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10 things you need to know before the opening bell on March 20

Updated : 2020-03-20 08:11:26

Volatility has been the name of the game in markets across the globe after the outbreak of the coronavirus pandemic. At 8 am, the SGX Nifty is trading 40.60 points or 0.49 percent higher at 8,246.50 and the Asian peers are also in the green with the Chinese, Korean, Hong Kong and Australian markets trading in the green, taking cues from the overnight Wall Street close.

1. Asia: Share market in Asia sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done. (Image Source: Reuters)
1. Asia: Share market in Asia sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done. (Image Source: Reuters)
2. US: Stocks in the US managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. The Dow Jones Industrial Average rose 188.27 points, or 0.95 percent, to 20,087.19, the S&P 500 gained 11.29 points, or 0.47 percent, to 2,409.39 and the Nasdaq Composite added 160.73 points, or 2.3 percent, to 7,150.58. (Image Source: Reuters)
2. US: Stocks in the US managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. The Dow Jones Industrial Average rose 188.27 points, or 0.95 percent, to 20,087.19, the S&P 500 gained 11.29 points, or 0.47 percent, to 2,409.39 and the Nasdaq Composite added 160.73 points, or 2.3 percent, to 7,150.58. (Image Source: Reuters)
3. Market At Close On Thursday: Indian stocks ended lower after a volatile session on Thursday, in line with Asian peers, dragged mainly by financial stocks and index heavyweights like RIL, L&T, and Maruti Suzuki. Unabated panic over the coronavirus pandemic eclipsed steps taken by global central banks to arrest the economic fallout from the outbreak. The BSE Sensex shed 581 points to close at 28,288, and the Nifty tumbled 205 points to close at 8,263. Foreign institutional investors sold Rs 4,623 crore in the cash market while the domestic institutional investors bought Rs 4,367 crore. (Image Source: Reuters)
3. Market At Close On Thursday: Indian stocks ended lower after a volatile session on Thursday, in line with Asian peers, dragged mainly by financial stocks and index heavyweights like RIL, L&T, and Maruti Suzuki. Unabated panic over the coronavirus pandemic eclipsed steps taken by global central banks to arrest the economic fallout from the outbreak. The BSE Sensex shed 581 points to close at 28,288, and the Nifty tumbled 205 points to close at 8,263. Foreign institutional investors sold Rs 4,623 crore in the cash market while the domestic institutional investors bought Rs 4,367 crore. (Image Source: Reuters)
4. Crude Oil: It gains late in the day after U.S. President Donald Trump said on Thursday he would get involved in the dispute between Saudi Arabia and Russia
4. Crude Oil: It gains late in the day after U.S. President Donald Trump said on Thursday he would get involved in the dispute between Saudi Arabia and Russia "at the appropriate time." West Texas Intermediate (WTI) crude settled up $4.85, or 24 percent, to $25.22 after dropping nearly 25 percent to an 18-year low in the previous session. It then briefly extended gains in post-close trading to as much as 35 percent. Brent crude settled up $3.59, or 14.4 percent, at $28.47 a barrel, having plunged to $24.52 on Wednesday, its lowest since 2003. (Image Source: Reuters)
5. Rupee Close: The rupee fell sharply against the US dollar today to register a new low as the greenback continued its rally against other global currencies. The rupee fell to 75.31 against the dollar at day's low, compared to its previous close of 74.24. The rupee settled at 74.99 against the US dollar. The dollar today also surged against other Asian currencies as investors sold currencies, bonds and stocks in Asia to pile into the world’s reserve currency. (Image Source: Reuters)
5. Rupee Close: The rupee fell sharply against the US dollar today to register a new low as the greenback continued its rally against other global currencies. The rupee fell to 75.31 against the dollar at day's low, compared to its previous close of 74.24. The rupee settled at 74.99 against the US dollar. The dollar today also surged against other Asian currencies as investors sold currencies, bonds and stocks in Asia to pile into the world’s reserve currency. (Image Source: Reuters)
6. PM Modi's Pitch To Industry/Business Houses: As the coronavirus pandemic is impacting businesses in India and around the world, Prime Minister Narendra Modi has urged the business community and higher-income groups to not cut salaries or resort to layoffs during this testing time. To deal with the economic challenges caused by the pandemic, Modi announced the creation of
