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10 things you need to know before the opening bell on October 29

Updated : 2019-10-29 08:11:43

The Indian market is expected to open positive on Tuesday tracking strong gains in the global markets after US-China trade talks reflected positive outcome. Furthermore, the Federal Reserve might launch another dose of policy stimulus next week, reported Reuters. The SGX Nifty was trading 10 points or 0.09 percent higher at 11,676 at 7:00 AM, indicating a flat-to-positive start for the Sensex and the Nifty.

1. Asia: Asian shares scaled a three-month high on Tuesday after Wall Street hit all-time peaks amid hopes of progress in China-US trade talks and for another dose of policy stimulus from the Federal Reserve this week. Japan's Nikkei led the way with a rise of 0.6 percent to reach ground last trod a full year ago. MSCI's broadest index of Asia-Pacific shares outside Japan crept up 0.2 percent in early trade to its highest since late July.<br />E-Mini futures for the S&P 500 extended their gains by 0.1 percent. (Image: AP)
1. Asia: Asian shares scaled a three-month high on Tuesday after Wall Street hit all-time peaks amid hopes of progress in China-US trade talks and for another dose of policy stimulus from the Federal Reserve this week. Japan's Nikkei led the way with a rise of 0.6 percent to reach ground last trod a full year ago. MSCI's broadest index of Asia-Pacific shares outside Japan crept up 0.2 percent in early trade to its highest since late July.
E-Mini futures for the S&P 500 extended their gains by 0.1 percent. (Image: AP)
2. US: The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reserve rate cut later this week. The Dow Jones Industrial Average rose 132.25 points, or 0.49 percent, to 27,090.31, the S&P 500 gained 16.79 points, or 0.56 percent, to 3,039.34 and the Nasdaq Composite added 82.87 points, or 1.01 percent, to 8,325.99. (Image: Reuters)
2. US: The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reserve rate cut later this week. The Dow Jones Industrial Average rose 132.25 points, or 0.49 percent, to 27,090.31, the S&P 500 gained 16.79 points, or 0.56 percent, to 3,039.34 and the Nasdaq Composite added 82.87 points, or 1.01 percent, to 8,325.99. (Image: Reuters)
3. Markets at close on Friday: Indian shares ended Friday's choppy trade with mild gains amid lingering concerns over global economic growth. At 3:30 pm, BSE Sensex ended 37.67 points higher, or 0.10 percent, at 39,058. The NSE Nifty50 ended with gains of over just a point at 11,583.90. Broader market indices were mixed with the Nifty MidCap 100 index under-performed, dipping 0.18 percent. Meanwhile, foreign institutional investors sold 435 crores in the cash market while domestic institutional investors bought 440 crores. (Image: Reuters)
3. Markets at close on Friday: Indian shares ended Friday's choppy trade with mild gains amid lingering concerns over global economic growth. At 3:30 pm, BSE Sensex ended 37.67 points higher, or 0.10 percent, at 39,058. The NSE Nifty50 ended with gains of over just a point at 11,583.90. Broader market indices were mixed with the Nifty MidCap 100 index under-performed, dipping 0.18 percent. Meanwhile, foreign institutional investors sold 435 crores in the cash market while domestic institutional investors bought 440 crores. (Image: Reuters)
4. Crude oil:  Oil prices fell on Monday after four days of gains as expectations US crude stockpiles will rise and worries about weak Chinese industrial data offset hopes oil demand will increase if talks progress on a Sino-American trade deal. Brent futures fell 45 cents, or 0.7 percent, to $61.57 a barrel, while US West Texas Intermediate (WTI) crude fell 85 cents, or 1.5% percent, to $55.81. (Image: Reuters)
4. Crude oil:  Oil prices fell on Monday after four days of gains as expectations US crude stockpiles will rise and worries about weak Chinese industrial data offset hopes oil demand will increase if talks progress on a Sino-American trade deal. Brent futures fell 45 cents, or 0.7 percent, to $61.57 a barrel, while US West Texas Intermediate (WTI) crude fell 85 cents, or 1.5% percent, to $55.81. (Image: Reuters)
5. Currency: The rupee on Friday appreciated by 12 paise to settle at 70.90 against the US dollar on Friday on the back of firm domestic equities and easing crude oil prices. At the interbank foreign exchange market, the rupee opened lower at 71.06 against the US dollar. During the day, the domestic unit fluctuated between a high of 70.87 and a low of 71.06.  On a weekly basis, the local unit gained 24 paise.
