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10 things you need to know before the opening bell on May 23

Updated : 2019-05-23 07:14:09

Indian shares are likely to open lower on Thursday as investors remained cautious ahead of the final results of the 2019 Lok Sabha elections. At 07:10 AM, SGX Nifty traded 32.5 points lower, or 0.28 percent, at 11,747.50, indicating a negative start for the BSE Sensex and NSE’s Nifty 50.

1.. 2019 Lok Sabha General Election Results Today: India gears up for counting of votes today for the 17th Lok Sabha elections on May 23. The Election Commission of India (ECI) will begin counting of votes at 8 am across 542 Lok Sabha constituencies. Approximately 60 crore voters have cast ballots across 10 lakh booths in 29 states and seven union territories. (Image: Reuters)
1.. 2019 Lok Sabha General Election Results Today: India gears up for counting of votes today for the 17th Lok Sabha elections on May 23. The Election Commission of India (ECI) will begin counting of votes at 8 am across 542 Lok Sabha constituencies. Approximately 60 crore voters have cast ballots across 10 lakh booths in 29 states and seven union territories. (Image: Reuters)
2. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.01 percent to hover just above a 16-week trough. Japan's Nikkei slipped 0.5 percent in early trade, while South Korea lost 0.3 percent.  (Image: Reuters)
2. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.01 percent to hover just above a 16-week trough. Japan's Nikkei slipped 0.5 percent in early trade, while South Korea lost 0.3 percent.  (Image: Reuters)
3. US: Markets in US pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened the market sentiment. The Dow Jones Industrial Average fell 100.72 points to 25,776.61. The S&P 500 slipped 0.3 percent, to 2,856.27 and the Nasdaq Composite declined by 0.5 percent, to 7,750.84. (Image: Reuters)
3. US: Markets in US pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened the market sentiment. The Dow Jones Industrial Average fell 100.72 points to 25,776.61. The S&P 500 slipped 0.3 percent, to 2,856.27 and the Nasdaq Composite declined by 0.5 percent, to 7,750.84. (Image: Reuters)
4. Markets At Close On Wednesday: The Indian market ended higher after a volatile session on Wednesday. The Sensex settled 140 points higher at 39,110, while the Nifty50 added 29 points to end at 11,738. (Image: Reuters)
4. Markets At Close On Wednesday: The Indian market ended higher after a volatile session on Wednesday. The Sensex settled 140 points higher at 39,110, while the Nifty50 added 29 points to end at 11,738. (Image: Reuters)
5. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $70.90 per barrel at 00:07 GMT, down 9 cents, or 0.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down by 3 cents at $61.39 per barrel. (Image: Reuters)
5. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $70.90 per barrel at 00:07 GMT, down 9 cents, or 0.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down by 3 cents at $61.39 per barrel. (Image: Reuters)
6. Rupee and Dollar Index: The Indian rupee closed at 69.66, up 0.07 percent against the US dollar from its previous close. While, the dollar index, which measures the greenback against a basket of currencies, fell 0.05 percent to $98.09. (Image: Reuters)
6. Rupee and Dollar Index: The Indian rupee closed at 69.66, up 0.07 percent against the US dollar from its previous close. While, the dollar index, which measures the greenback against a basket of currencies, fell 0.05 percent to $98.09. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 965 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 158 crore. (Image: Reuters)
7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 965 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 158 crore. (Image: Reuters)
8. NSE Gets Interim Relief For Co-Location Case: The Securities Appellate Tribunal on  Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case. However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. (Image: Reuters)
8. NSE Gets Interim Relief For Co-Location Case: The Securities Appellate Tribunal on  Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case. However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. (Image: Reuters)
9. Sebi Proposal On Review Of Buyback For NBFC: Regulator SEBI proposed changes to share buyback norms for companies having non-banking financial companies and housing finance companies as subsidiaries. A discussion paper has been issued to seek suggestions relating to review of conditions for buyback of securities. According to the discussion paper, the committee has proposed that post buyback debt to capital and free reserves ratio of 2:1 should be considered on consolidated basis, excluding subsidiaries that are regulated and have AAA ratings. (Image: Reuters)
9. Sebi Proposal On Review Of Buyback For NBFC: Regulator SEBI proposed changes to share buyback norms for companies having non-banking financial companies and housing finance companies as subsidiaries. A discussion paper has been issued to seek suggestions relating to review of conditions for buyback of securities. According to the discussion paper, the committee has proposed that post buyback debt to capital and free reserves ratio of 2:1 should be considered on consolidated basis, excluding subsidiaries that are regulated and have AAA ratings. (Image: Reuters)
10. Finance Ministry Meeting for 2019-20 Budget: The finance ministry has begun the pre-Budget consultation exercise with industry bodies in the run-up to the full budget for the current financial year to be unveiled by the new government sometime in July. The final Budget for the fiscal is likely to be tabled in July after formation of the new government.<br />The ministry has already met the representatives of other ministries and government departments as part of the Budget making exercise. (Image: Reuters)
10. Finance Ministry Meeting for 2019-20 Budget: The finance ministry has begun the pre-Budget consultation exercise with industry bodies in the run-up to the full budget for the current financial year to be unveiled by the new government sometime in July. The final Budget for the fiscal is likely to be tabled in July after formation of the new government.
The ministry has already met the representatives of other ministries and government departments as part of the Budget making exercise. (Image: Reuters)
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