6. PM Modi's Pitch To Industry/Business Houses: As the coronavirus pandemic is impacting businesses in India and around the world, Prime Minister Narendra Modi has urged the business community and higher-income groups to not cut salaries or resort to layoffs during this testing time. To deal with the economic challenges caused by the pandemic, Modi announced the creation of "COVID-19 Economic Response Task Force" under Finance Minister Nirmala Sitharaman. The Task Force will consult stakeholders, take feedback, on the basis of which decisions will be taken to meet various challenges. He also urged everyone to spread the message of "Janata Curfew" at least 10 other people over the phone. (Image Source: Reuters)
7. SEBI Allows Companies To Submit Q3 Results By June 30: Capital market regulator Securities & Exchange Board of India (SEBI) on Thursday relaxed some listing disclosure obligations amid the outbreak of coronavirus or COVID-19 allowing companies to submit their March quarter and FY20 results by June 30. The regulator also granted relaxation of one month on a half-yearly compliance certificate on share transfer. Further, Sebi also allowed 3 weeks of relaxation on quarterly statements of investor complaints and one month on submission of the Annual Compliance Report. (Image Source: Reuters)
7. SEBI Allows Companies To Submit Q3 Results By June 30: Capital market regulator Securities & Exchange Board of India (SEBI) on Thursday relaxed some listing disclosure obligations amid the outbreak of coronavirus or COVID-19 allowing companies to submit their March quarter and FY20 results by June 30. The regulator also granted relaxation of one month on a half-yearly compliance certificate on share transfer. Further, Sebi also allowed 3 weeks of relaxation on quarterly statements of investor complaints and one month on submission of the Annual Compliance Report. (Image Source: Reuters)
8. No International Flight To Land In India From March 22: The government has said it will not allow any scheduled international commercial passenger aircraft to land in India beginning March 22 for a period of a week.
8. No International Flight To Land In India From March 22: The government has said it will not allow any scheduled international commercial passenger aircraft to land in India beginning March 22 for a period of a week. "No commercial aircraft shall land in India after midnight falling between March 21 and March 22 till midnight falling between March 28 and March 29," Lav Agarwal, Joint Secretary, Ministry of Health and Family Welfare, said at a press conference. (Image Source: Reuters)
9. Global Growth May Shrink To 1%: Following the coronavirus pandemic, global growth may shrink to 1 percent in 2020, down from 2.3 percent before the outbreak started, as four major economies -- Japan, Italy, Germany, France -- are likely to experience a full-year recession, says a report. As per its assumption, the virus will infect around 50 percent of the world population; 20 percent of the cases will be severe, and 1-3 percent will result in deaths.
9. Global Growth May Shrink To 1%: Following the coronavirus pandemic, global growth may shrink to 1 percent in 2020, down from 2.3 percent before the outbreak started, as four major economies -- Japan, Italy, Germany, France -- are likely to experience a full-year recession, says a report. As per its assumption, the virus will infect around 50 percent of the world population; 20 percent of the cases will be severe, and 1-3 percent will result in deaths. "Global growth? will stand at 1 percent for 2020, down from 2.3 percent before the outbreak started. This is the lowest rate in global growth since the global financial crisis," The EIU has said. (Image Source: Shutterstock)
10. Government Approves Investment Under PMAY: An investment of Rs 6.16 lakh crore has been approved so far under the Pradhan Mantri Awas Yojana (Urban) and the committed central assistance is Rs 1.65 lakh crore, Union minister Hardeep Singh Puri said on Thursday. 
10. Government Approves Investment Under PMAY: An investment of Rs 6.16 lakh crore has been approved so far under the Pradhan Mantri Awas Yojana (Urban) and the committed central assistance is Rs 1.65 lakh crore, Union minister Hardeep Singh Puri said on Thursday.  "The total investment approved under PMAY(U), so far, is Rs 6.16 lakh crore with committed central assistance of Rs 1.65 lakh crore," he said in a written reply. The housing sector contributes significantly to the country's Gross Domestic Product with a direct impact on employment generation, he added. (Image Source: Reuters)
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