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10 things you need to know before the opening bell on May 27

Updated : 2019-05-27 08:17:43

Indian shares are set for a tepid start on Monday amid muted sentiment in global markets and as investors turned their focus to new government’s fiscal support plan and key economic data due to be released this week. Moreover, the Reserve Bank of India has announced that it will inject Rs 15,000 crore into the financial system in June through purchase of government bonds in order to support the evolving liquidity situation. In global markets, Asian stocks traded marginally higher but gains were limited by concerns that the China-US trade conflict was fast turning into a technology cold war between the world’s two largest economies. At 7.07 AM, the SGX Nifty traded 32.50 points, or 0.27 percent, lower at 11,845, indicated a negative start for the Sensex and the Nifty 50.

1. US: Stocks in the US on Friday rebounded from losses sharply after President Donald Trump said that the ongoing trade war could be over quickly. The Dow Jones Industrial Average ended the day higher by 95.22 points at 25,585.69 while the S&P 500 climbed 0.1 percent to 2,826.06. The Nasdaq rose 0.1 percent at 7,637.01. (Image: AP)
1. US: Stocks in the US on Friday rebounded from losses sharply after President Donald Trump said that the ongoing trade war could be over quickly. The Dow Jones Industrial Average ended the day higher by 95.22 points at 25,585.69 while the S&P 500 climbed 0.1 percent to 2,826.06. The Nasdaq rose 0.1 percent at 7,637.01. (Image: AP)
2. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.26 percent. Asian markets were mixed on Monday as investors remained cautious over the developments of US President Donald Trump visiting Japan as well as results from the European parliamentary election. (Image: Reuters)
2. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.26 percent. Asian markets were mixed on Monday as investors remained cautious over the developments of US President Donald Trump visiting Japan as well as results from the European parliamentary election. (Image: Reuters)
3. Markets At Close On Friday: The indices ended 1.6 percent higher as market cheered the massive victory of Narendra Modi in the Lok Sabha elections. The BSE Sensex closed 623 points (1.6 percent) higher at 39,435, up 4 percent for the week, while the broader NSE Nifty50 ended 187 points higher (1.6 percent) at 11,844, up 3.8 percent for the week. (Image: Reuters)
3. Markets At Close On Friday: The indices ended 1.6 percent higher as market cheered the massive victory of Narendra Modi in the Lok Sabha elections. The BSE Sensex closed 623 points (1.6 percent) higher at 39,435, up 4 percent for the week, while the broader NSE Nifty50 ended 187 points higher (1.6 percent) at 11,844, up 3.8 percent for the week. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $69.10 per barrel at 00:21 GMT, up 41 cents, or 0.6 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up 10 cents, or 0.2 percent, at $58.73 per barrel. (Image: Reuters)
4. Crude Oil: Brent crude futures, the international benchmark for oil prices, were at $69.10 per barrel at 00:21 GMT, up 41 cents, or 0.6 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up 10 cents, or 0.2 percent, at $58.73 per barrel. (Image: Reuters)
5. Rupee and Dollar Index: The Indian rupee closed at 69.53, down 0.69 percent or 48 paise against the US dollar from its previous close. While, the dollar index, which measures the greenback against a basket of currencies, was down 0.01 percent to $97.60. On Friday, Foreign institutional investors (FIIs) bought shares worth Rs 2,026 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 195 crore. (Image: Reuters)
5. Rupee and Dollar Index: The Indian rupee closed at 69.53, down 0.69 percent or 48 paise against the US dollar from its previous close. While, the dollar index, which measures the greenback against a basket of currencies, was down 0.01 percent to $97.60. On Friday, Foreign institutional investors (FIIs) bought shares worth Rs 2,026 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 195 crore. (Image: Reuters)
(Image: Reuters)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/02/2019-02-07T080637Z_1_LYNXNPEF160BU_RTROPTP_4_INDIA-ECONOMY-RATES.jpg" > 6. RBI Funds Infusion: The Reserve Bank Friday said it will inject Rs 15,000 crore into the financial system next month through purchase of government bonds via the auction route. The government securities will be bought under Open Market Operations (OMO). The decision has been taken in view of the evolving liquidity situation, the central bank said in a statement. <span style=(Image: Reuters)" title="6. RBI Funds Infusion: The Reserve Bank Friday said it will inject Rs 15,000 crore into the financial system next month through purchase of government bonds via the auction route. The government securities will be bought under Open Market Operations (OMO). The decision has been taken in view of the evolving liquidity situation, the central bank said in a statement. (Image: Reuters)">
