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10 things you need to know before the opening bell on May 16

Updated : 2019-05-16 08:05:29

Indian shares are set for a flat start on Thursday as investors remained cautious amid US-China trade tensions and ahead of Lok Sabha elections results next week. Indian Meteorological Department said the southwest monsoon could be delayed by five days and is likely to hit Kerala on June 5. Moreover, Indian trade data showed that merchandise exports stood at $26 billion in April, while imports at $41.4 billion, leading to a trade gap of $15.33 billion, the widest deficit since November 2018. Asian shares were steady after reports that US President Donald Trump is planning to delay tariffs on auto imports, giving much-needed relief to markets. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 settled over 0.5 percent lower in the previous session. At 06:53 AM, the SGX Nifty was up 8 points, or 0.07 percent, at 11,170, indicating a sluggish start for the Sensex and the Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.50 percent. The Nikkei in Japan slipped 0.52 percent, South Korea's KOSPI fell 0.11 percent. Australian stocks added 0.15 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.50 percent. The Nikkei in Japan slipped 0.52 percent, South Korea's KOSPI fell 0.11 percent. Australian stocks added 0.15 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average ended higher by 115.97 points to 25,648.02. The S&P 500 advanced 0.6 percent to 2,850.96 and Nasdaq climbed 1.1 percent to end the day at 7,822.15. (Image: Reuters)
2. US: The Dow Jones Industrial Average ended higher by 115.97 points to 25,648.02. The S&P 500 advanced 0.6 percent to 2,850.96 and Nasdaq climbed 1.1 percent to end the day at 7,822.15. (Image: Reuters)
3. Markets At Close On Wednesday: Indian markets ended lower on Wednesday on the back of a selloff in stocks such as Yes Bank and Tata Motors. The Sensex settled 203.65 points lower at 37,114.88, while the Nifty50 slipped 65.05 points to end at 11,157. (Image: Reuters)
3. Markets At Close On Wednesday: Indian markets ended lower on Wednesday on the back of a selloff in stocks such as Yes Bank and Tata Motors. The Sensex settled 203.65 points lower at 37,114.88, while the Nifty50 slipped 65.05 points to end at 11,157. (Image: Reuters)
4. Crude Oil: Brent crude rose 0.7 percent to $72.25 a barrel, while US West Texas Intermediate (WTI) crude fetched $62.45 a barrel, up 0.7 percent.
4. Crude Oil: Brent crude rose 0.7 percent to $72.25 a barrel, while US West Texas Intermediate (WTI) crude fetched $62.45 a barrel, up 0.7 percent.
5. Rupee And Dollar Index: The Indian rupee ended lower by 0.14 percent at 70.33 versus previous close of 70.47. While, the dollar index, which tracks the greenback against a basket of its peers, was at 97.548. (Image: Reuters)
5. Rupee And Dollar Index: The Indian rupee ended lower by 0.14 percent at 70.33 versus previous close of 70.47. While, the dollar index, which tracks the greenback against a basket of its peers, was at 97.548. (Image: Reuters)
6. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 1,142 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 672 crore. (Image: Reuters)
6. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 1,142 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 672 crore. (Image: Reuters)
7. Chinese President Xi Jinping On Trade War: China will only be more open to the world, President Xi Jinping said on Wednesday, as he denounced as
7. Chinese President Xi Jinping On Trade War: China will only be more open to the world, President Xi Jinping said on Wednesday, as he denounced as "stupid" those who believe in cultural superiority, in his first public address since trade tension with the United States spiked last week. China on Monday announced higher tariffs on $60 billion worth of US goods, effective on June 1, in retaliation for a US decision on Friday to raise levies on $200 billion worth of Chinese imports. (Image: AP)
8. NSE Fines 250 Companies For Non-Compliance: The National Stock Exchange imposed fines and issued notices to 250 companies for not adhering to the Listing Obligations and Disclosure Requirements (LODR). This include companies such as Adani Ports, Jet Airways, Indraprastha Gas, BPCL, Interglobe Aviation and others. Around 32 on the list are liable to pay Rs 4.5 lakh each. (stock image)
8. NSE Fines 250 Companies For Non-Compliance: The National Stock Exchange imposed fines and issued notices to 250 companies for not adhering to the Listing Obligations and Disclosure Requirements (LODR). This include companies such as Adani Ports, Jet Airways, Indraprastha Gas, BPCL, Interglobe Aviation and others. Around 32 on the list are liable to pay Rs 4.5 lakh each. (stock image)
9. April Exports Data: India's exports rose marginally by 0.64 percent in April to $26 billion, while imports increased by 4.5 percent to $41.4 billion compared to the year-ago month, according to official data released Wednesday. Imports increased by 4.5 percent, the highest growth in the last six months as crude oil and gold shipments shot up in the month. (Image: AP)
9. April Exports Data: India's exports rose marginally by 0.64 percent in April to $26 billion, while imports increased by 4.5 percent to $41.4 billion compared to the year-ago month, according to official data released Wednesday. Imports increased by 4.5 percent, the highest growth in the last six months as crude oil and gold shipments shot up in the month. (Image: AP)
10 Monsoon In Kerala: The monsoon is expected to hit the southern state of Kerala on June 6, the India Meteorological Department (IMD) said in a statement on Wednesday, adding that the season has been slightly delayed to enter the agricultural-driven country. IMD also added that the monsoon will slowly progress northward. (Image: Reuters)
10 Monsoon In Kerala: The monsoon is expected to hit the southern state of Kerala on June 6, the India Meteorological Department (IMD) said in a statement on Wednesday, adding that the season has been slightly delayed to enter the agricultural-driven country. IMD also added that the monsoon will slowly progress northward. (Image: Reuters)
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