Motilal Oswal
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Motilal Oswal
Economy

10 things you need to know before the opening bell on May 17

Updated : 2019-05-17 08:00:50

Indian shares are set to open on a flat note on Friday as investors turned cautious ahead of Lok Sabha election results due next week. Asian shares advanced on the back of upbeat US economic data and solid corporate results, however, US-China trade tensions kept the markets in check.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent and off a 15-week trough, but was still down 1.8% percent for the week. Japan's Nikkei bounced 0.7 percent in early trade, while the main Australian index added 0.5 percent. In South Korea, the Kospi gained 0.3 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent and off a 15-week trough, but was still down 1.8% percent for the week. Japan's Nikkei bounced 0.7 percent in early trade, while the main Australian index added 0.5 percent. In South Korea, the Kospi gained 0.3 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average closed 214.66 points higher at 25,862.68. The S&P 500 gained 0.9 percent to close at 2,876.32 while the Nasdaq Composite advanced 1 percent to 7,898.05. (Image: Reuters)
2. US: The Dow Jones Industrial Average closed 214.66 points higher at 25,862.68. The S&P 500 gained 0.9 percent to close at 2,876.32 while the Nasdaq Composite advanced 1 percent to 7,898.05. (Image: Reuters)
3. Markets At Close On Thursday: Indian markets ended higher on Thursday led by gains in IT, metal and OMC stocks. The Sensex settled 278.60 points lower at 37,393.48, while the Nifty50 slipped 100.10 points to end at 11,257.10. (Image: Reuters)
3. Markets At Close On Thursday: Indian markets ended higher on Thursday led by gains in IT, metal and OMC stocks. The Sensex settled 278.60 points lower at 37,393.48, while the Nifty50 slipped 100.10 points to end at 11,257.10. (Image: Reuters)
4. Crude Oil: Brent crude futures were at $72.82 a barrel at 00:24 GMT, up 20 cents, or 0.3%, from their last close. Brent closed up 1.2 percent on Thursday when prices hit a high of $73.36 a barrel - the highest since April 26. U.S. West Texas Intermediate (WTI) crude futures were at $63.18 per barrel, up 31 cents, or 0.5 percent, from their previous settlement. (Image: Reuters)
4. Crude Oil: Brent crude futures were at $72.82 a barrel at 00:24 GMT, up 20 cents, or 0.3%, from their last close. Brent closed up 1.2 percent on Thursday when prices hit a high of $73.36 a barrel - the highest since April 26. U.S. West Texas Intermediate (WTI) crude futures were at $63.18 per barrel, up 31 cents, or 0.5 percent, from their previous settlement. (Image: Reuters)
5. Rupee: The Indian rupee ended higher by 0.44 percent or 31 paise at 70.03 versus its previous close. (Image: Reuters)
5. Rupee: The Indian rupee ended higher by 0.44 percent or 31 paise at 70.03 versus its previous close. (Image: Reuters)
6. Dollar Index: The U.S. dollar rose against a basket of currencies as investors focused on trade war tensions, while the euro was hurt by concerns about next week’s European parliamentary elections. The dollar index rose 0.26 percent, with the euro down 0.21 percent to $1.1176. (Image: Reuters)
6. Dollar Index: The U.S. dollar rose against a basket of currencies as investors focused on trade war tensions, while the euro was hurt by concerns about next week’s European parliamentary elections. The dollar index rose 0.26 percent, with the euro down 0.21 percent to $1.1176. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 953 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 948 crore. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 953 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 948 crore. (Image: Reuters)
8. China Warns US On Blacklisting Huawei: China on Thursday warned retaliation for US President Donald Trump's order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take necessary measures to safeguard rights and interest of its business firms.
8. China Warns US On Blacklisting Huawei: China on Thursday warned retaliation for US President Donald Trump's order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take necessary measures to safeguard rights and interest of its business firms. "We urge the US to stop such practice and create favourable conditions for business cooperation. China will take necessary measures to safeguard Chinese business' legitimate rights and interests," said Chinese foreign ministry spokesman Lu Kang.(Image: Reuters)
9. RBI On NBFCs: The Reserve Bank of India (RBI) made it mandatory for NBFCs with assets size of more than Rs 50 billion to appoint a chief risk officer (CRO) to
9. RBI On NBFCs: The Reserve Bank of India (RBI) made it mandatory for NBFCs with assets size of more than Rs 50 billion to appoint a chief risk officer (CRO) to "ensure highest standards of risk management". The RBI said that the CRO shall be a senior official in the hierarchy of an NBFC and shall possess adequate professional qualification or experience in the area of risk management. The CRO should be appointed for a fixed tenure with the board's approval. (Image: Reuters)
10 Finance Commission Discussion With Finance Ministry: Finance Commission held discussions with the finance ministry on fiscal and economic management as well as rationalisation of expenditure related to centrally sponsored schemes, an official statement said on Thursday. The 15th Finance Commission observed that the GDP numbers suggest continued high growth over the medium term even though there have been fluctuations within the overall global trend. (Image: Reuters)
10 Finance Commission Discussion With Finance Ministry: Finance Commission held discussions with the finance ministry on fiscal and economic management as well as rationalisation of expenditure related to centrally sponsored schemes, an official statement said on Thursday. The 15th Finance Commission observed that the GDP numbers suggest continued high growth over the medium term even though there have been fluctuations within the overall global trend. (Image: Reuters)
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