6. RBI Funds Infusion: The Reserve Bank Friday said it will inject Rs 15,000 crore into the financial system next month through purchase of government bonds via the auction route. The government securities will be bought under Open Market Operations (OMO). The decision has been taken in view of the evolving liquidity situation, the central bank said in a statement. (Image: Reuters)
7. RBI Norms For NBFCs: The Reserve Bank of India Friday proposed a set of guidelines for large NBFCs to help them deal with severe liquidity problems and prevent re-occurrence of IL&FS type of debt crisis. With a view to ensuring a smooth transition to the LCR regime, the proposal is to implement it in a calibrated manner through a glide path over a period of four years commencing April 2020 and up to April 2024 (Image: Reuters)
7. RBI Norms For NBFCs: The Reserve Bank of India Friday proposed a set of guidelines for large NBFCs to help them deal with severe liquidity problems and prevent re-occurrence of IL&FS type of debt crisis. With a view to ensuring a smooth transition to the LCR regime, the proposal is to implement it in a calibrated manner through a glide path over a period of four years commencing April 2020 and up to April 2024 (Image: Reuters)
8. RBI Tweaks Norms On VRR Investment By FPIs: The Reserve Bank of India on Friday fixed the investment limit at Rs 54,606.55 crore for foreign portfolio investors (FPIs) under the voluntary retention route (VRR), which allows to park funds in both government securities as well as corporate debt. The revised VRR scheme will open for allotment from May 27. The minimum retention period would be three years. During this period, FPIs shall maintain a minimum of 75 percent of the allocated amount in India. (Image: Reuters)
8. RBI Tweaks Norms On VRR Investment By FPIs: The Reserve Bank of India on Friday fixed the investment limit at Rs 54,606.55 crore for foreign portfolio investors (FPIs) under the voluntary retention route (VRR), which allows to park funds in both government securities as well as corporate debt. The revised VRR scheme will open for allotment from May 27. The minimum retention period would be three years. During this period, FPIs shall maintain a minimum of 75 percent of the allocated amount in India. (Image: Reuters)
9. SEBI Appointed Panel Suggests Significant Changes To FPI Regulations: A Sebi-constituted panel has proposed significant changes to norms governing foreign portfolio investors, including simplified registration requirements for certain categories and barring entities that fail to furnish beneficial ownership details.The group, headed by former RBI deputy governor H R Khan, has also pitched for liberalised investment cap, review of prohibited sectors for foreign investment for FPIs, permitting FPIs for off-market transactions and review of restriction on sovereign wealth funds for investment in corporate debt securities. (Image: Reuters)
9. SEBI Appointed Panel Suggests Significant Changes To FPI Regulations: A Sebi-constituted panel has proposed significant changes to norms governing foreign portfolio investors, including simplified registration requirements for certain categories and barring entities that fail to furnish beneficial ownership details.The group, headed by former RBI deputy governor H R Khan, has also pitched for liberalised investment cap, review of prohibited sectors for foreign investment for FPIs, permitting FPIs for off-market transactions and review of restriction on sovereign wealth funds for investment in corporate debt securities. (Image: Reuters)
10. Forex Reserves Decline: After rising for the past few weeks, the country's foreign exchange reserves declined USD 2.057 billion to USD 417.998 billion in the week to May 17 on account of a fall in foreign currency assets, RBI data showed on Friday. In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion. In the reporting week, foreign currency assets, which are a major component of the overall reserves, decreased by USD 2.030 billion to USD 390.197 billion. (Image: Reuters)
10. Forex Reserves Decline: After rising for the past few weeks, the country's foreign exchange reserves declined USD 2.057 billion to USD 417.998 billion in the week to May 17 on account of a fall in foreign currency assets, RBI data showed on Friday. In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion. In the reporting week, foreign currency assets, which are a major component of the overall reserves, decreased by USD 2.030 billion to USD 390.197 billion. (Image: Reuters)
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