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10 things you need to know before the opening bell on November 28

Updated : 2019-11-28 07:42:43

Indian shares are expected to open steady on Thursday after the benchmarks Sensex and Nifty registered record closing highs in the previous session. The SGX Nifty, an indicator of the opening for the Nifty, was trading 22 points or 0.18 percent lower at 12,103 at 7:00 am, hinting at a mildly negative start for the domestic market.

1. Asia: Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade, while Japan's Nikkei flitted in and out of the positive territory. Australia's S&P/ASX 200 touched a record intraday high in early trade and was up 0.3 percent. (Image: Reuters)
1. Asia: Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade, while Japan's Nikkei flitted in and out of the positive territory. Australia's S&P/ASX 200 touched a record intraday high in early trade and was up 0.3 percent. (Image: Reuters)
2. US: Wall Street's main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions. The Dow Jones Industrial Average rose 42.32 points, or 0.15 percent, to 28,164, the S&P 500 gained 13.13 points, or 0.42 percent, to 3,153.65 and the Nasdaq Composite added 57.24 points, or 0.66 percent, to 8,705.18. (Image: Reuters)
2. US: Wall Street's main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions. The Dow Jones Industrial Average rose 42.32 points, or 0.15 percent, to 28,164, the S&P 500 gained 13.13 points, or 0.42 percent, to 3,153.65 and the Nasdaq Composite added 57.24 points, or 0.66 percent, to 8,705.18. (Image: Reuters)
3. Markets At Close On Wednesday: Indian shares ended higher on Wednesday, with both Sensex and Nifty at their record closing highs led by gains in banking, auto, metal, and IT stocks, ahead of November F&O expiry due tomorrow. The Sensex ended 199 points higher at a new closing high of 41,021 while Nifty also settled 63 points higher to its new closing high of 12,101. Meanwhile, foreign institutional investors bought Rs 43 crore in the cash market while domestic institutional investors bought Rs 439.5 crore. (Image: Reuters)
3. Markets At Close On Wednesday: Indian shares ended higher on Wednesday, with both Sensex and Nifty at their record closing highs led by gains in banking, auto, metal, and IT stocks, ahead of November F&O expiry due tomorrow. The Sensex ended 199 points higher at a new closing high of 41,021 while Nifty also settled 63 points higher to its new closing high of 12,101. Meanwhile, foreign institutional investors bought Rs 43 crore in the cash market while domestic institutional investors bought Rs 439.5 crore. (Image: Reuters)
4. Crude Oil: Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record.<br />Losses were limited by optimism that a U.S.-China trade deal would be reached soon.<br />Brent crude futures settled at $64.06 a barrel, down 21 cents. U.S. West Texas Intermediate crude settled at $58.11 a barrel, shedding 30 cents. (Image: Reuters)
4. Crude Oil: Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record.
Losses were limited by optimism that a U.S.-China trade deal would be reached soon.
Brent crude futures settled at $64.06 a barrel, down 21 cents. U.S. West Texas Intermediate crude settled at $58.11 a barrel, shedding 30 cents. (Image: Reuters)
5. Currency: The Indian rupee settled 15 paise higher at 71.35 against the US dollar on Wednesday, as gains in domestic equities and sustained foreign fund inflows strengthened investor sentiments. Forex traders said the rupee appreciated for the second straight day on foreign inflows in primary as well as the secondary equity market. This is the second straight session of gain for the domestic currency during which it has appreciated by 39 paise. (Image: Reuters)
5. Currency: The Indian rupee settled 15 paise higher at 71.35 against the US dollar on Wednesday, as gains in domestic equities and sustained foreign fund inflows strengthened investor sentiments. Forex traders said the rupee appreciated for the second straight day on foreign inflows in primary as well as the secondary equity market. This is the second straight session of gain for the domestic currency during which it has appreciated by 39 paise. (Image: Reuters)
6. FM Nirmala Sitharaman On Indian Economy: Union finance minister Nirmala Sitharaman on Wednesday launched a spirited defence of her handling of the economy, comparing macroeconomic indicators with past Congress rules and said the growth may have slowed down but the economy will never slip into recession. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, she said steps taken by the government post her maiden budget have started bearing fruits and some sectors such as automobiles have shown signs of recovery.  (File Photo: IANS)
