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10 things you need to know before the opening bell on June 22

Updated : 2020-06-22 08:13:54

The Indian market is likely to open lower on Monday tracking weakness in Asian peers as the number of coronavirus cases stateside soared again. At 8:05 am, the SGX Nifty was trading 38.70 points or 0.38 percent lower at 10,208.00, indicating a negative start for the Sensex and Nifty50.

1.  Asia:  Asian stocks traded lower Monday as the number of coronavirus cases stateside soared again. Overall, the MSCI Asia ex-Japan index traded 0.29% lower. Meanwhile, China left its benchmark lending rate unchanged for the second straight month at its June fixing.
1. Asia: Asian stocks traded lower Monday as the number of coronavirus cases stateside soared again. Overall, the MSCI Asia ex-Japan index traded 0.29% lower. Meanwhile, China left its benchmark lending rate unchanged for the second straight month at its June fixing.
2.  Wall Street:  US stocks ended mixed Friday as investors weighed spiking cases of COVID-19 and Apple Inc's announcement of fresh store closures against the anticipated stimulus and continued economic recovery. The S&P 500 ultimately settled in the red, along with the blue-chip Dow, while the tech-heavy Nasdaq closed nominally higher. The Dow Jones Industrial Average fell 208.64 points, or 0.8 percent, to 25,871.46, the S&P 500 lost 17.53 points, or 0.56 percent, to 3,097.81 and the Nasdaq Composite added 3.07 points, or 0.03 percent, to 9,946.12. (Image: Reuters)
2. Wall Street: US stocks ended mixed Friday as investors weighed spiking cases of COVID-19 and Apple Inc's announcement of fresh store closures against the anticipated stimulus and continued economic recovery. The S&P 500 ultimately settled in the red, along with the blue-chip Dow, while the tech-heavy Nasdaq closed nominally higher. The Dow Jones Industrial Average fell 208.64 points, or 0.8 percent, to 25,871.46, the S&P 500 lost 17.53 points, or 0.56 percent, to 3,097.81 and the Nasdaq Composite added 3.07 points, or 0.03 percent, to 9,946.12. (Image: Reuters)
3.  Closing Bell:  Indian indices rose on Friday, riding on gains in financials and index heavyweight Reliance shares after the oil-to-telecoms conglomerate said it had become net-debt free, taking some focus away from rising coronavirus infections and border tensions with China. The Sensex ended 523 points higher at 34,732, while the Nifty50 rose 153 points to settle at 10,244. Both indices finished the week on a positive note.
3. Closing Bell: Indian indices rose on Friday, riding on gains in financials and index heavyweight Reliance shares after the oil-to-telecoms conglomerate said it had become net-debt free, taking some focus away from rising coronavirus infections and border tensions with China. The Sensex ended 523 points higher at 34,732, while the Nifty50 rose 153 points to settle at 10,244. Both indices finished the week on a positive note.
4.  Crude oil:  Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains. Brent crude rose 9 cents, or 0.2 percent, to $42.28 a barrel, while US crude was at $39.76 a barrel, up 1 cent. (Image Reuters)
4. Crude oil: Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains. Brent crude rose 9 cents, or 0.2 percent, to $42.28 a barrel, while US crude was at $39.76 a barrel, up 1 cent. (Image Reuters)
5.  Rupee:  The rupee settled 6 paise lower at 76.20 against the US dollar on Friday as strengthening of the US currency and rising COVID-19 cases weighed on investor sentiment. Positive domestic equities and fresh foreign fund inflows, however, supported the rupee and restricted the decline to some extent. The rupee opened at 76.28 against the US dollar and rose to an intra-day high of 76.17. The rupee finally settled at 76.20 against the US dollar, down 6 paise over its previous close.
5. Rupee: The rupee settled 6 paise lower at 76.20 against the US dollar on Friday as strengthening of the US currency and rising COVID-19 cases weighed on investor sentiment. Positive domestic equities and fresh foreign fund inflows, however, supported the rupee and restricted the decline to some extent. The rupee opened at 76.28 against the US dollar and rose to an intra-day high of 76.17. The rupee finally settled at 76.20 against the US dollar, down 6 paise over its previous close.
6.  Coronavirus:  The World Health Organization on Sunday reported the largest single-day increase in coronavirus cases by its count, at more than 183,000 new cases in the latest 24 hours. The UN health agency said Brazil led the way with 54,771 cases tallied and the US next at 36,617. Over 15,400 came in in India. (Image: AP)
6. Coronavirus: The World Health Organization on Sunday reported the largest single-day increase in coronavirus cases by its count, at more than 183,000 new cases in the latest 24 hours. The UN health agency said Brazil led the way with 54,771 cases tallied and the US next at 36,617. Over 15,400 came in in India. (Image: AP)
7.  US Visa Restrictions:  US President Donald Trump has said he will be announcing new visa restrictions in the coming days. “We're going to be announcing something tomorrow or the next day on visas,” Xinhua news agency quoted Trump as saying in a Fox News interview on Sunday. He however declined to give any details but acknowledged that there will be some exclusions.
7. US Visa Restrictions: US President Donald Trump has said he will be announcing new visa restrictions in the coming days. “We're going to be announcing something tomorrow or the next day on visas,” Xinhua news agency quoted Trump as saying in a Fox News interview on Sunday. He however declined to give any details but acknowledged that there will be some exclusions.
8.  RBI:  The RBI on Sunday said lending institutions should assign zero percent risk weight on the credit facilities extended under the Emergency Credit Line Guarantee Scheme to MSME borrowers announced by the government in the wake of COVID-19 pandemic.
8. RBI: The RBI on Sunday said lending institutions should assign zero percent risk weight on the credit facilities extended under the Emergency Credit Line Guarantee Scheme to MSME borrowers announced by the government in the wake of COVID-19 pandemic.
9.  Bank credit:  Bank credit grew 6.24 percent to Rs 102.54 lakh crore while deposits grew 11.28 cent to Rs 139.55 lakh crore in the fortnight ended June 5, according to the data from the Reserve Bank of India (RBI). In the fortnight ended June 7, 2019, bank loans had stood at Rs 96.51 lakh crore and deposits at Rs 125.40 lakh crore.
9. Bank credit: Bank credit grew 6.24 percent to Rs 102.54 lakh crore while deposits grew 11.28 cent to Rs 139.55 lakh crore in the fortnight ended June 5, according to the data from the Reserve Bank of India (RBI). In the fortnight ended June 7, 2019, bank loans had stood at Rs 96.51 lakh crore and deposits at Rs 125.40 lakh crore.
10.  BS-VI norms:  The Ministry of Road Transport and Highways issued a draft notification for deferment of BS (CEV/TREM)-IV emission norms for construction vehicles, tractors and harvesters. The ministry has proposed to postpone new emission norms for these categories till October 1, 2021. The new emission norms for construction equipment vehicles, tractors and harvesters were supposed to come into effect on 1st October 2020. The central government will issue a formal notification after receiving suggestions over the next 30 days.
10. BS-VI norms: The Ministry of Road Transport and Highways issued a draft notification for deferment of BS (CEV/TREM)-IV emission norms for construction vehicles, tractors and harvesters. The ministry has proposed to postpone new emission norms for these categories till October 1, 2021. The new emission norms for construction equipment vehicles, tractors and harvesters were supposed to come into effect on 1st October 2020. The central government will issue a formal notification after receiving suggestions over the next 30 days.
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