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10 things you need to know before the opening bell on May 21

Updated : 2019-05-21 07:56:10

Indian shares are likely to open little changed on Tuesday, as investors are likely to refrain from taking big bets ahead of the general elections outcome on May 23. At 06:55 AM, the SGX Nifty was up 11.50 points, or 0.10 percent, at 11,876.55. On Monday, the benchmark indices closed at record highs as investors cheered exit poll results that showed a likely win for the ruling NDA in Lok Sabha polls. Stocks in Asia shares wobbled near four-month lows on mounting worries the US' black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.20 percent. Asian shares wobbled near four-month lows on mounting worries the US' black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing. The Nikkei in Japan declined  0.29 percent in trade. The Kospi added 0.55 percent and the ASX 200 in Australia slipped 0.47 percent. (Image: Reuters)
1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.20 percent. Asian shares wobbled near four-month lows on mounting worries the US' black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing. The Nikkei in Japan declined  0.29 percent in trade. The Kospi added 0.55 percent and the ASX 200 in Australia slipped 0.47 percent. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 84.1 points, or 0.33 percent, to 25,679.9. The S&P 500 lost 19.3 points, or 0.67 percent, to 2,840.23 and the Nasdaq Composite dropped 113.91 points, or 1.46 percent, to 7,702.38. (Image: Reuters)
2. US: The Dow Jones Industrial Average fell 84.1 points, or 0.33 percent, to 25,679.9. The S&P 500 lost 19.3 points, or 0.67 percent, to 2,840.23 and the Nasdaq Composite dropped 113.91 points, or 1.46 percent, to 7,702.38. (Image: Reuters)
3. Markets At Close: Indian shares recorded their biggest single-day performance on Monday after exit polls predicted a clear mandate for the Narendra Modi-led NDA in the Lok Sabha elections. The BSE Sensex rose 1,421.90 points, or 3.75 percent, to settle at 39,352.67. The Nifty 50 surged 421.10 points, or 3.69 percent, to close at 11,828.25. (Image: Reuters)
3. Markets At Close: Indian shares recorded their biggest single-day performance on Monday after exit polls predicted a clear mandate for the Narendra Modi-led NDA in the Lok Sabha elections. The BSE Sensex rose 1,421.90 points, or 3.75 percent, to settle at 39,352.67. The Nifty 50 surged 421.10 points, or 3.69 percent, to close at 11,828.25. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $72.07 per barrel at 00:33 GMT, up 10 cents, or 0.1 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up by 14 cents, or 0.2 percent, at $63.24 per barrel. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $72.07 per barrel at 00:33 GMT, up 10 cents, or 0.1 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up by 14 cents, or 0.2 percent, at $63.24 per barrel. (Image: Reuters)
5. Rupee & Dollar Index: The Indian rupee closed at 69.74, up 0.69 percent against the US dollar from its previous close of 70.22. While, the dollar index, which measures the greenback against a basket of currencies, fell 0.05 percent, with the euro up 0.08 percent to $1.1165. (Image: Reuters)
5. Rupee & Dollar Index: The Indian rupee closed at 69.74, up 0.69 percent against the US dollar from its previous close of 70.22. While, the dollar index, which measures the greenback against a basket of currencies, fell 0.05 percent, with the euro up 0.08 percent to $1.1165. (Image: Reuters)
6. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,734 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 543 crore. (Image: Reuters)
6. FIIs & DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 1,734 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 543 crore. (Image: Reuters)
 7. Ford Cuts Workforce: Ford Motor Company will eliminate about 10 percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring. Ford Chief Executive Jim Hackett said in a Monday email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. (Image: Reuters)
 7. Ford Cuts Workforce: Ford Motor Company will eliminate about 10 percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring. Ford Chief Executive Jim Hackett said in a Monday email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. (Image: Reuters)
8. Boycott Apple Movement In China: As the Washington-Beijing trade war intensifies along with fresh restrictions on Chinese telecom giant Huawei in the US, there has been a significant rise in
8. Boycott Apple Movement In China: As the Washington-Beijing trade war intensifies along with fresh restrictions on Chinese telecom giant Huawei in the US, there has been a significant rise in "Boycott Apple" movement in China. China has urged the US to stop "harassing overseas companies" and slammed US President Donald Trump's decision to sign a national emergency order that prohibits American firms from using foreign-made equipment, citing espionage fears. (Image: Reuters)
9. Sensex, Nifty Biggest 1-Day Gain Since May 2009: Markets recorded their biggest single-day performance on Monday after as investors cheered the exit polls predicting a clear mandate for the Narendra Modi-led NDA in the Lok Sabha elections. The BSE Sensex and the Nifty 50 settled over 3.5 percent higher. The Nifty Bank index, which rose 1,309 points, or 4.45 percent, registered its biggest gain ever. (Image: Reuters)
9. Sensex, Nifty Biggest 1-Day Gain Since May 2009: Markets recorded their biggest single-day performance on Monday after as investors cheered the exit polls predicting a clear mandate for the Narendra Modi-led NDA in the Lok Sabha elections. The BSE Sensex and the Nifty 50 settled over 3.5 percent higher. The Nifty Bank index, which rose 1,309 points, or 4.45 percent, registered its biggest gain ever. (Image: Reuters)
10. Investor Wealth After Exit Polls: Investors wealth soared by more than Rs 5.33 lakh crore as the benchmark BSE Sensex sprinted more than 1,422 points on Monday after exit polls predicted a return of the NDA government led by the BJP. Tracking the sharp uptrend in equities, the market capitalisation of BSE-listed companies jumped by Rs 5,33,463.04 crore on Monday. At the end of Monday's trading session, the market capitalisation of BSE-listed companies stood at Rs 1,51,86,312.05 crore against Rs 1,46,58,709.68 crore on Friday. (Image: Reuters)
10. Investor Wealth After Exit Polls: Investors wealth soared by more than Rs 5.33 lakh crore as the benchmark BSE Sensex sprinted more than 1,422 points on Monday after exit polls predicted a return of the NDA government led by the BJP. Tracking the sharp uptrend in equities, the market capitalisation of BSE-listed companies jumped by Rs 5,33,463.04 crore on Monday. At the end of Monday's trading session, the market capitalisation of BSE-listed companies stood at Rs 1,51,86,312.05 crore against Rs 1,46,58,709.68 crore on Friday. (Image: Reuters)
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