• SENSEX
    NIFTY 50
Market

10 things you need to know before the opening bell on June 27

Updated : 2019-06-28 06:56:18

Indian shares are set to open little changed on Thursday in line with muted trades in the global markets. Asian shares struggled to find directors after US President Donald Trump gave mixed signals on US-China trade negotiations. At 7.16 AM, the SGX Nifty futures traded 1.50 points, or 0.01 percent, lower at 11,867.50, indicating a flat start for the Sensex and the Nifty 50.

1. Asia: Asian markets were busy going nowhere on Thursday as confusion shrouded the chances of any progress in the Sino-U.S. trade standoff, while bulls scaled back wagers for a drastic cut in U.S. interest rates. Investors were clearly on the sidelines with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.01 percent in very light trade. Japan's Nikkei added 0.3 percent, helped by a pullback in the yen, while Australian stocks eased 0.4 percent. E-Mini futures for the S&P 500 were 0.03 percent firmer. (Image: Reuters)
1. Asia: Asian markets were busy going nowhere on Thursday as confusion shrouded the chances of any progress in the Sino-U.S. trade standoff, while bulls scaled back wagers for a drastic cut in U.S. interest rates. Investors were clearly on the sidelines with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.01 percent in very light trade. Japan's Nikkei added 0.3 percent, helped by a pullback in the yen, while Australian stocks eased 0.4 percent. E-Mini futures for the S&P 500 were 0.03 percent firmer. (Image: Reuters)
2. US: U.S. stocks rose through much of the session, but Wall Street gave back gains and the benchmark S&P 500 and Dow industrials closed lower. The Dow Jones Industrial Average fell 11.4 points, or 0.04 percent, to 26,536.82. The S&P 500 lost 3.6 points, or 0.12 percent, to 2,913.78 and the Nasdaq Composite added 25.25 points, or 0.32 percent, to 7,909.97. (Image: Reuters)
2. US: U.S. stocks rose through much of the session, but Wall Street gave back gains and the benchmark S&P 500 and Dow industrials closed lower. The Dow Jones Industrial Average fell 11.4 points, or 0.04 percent, to 26,536.82. The S&P 500 lost 3.6 points, or 0.12 percent, to 2,913.78 and the Nasdaq Composite added 25.25 points, or 0.32 percent, to 7,909.97. (Image: Reuters)
3. Markets At Close On Wednesday: Indian indices ended higher for the second consecutive session on June 26 with Nifty ended around 11,850. At close, Sensex was up 157.14 points at 39,592.08, while Nifty was up 51 points at 11,847.50. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 106 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 51 crore. (Image: Reuters)
3. Markets At Close On Wednesday: Indian indices ended higher for the second consecutive session on June 26 with Nifty ended around 11,850. At close, Sensex was up 157.14 points at 39,592.08, while Nifty was up 51 points at 11,847.50. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 106 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 51 crore. (Image: Reuters)
4. Crude Oil: Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts. Brent crude futures were down 44 cents, or 0.7%, at $66.05 by 0059 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.7%, at $58.97. (Image: Reuters)
4. Crude Oil: Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts. Brent crude futures were down 44 cents, or 0.7%, at $66.05 by 0059 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.7%, at $58.97. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.15 against the US dollar, 0.27 percent lower on Tuesday. The dollar index, which measures the U.S. currency against six of its peers, was at 96.1800 after slipping from levels above 97.5 last week. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.15 against the US dollar, 0.27 percent lower on Tuesday. The dollar index, which measures the U.S. currency against six of its peers, was at 96.1800 after slipping from levels above 97.5 last week. (Image: Reuters)
6. Reserve Bank of India: Over a year after it first issued its data localisation circular and eight months after that circular was to be brought into effect, the Reserve Bank of India (RBI) has issued frequently asked questions (FAQs) on the circular on Wednesday. The central bank has made it clear that payment system data is to be stored exclusively in India, and that if the data needs to be processed abroad, all copies of that data must be deleted within 24 hours. (Image: Reuters)
6. Reserve Bank of India: Over a year after it first issued its data localisation circular and eight months after that circular was to be brought into effect, the Reserve Bank of India (RBI) has issued frequently asked questions (FAQs) on the circular on Wednesday. The central bank has made it clear that payment system data is to be stored exclusively in India, and that if the data needs to be processed abroad, all copies of that data must be deleted within 24 hours. (Image: Reuters)
7. RBI on FBAs: The RBI on Wednesday issued guidelines for setting up of financial benchmark administrator (FBA) for administering
7. RBI on FBAs: The RBI on Wednesday issued guidelines for setting up of financial benchmark administrator (FBA) for administering "significant benchmarks" in the markets for financial instruments. Benchmarks administered outside India do not fall under the scope of the guidelines, the RBI said in a statement. Significant benchmark means any benchmark notified by the Reserve Bank of India, it said adding that the central bank will notify a benchmark as a 'significant benchmark' taking into consideration its use, efficiency and relevance in domestic financial markets. (Image: Reuters)
8. RBI on MSME: The U K Sinha Committee, set up by the RBI on micro, small and medium enterprises, has recommended financial support of Rs 15,000 crore to the MSME sector, which contributes significantly to employment generation and has as a hefty share of over 40 percent in exports. The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the sector, said the report submitted by the nine-member committee to the Reserve Bank of India (RBI) Tuesday. (Image: Reuters)
8. RBI on MSME: The U K Sinha Committee, set up by the RBI on micro, small and medium enterprises, has recommended financial support of Rs 15,000 crore to the MSME sector, which contributes significantly to employment generation and has as a hefty share of over 40 percent in exports. The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the sector, said the report submitted by the nine-member committee to the Reserve Bank of India (RBI) Tuesday. (Image: Reuters)
9. Inflation: Inflation pressure faced by expat executives in the financial capital has come down sharply in 2019 and is much below the price rise faced by the average Indian, claims a study. Mumbai, however, continues to be the most expensive city for expats in the country and Kolkata is the cheapest, a study by headhunter Mercer said on Wednesday. (Image: Reuters)
9. Inflation: Inflation pressure faced by expat executives in the financial capital has come down sharply in 2019 and is much below the price rise faced by the average Indian, claims a study. Mumbai, however, continues to be the most expensive city for expats in the country and Kolkata is the cheapest, a study by headhunter Mercer said on Wednesday. (Image: Reuters)
10. Exports: The government should take strict action against erring exporters but should ensure that no innocent is taken to task, apex exporters body FIEO said on Wednesday. Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said they completely support the government in action against exporters who are following fraudulent practices.
10. Exports: The government should take strict action against erring exporters but should ensure that no innocent is taken to task, apex exporters body FIEO said on Wednesday. Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said they completely support the government in action against exporters who are following fraudulent practices. "Traders who are doing malpractices should be punished strongly but we would urge the government not to punish innocent exporters," Gupta told PTI. (Image: Reuters)
Live TV

Ask Our Experts CNBC TV18