Motilal Oswal
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Motilal Oswal
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10 things you need to know before the opening bell on May 2

Updated : 2019-05-02 09:59:53

Indian shares are likely to start on a negative note on Thursday following losses in global markets. Stock markets in Japan and China were shut for holidays. The US dollar held gains after the US Federal Reserve held interest rates steady and signaled little appetite to adjust them any time soon. Indian markets were closed on Wednesday on account of International Labour Day. On Tuesday, benchmark indices reversed gains and ended lower amidst rising crude oil prices. The Sensex closed lower at 39,031.55, down 35.78 points while Nifty50 closed at 11,748.15, down 6.50 points. Oil prices dipped on Thursday after US crude oil production surged in stockpiles. However, oil markets remained tense as all exemptions to US sanctions on Iran expired, the political crisis in Venezuela escalated, and as producer club OPEC kept withholding supply. At 7.00 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.4 percent at 11,801.50, indicating a tepid start for the Sensex and Nifty.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.1 percent, trading in a tight band. Australian shares slipped 0.7 percent while New Zealand was up 0.4 percent and South Korea's KOSPI index added 0.1 percent. E-Mini futures for the S&P 500 were unchanged. Trading in Japan will resume next Tuesday while China will be back in action on Monday. Japan's Nikkei was down 0.22 percent at 22,258.73 while Kospi was 0.05 lower at 2,202.45. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.1 percent, trading in a tight band. Australian shares slipped 0.7 percent while New Zealand was up 0.4 percent and South Korea's KOSPI index added 0.1 percent. E-Mini futures for the S&P 500 were unchanged. Trading in Japan will resume next Tuesday while China will be back in action on Monday. Japan's Nikkei was down 0.22 percent at 22,258.73 while Kospi was 0.05 lower at 2,202.45. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 162.77 points, or 0.61 percent, to 26,430.14, the S&P 500 lost 22.1 points, or 0.75 percent, to 2,923.73 and the Nasdaq Composite dropped 45.75 points, or 0.57 percent, to 8,049.64. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 162.77 points, or 0.61 percent, to 26,430.14, the S&P 500 lost 22.1 points, or 0.75 percent, to 2,923.73 and the Nasdaq Composite dropped 45.75 points, or 0.57 percent, to 8,049.64. (Image: Reuters)
3. Markets At Close On Tuesday: Indian markets closed marginally lower on Tuesday. BSE Sensex closed lower at 39,031.55, down 35.78 points while Nifty50 closed at 11,748.15, down 6.50 points. (Image: Stock Image)
3. Markets At Close On Tuesday: Indian markets closed marginally lower on Tuesday. BSE Sensex closed lower at 39,031.55, down 35.78 points while Nifty50 closed at 11,748.15, down 6.50 points. (Image: Stock Image)
4. Crude Oil: Oil prices dipped on Thursday after data showed record US crude oil production, which resulted in a surge in stockpiles. Spot Brent crude futures were at $72.09 per barrel at 00:32 GMT, down 9 cents, or 0.1 percent, from their last close. US West Texas Intermediate (WTI) crude futures were down 2 cents, at $63.58 per barrel, having eased 0.5 percent in the previous session. (Image: Reuters)
4. Crude Oil: Oil prices dipped on Thursday after data showed record US crude oil production, which resulted in a surge in stockpiles. Spot Brent crude futures were at $72.09 per barrel at 00:32 GMT, down 9 cents, or 0.1 percent, from their last close. US West Texas Intermediate (WTI) crude futures were down 2 cents, at $63.58 per barrel, having eased 0.5 percent in the previous session. (Image: Reuters)
5. Rupee: The rupee was down 45 paise at 69.56 against the US dollar on Tuesday. Domestic forex were closed on Wednesday on account of International Labour Day. (Image: Reuters)
5. Rupee: The rupee was down 45 paise at 69.56 against the US dollar on Tuesday. Domestic forex were closed on Wednesday on account of International Labour Day. (Image: Reuters)
6. US Dollar: The dollar index held at 97.631 against a basket of major currencies after going as high as 97.728 on Wednesday. It stood at 111.49 yen after consistently easing from a four-month high of 112.39 touched last week. (Image: Reuters)
6. US Dollar: The dollar index held at 97.631 against a basket of major currencies after going as high as 97.728 on Wednesday. It stood at 111.49 yen after consistently easing from a four-month high of 112.39 touched last week. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors bought Rs 115 crore while domestic institutional investors bought Rs 730 crore in the cash market on April 30. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors bought Rs 115 crore while domestic institutional investors bought Rs 730 crore in the cash market on April 30. (Image: Reuters)
8. NSE Co-location Case: The Securities and Exchange Board of India (Sebi) on Tuesday directed National Stock Exchange of India Ltd (NSE) to pay Rs 624.89 crore with 12 percent interest from April 1, 2014 and barred it from the securities market for six months for allegedly misusing its co-location service. (Image: Stock Image)
8. NSE Co-location Case: The Securities and Exchange Board of India (Sebi) on Tuesday directed National Stock Exchange of India Ltd (NSE) to pay Rs 624.89 crore with 12 percent interest from April 1, 2014 and barred it from the securities market for six months for allegedly misusing its co-location service. (Image: Stock Image)
9. US Fed Rate Hike: The US Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. (Image: Reuters)
9. US Fed Rate Hike: The US Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. (Image: Reuters)
10. GST Collection In April: The total gross Goods and Services Tax (GST) revenue collection for the month of April reached Rs 1,13,865 crore, marking the highest ever mop-up recorded under the unified tax regime since its introduction. Of the total GST revenue collected, CGST (central GST) contributed Rs 21,163 crore, SGST (state GST) Rs 28,801 crore, (Image: Reuters)
10. GST Collection In April: The total gross Goods and Services Tax (GST) revenue collection for the month of April reached Rs 1,13,865 crore, marking the highest ever mop-up recorded under the unified tax regime since its introduction. Of the total GST revenue collected, CGST (central GST) contributed Rs 21,163 crore, SGST (state GST) Rs 28,801 crore, (Image: Reuters)
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