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10 things you need to know before the opening bell on May 3

Updated : May 03, 2019 07:36 AM IST

Indian shares are set to open lower on Friday as investors turned cautious amid ongoing earnings season and ahead of election results this month. Poor April auto sales data and weak cues from global markets also dampened investor sentiment. On Thursday, Indian markets ended lower with Sensex at 38,981.43, down 50.12 points, and Nifty at 11,724.80, down by 23.40 points. Asian markets were mixed amid thin holiday trade. Stock markets in China and Japan still closed for holidays. Oil prices fell after US crude production output set a new record, though the losses were capped by the political crisis in Venezuela. At 7.17 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 14.5 points at 11,740.5, indicating a tepid start for the Sensex and Nifty.

1. Asia: Australia's benchmark index was last up 0.2 percent, New Zealand shares were off 0.5 percent while South Korea's KOSPI slipped 0.3 percent. Trading volumes were light across Asia with markets in China and Japan still closed for holidays. (Image: Reuters)
1. Asia: Australia's benchmark index was last up 0.2 percent, New Zealand shares were off 0.5 percent while South Korea's KOSPI slipped 0.3 percent. Trading volumes were light across Asia with markets in China and Japan still closed for holidays. (Image: Reuters)
2. US: Dow Jones Industrial Average fell 122.35 points, or 0.46%, to 26,307.79, the S&P 500 lost 6.21 points, or 0.21%, to 2,917.52, and the Nasdaq Composite dropped 12.87 points, or 0.16%, to 8,036.77. (Image: Reuters)
2. US: Dow Jones Industrial Average fell 122.35 points, or 0.46%, to 26,307.79, the S&P 500 lost 6.21 points, or 0.21%, to 2,917.52, and the Nasdaq Composite dropped 12.87 points, or 0.16%, to 8,036.77. (Image: Reuters)
3. Markets At Close On Thursday: Indian markets ended lower with Sensex at 38,981.43, down 50.12 points and Nifty at 11,724.80, down by 23.40 points. (Image: Reuters)
3. Markets At Close On Thursday: Indian markets ended lower with Sensex at 38,981.43, down 50.12 points and Nifty at 11,724.80, down by 23.40 points. (Image: Reuters)
4. Crude Oil: In commodities markets, oil prices fell after US crude production output set a new record, though the losses were capped by the intensifying political crisis in Venezuela and the stopping of Iranian oil sanction waivers by Washington. US crude was flat at $61.81 a barrel while Brent slipped 21 cents to $70.54. Spot gold was marginally higher at $1,271.2 an ounce. (Image: Reuters)
4. Crude Oil: In commodities markets, oil prices fell after US crude production output set a new record, though the losses were capped by the intensifying political crisis in Venezuela and the stopping of Iranian oil sanction waivers by Washington. US crude was flat at $61.81 a barrel while Brent slipped 21 cents to $70.54. Spot gold was marginally higher at $1,271.2 an ounce. (Image: Reuters)
5. Rupee: The Indian rupee on Thursday ended higher by 20 paise at 69.36 per dollar versus Tuesday's close of 69.56. (Image: Reuters)
5. Rupee: The Indian rupee on Thursday ended higher by 20 paise at 69.36 per dollar versus Tuesday's close of 69.56. (Image: Reuters)
6. US Dollar: The dollar index held at 97.814, inching towards a two-year peak of 98.33 touched last week. Against the Japanese yen, the dollar was idling at 111.46 having spent the entire week in a tight 111.03-111.89 range. (Image: Reuters)
6. US Dollar: The dollar index held at 97.814, inching towards a two-year peak of 98.33 touched last week. Against the Japanese yen, the dollar was idling at 111.46 having spent the entire week in a tight 111.03-111.89 range. (Image: Reuters)
7. FIIs and DIIs: Foreign institutional investors bought Rs 598 crore while domestic institutional investors sold Rs 792 crore in the cash market on May 2. (Image: Reuters)
7. FIIs and DIIs: Foreign institutional investors bought Rs 598 crore while domestic institutional investors sold Rs 792 crore in the cash market on May 2. (Image: Reuters)
8. India's April Jobless Rate: India's unemployment rate in April rose to 7.6 percent, the highest since October 2016, and up from 6.71 percent in March, according to data compiled by the Centre for Monitoring Indian Economy (CMIE) released late on Wednesday. The CMIE said in a report released in January that nearly 11 million people lost their jobs in 2018. (Image: Stock Image)
8. India's April Jobless Rate: India's unemployment rate in April rose to 7.6 percent, the highest since October 2016, and up from 6.71 percent in March, according to data compiled by the Centre for Monitoring Indian Economy (CMIE) released late on Wednesday. The CMIE said in a report released in January that nearly 11 million people lost their jobs in 2018. (Image: Stock Image)
9. Indian Economy Slowdown: The  Indian economy has slowed down slightly in 2018-19, the finance ministry said in its monthly report. The report holds declining growth of private consumption, tepid increase in fixed investment and muted exports responsible for the slowdown. (Image: Reuters)
9. Indian Economy Slowdown: The  Indian economy has slowed down slightly in 2018-19, the finance ministry said in its monthly report. The report holds declining growth of private consumption, tepid increase in fixed investment and muted exports responsible for the slowdown. (Image: Reuters)
10. India On Iran Oil: India  is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar told a news conference on Thursday. (Image: Reuters)
10. India On Iran Oil: India  is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar told a news conference on Thursday. (Image: Reuters)
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