesday. Powell and fellow U.S. central bankers are expected to leave interest rates steady but potentially lay the groundwork for a rate cut later this year. (Image: Reuters)
7. European Central Bank: The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signalling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump. (Image: Reuters)
7. European Central Bank: The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signalling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump. (Image: Reuters)
8. Reserve Bank Of India: The Reserve Bank of India said it will infuse Rs 12,500 crore of liquidity into the system through purchase of government bonds. The Central bank would purchase five government bonds under open market operations (OMOs) on June 20. (Image: AP)
8. Reserve Bank Of India: The Reserve Bank of India said it will infuse Rs 12,500 crore of liquidity into the system through purchase of government bonds. The Central bank would purchase five government bonds under open market operations (OMOs) on June 20. (Image: AP)
9. IGST Refund Claims: With the government detecting fraudulent refund claims by exporters, the Central Board of Indirect Taxes and Customs  (CBIC) has asked customs and GST officers to closely verify the IGST refund claims before sanctioning them. CBIC has also asked director-general (systems) to identify a list of
9. IGST Refund Claims: With the government detecting fraudulent refund claims by exporters, the Central Board of Indirect Taxes and Customs  (CBIC) has asked customs and GST officers to closely verify the IGST refund claims before sanctioning them. CBIC has also asked director-general (systems) to identify a list of "risky exporters" and share it with customs and GST officers, so that an alert can be generated for 100 percent examination of their export consignments. (Stock Image)
10. Securities Exchange Board Of India: The SEBI on Tuesday permitted stock exchanges with commodity derivative segment to introduce futures on commodity indices. The market regulator said that it has now decided
10. Securities Exchange Board Of India: The SEBI on Tuesday permitted stock exchanges with commodity derivative segment to introduce futures on commodity indices. The market regulator said that it has now decided "to permit recognized stock exchanges with commodity derivative segment to introduce futures on commodity indices." (Image: Reuters)
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