6. FM Nirmala Sitharaman On Indian Economy: Union finance minister Nirmala Sitharaman on Wednesday launched a spirited defence of her handling of the economy, comparing macroeconomic indicators with past Congress rules and said the growth may have slowed down but the economy will never slip into recession. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, she said steps taken by the government post her maiden budget have started bearing fruits and some sectors such as automobiles have shown signs of recovery.  (File Photo: IANS)
7. Cabinet On Finance Commission: The Cabinet on Wednesday approved an extension of the term and coverage of the 15th Finance Commission by almost a year. The Union Cabinet meeting chaired by Prime Minister Narendra Modi also approved the 15th Finance Commission to submit its first report for the financial year 2020-21. The extension of the term will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalize its recommendations for the period 2020-2026. (Image: Reuters)
7. Cabinet On Finance Commission: The Cabinet on Wednesday approved an extension of the term and coverage of the 15th Finance Commission by almost a year. The Union Cabinet meeting chaired by Prime Minister Narendra Modi also approved the 15th Finance Commission to submit its first report for the financial year 2020-21. The extension of the term will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalize its recommendations for the period 2020-2026. (Image: Reuters)
8. Stock Exchanges On Commercial Papers: Leading stock exchanges BSE and NSE have come out with a framework for listing of commercial papers, a move aimed at broadening investors' participation in such securities. Issuers can now apply for listing of commercial papers (CPs) issued on or after November 27, 2019, the exchanges said in two separate notices. This comes after the capital markets regulator Securities and Exchange Board of India (Sebi) in October asked exchanges to put in place the necessary framework for systems and procedures for listing commercial papers. Under the guidelines, an issuer who desires to list its CPs needs to send an application for listing along with the specified disclosures to stock exchanges. (Image: Reuters)
8. Stock Exchanges On Commercial Papers: Leading stock exchanges BSE and NSE have come out with a framework for listing of commercial papers, a move aimed at broadening investors' participation in such securities. Issuers can now apply for listing of commercial papers (CPs) issued on or after November 27, 2019, the exchanges said in two separate notices. This comes after the capital markets regulator Securities and Exchange Board of India (Sebi) in October asked exchanges to put in place the necessary framework for systems and procedures for listing commercial papers. Under the guidelines, an issuer who desires to list its CPs needs to send an application for listing along with the specified disclosures to stock exchanges. (Image: Reuters)
9. Gadkari On Alternative Fuel Vehicles: Terming huge crude oil import a
9. Gadkari On Alternative Fuel Vehicles: Terming huge crude oil import a "big economic challenge" for the country, Union Minister Nitin Gadkari on Wednesday urged automakers to focus on alternative fuel vehicles as well and ensured Government's support in the venture. Gadkari also stressed the need for diversifying agriculture towards power and energy to meet the goal of bio-fuel generation. "I am giving you the confidence from the government that we are all supporter of this sector...you have a lot of apprehensions about the future policy but the government is keenly interested to support and encourage you for new development (alternative fuel vehicles). ....go ahead with old manufacturing but also encourage alternative fuel," Gadkari said addressing 'NuGen Mobility Summit 2019'. (Image: PTI)
10. Piyush Goyal On Real Estate Investment: The Centre has chalked out a plan envisaging an investment of Rs 100 lakh crore in the infrastructure sector over the next five years, Union Minister Piyush Goyal said on Wednesday.
10. Piyush Goyal On Real Estate Investment: The Centre has chalked out a plan envisaging an investment of Rs 100 lakh crore in the infrastructure sector over the next five years, Union Minister Piyush Goyal said on Wednesday. "The investment will transform availability and quality of infrastructure at airports, roads, highways, railways, ports... All infrastructure-related sectors (aviation, shipping, electricity, and oil & gas) are going to see a huge thrust in the next five years," Goyal said. The railways and commerce & industry minister said that "Rs 100 lakh crore in the next five years is not a small amount". He said the railways has drawn up a 12-year plan entailing an investment of Rs 50 lakh crore. (Image: PTI)
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