5. Currency: The rupee on Friday appreciated by 12 paise to settle at 70.90 against the US dollar on Friday on the back of firm domestic equities and easing crude oil prices. At the interbank foreign exchange market, the rupee opened lower at 71.06 against the US dollar. During the day, the domestic unit fluctuated between a high of 70.87 and a low of 71.06.  On a weekly basis, the local unit gained 24 paise. "Rupee continued to consolidate in a narrow range for the whole week and lack of cues on the domestic front kept the volatility low for the currency," said Gaurang Somaiyaa, forex and bullion analyst, Motilal Oswal Financial Services Private Ltd. (Image: Reuters)
6. SEC on Infosys: US market regulator the Securities and Exchange Commission (SEC) will be seeking cooperation from its Indian counterpart the Securities and Exchange Board of India (Sebi) in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities, people aware of the matter said on Friday. They said the Indian capital markets watchdog will provide all possible help to the US SEC. Infosys is listed in India as well as in the US, where a class action suit has also been filed against the Indian IT major to recover what has been termed by the litigants as losses suffered by investors there. Queries sent to the SEC with regard to cooperation sought from Sebi remain unanswered. Sebi has also sought additional information from the company, while the National Financial Reporting Authority (NFRA) — which is part of the corporate affairs ministry — has been asked to look into the matter. (Image: Reuters)
6. SEC on Infosys: US market regulator the Securities and Exchange Commission (SEC) will be seeking cooperation from its Indian counterpart the Securities and Exchange Board of India (Sebi) in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities, people aware of the matter said on Friday. They said the Indian capital markets watchdog will provide all possible help to the US SEC. Infosys is listed in India as well as in the US, where a class action suit has also been filed against the Indian IT major to recover what has been termed by the litigants as losses suffered by investors there. Queries sent to the SEC with regard to cooperation sought from Sebi remain unanswered. Sebi has also sought additional information from the company, while the National Financial Reporting Authority (NFRA) — which is part of the corporate affairs ministry — has been asked to look into the matter. (Image: Reuters)
7. Bourses on additional surveillance measures: Leading stock exchanges BSE and the NSE have decided to take additional surveillance measures in order to reduce volatility in stocks having high promoters pledge. The exchanges have decided to levy a minimum margin of 35 percent on the stock (including stocks in derivatives segment) where promoters pledged their holding by more than 25 percent of the total equity capital and have a market capitalization of over Rs 1,000 crore. Besides, the other criteria that will attract higher margin are a concentration of the top 25 clients in trading during the last 30 days are 30 percent or more and if the price variation between high and low of scrip is greater than 40 percent in the last three months. The new surveillance measure will be implemented with effect from November 1, 2019, the exchanges said in a separate circular. (Getty Image)
7. Bourses on additional surveillance measures: Leading stock exchanges BSE and the NSE have decided to take additional surveillance measures in order to reduce volatility in stocks having high promoters pledge. The exchanges have decided to levy a minimum margin of 35 percent on the stock (including stocks in derivatives segment) where promoters pledged their holding by more than 25 percent of the total equity capital and have a market capitalization of over Rs 1,000 crore. Besides, the other criteria that will attract higher margin are a concentration of the top 25 clients in trading during the last 30 days are 30 percent or more and if the price variation between high and low of scrip is greater than 40 percent in the last three months. The new surveillance measure will be implemented with effect from November 1, 2019, the exchanges said in a separate circular. (Getty Image)
8. Gems, jewellery exports may fall: India's gross exports of gems and jewellery sector are expected to decline 5-7 percent in 2019-20 as compared to the previous fiscal, on account of a global downturn and rise in gold prices which have affected domestic demand. As per the Gems and Jewellery Export Promotion Council (GJEPC), net exports of the sector declined 5.32 percent to $30.96 billion in 2018-19, mainly on account of slowdown in demand in major developed markets.
8. Gems, jewellery exports may fall: India's gross exports of gems and jewellery sector are expected to decline 5-7 percent in 2019-20 as compared to the previous fiscal, on account of a global downturn and rise in gold prices which have affected domestic demand. As per the Gems and Jewellery Export Promotion Council (GJEPC), net exports of the sector declined 5.32 percent to $30.96 billion in 2018-19, mainly on account of slowdown in demand in major developed markets. "Last year it (gross exports) was around $40 billion. This year we are looking at 5 to 7 percent decline," said GJEPC executive director Sabyasachi Ray. Besides, chairman Pramod Kumar Agarwal said the council has requested the government that finished jewellery be kept out of the purview of proposed mega trade deal, the Regional Comprehensive Economic Partnership (RCEP), to protect the interests of domestic manufacturers. (Image: AP Photo)
9. PE investments in real estate rises: Private equity investments in the domestic real estate sector rose by 19 percent to $3.8 billion during January-September 2019, mostly in commercial properties, according to Anarock. Private equity investments were over $3.2 billion in the year-ago period, the consultant said in a statement. The commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year. Residential segment, on the other hand, received $295 million funding this year as against $210 million last year, thus seeing nearly 40 percent gain. According to Anarock data, the retail segment attracted close to $260 million during January-September 2019 as against $355 million in the year-ago period. (Stock Image)
9. PE investments in real estate rises: Private equity investments in the domestic real estate sector rose by 19 percent to $3.8 billion during January-September 2019, mostly in commercial properties, according to Anarock. Private equity investments were over $3.2 billion in the year-ago period, the consultant said in a statement. The commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year. Residential segment, on the other hand, received $295 million funding this year as against $210 million last year, thus seeing nearly 40 percent gain. According to Anarock data, the retail segment attracted close to $260 million during January-September 2019 as against $355 million in the year-ago period. (Stock Image)
told PTI. The yellow metal is likely to continue to remain bullish until the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold, he added. (Image: Reuters)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/10/RTSBMI4.jpg" > 10. Gold likely to surge: Geopolitical uncertainties, sustained central bank buying and weak rupee against the US dollar will keep gold under pressure and are likely to push the prices up to Rs 42,000 per 10 grams level by the end this year, according to analysts.<br />told PTI. The yellow metal is likely to continue to remain bullish until the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold, he added. (Image: Reuters)" title="10. Gold likely to surge: Geopolitical uncertainties, sustained central bank buying and weak rupee against the US dollar will keep gold under pressure and are likely to push the prices up to Rs 42,000 per 10 grams level by the end this year, according to analysts.
"Geopolitical uncertainties emerging from the Middle East may continue to underpin gold prices going ahead to $1,650 an ounce in Comex markets and Rs 42,000 in MCX," Commtrendz Research co-founder and CEO Gnansekar Thiagarajan
told PTI. The yellow metal is likely to continue to remain bullish until the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold, he added. (Image: Reuters)">
10. Gold likely to surge: Geopolitical uncertainties, sustained central bank buying and weak rupee against the US dollar will keep gold under pressure and are likely to push the prices up to Rs 42,000 per 10 grams level by the end this year, according to analysts.
"Geopolitical uncertainties emerging from the Middle East may continue to underpin gold prices going ahead to $1,650 an ounce in Comex markets and Rs 42,000 in MCX," Commtrendz Research co-founder and CEO Gnansekar Thiagarajan
told PTI. The yellow metal is likely to continue to remain bullish until the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold, he added. (Image: Reuters)
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