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10 things you need to know before the opening bell on September 13

Updated : 2019-09-13 07:23:29

Indian shares are likely to open little changed on Friday, as investors may take a breather after strong gains earlier this week. Domestic equities have advanced in five out of six trading sessions. Meanwhile, Asian shares rose as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank lifted market sentiment. At 7:05 AM, the SGX Nifty Futures traded higher by 0.05 percent, or 5 points, at 10,996.50, indicating a flat start for the Sensex and the Nifty.

1. Asia: Stocks in Asia edged up as investors digest a series of developments overnight from US-China trade front as well as the European Central Bank. In Japan, the Nikkei rose 0.42 percent while Topix remained flat. ASX200 traded 0.21 percent higher. Overall, the MSCI Asia ex-Japan index shed 0.16 percent. Markets in China and South Korea are closed on Friday for holidays. (Image: Reuters)
1. Asia: Stocks in Asia edged up as investors digest a series of developments overnight from US-China trade front as well as the European Central Bank. In Japan, the Nikkei rose 0.42 percent while Topix remained flat. ASX200 traded 0.21 percent higher. Overall, the MSCI Asia ex-Japan index shed 0.16 percent. Markets in China and South Korea are closed on Friday for holidays. (Image: Reuters)
2. US: Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank. The Dow Jones Industrial Average rose 45.41 points, or 0.17 percent, to 27,182.45, the S&P 500 gained 8.64 points, or 0.29 percent, to 3,009.57 and the Nasdaq Composite  added 24.79 points, or 0.3 percent, to 8,194.47. (Image: Reuters)
2. US: Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank. The Dow Jones Industrial Average rose 45.41 points, or 0.17 percent, to 27,182.45, the S&P 500 gained 8.64 points, or 0.29 percent, to 3,009.57 and the Nasdaq Composite  added 24.79 points, or 0.3 percent, to 8,194.47. (Image: Reuters)
3. Markets At Close On Thursday: Indian shares ended lower on Thursday, ldragged by the losses in Reliance Industries, Axis Bank, Maruti Suzuki, ITC and TCS ahead of the key macroeconomic data releases. The Sensex ended 166.54 points lower at 37,104.28, while the broader Nifty50 index lost 52.90  points to end the day at 10,982.80. Meanwhile, foreign institutional investors bought Rs 784 crore in the cash market while domestic institutional investors bought Rs 127 crore. (Image: Reuters)
3. Markets At Close On Thursday: Indian shares ended lower on Thursday, ldragged by the losses in Reliance Industries, Axis Bank, Maruti Suzuki, ITC and TCS ahead of the key macroeconomic data releases. The Sensex ended 166.54 points lower at 37,104.28, while the broader Nifty50 index lost 52.90  points to end the day at 10,982.80. Meanwhile, foreign institutional investors bought Rs 784 crore in the cash market while domestic institutional investors bought Rs 127 crore. (Image: Reuters)
4. Crude Oil: Oil futures fell on Friday as optimism over an end to the U.S.-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 percent, at $60.21 a barrel by 0053 GMT, while U.S. West Texas Intermediate (WTI) was off by 14 cents, or 0.3 percent, at $54.95. Brent has traded in a range of nearly $5 this week and is heading for the first weekly loss in five. U.S. crude has traded similarly and is heading for its first loss in three weeks. (Image: Reuters)
4. Crude Oil: Oil futures fell on Friday as optimism over an end to the U.S.-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 percent, at $60.21 a barrel by 0053 GMT, while U.S. West Texas Intermediate (WTI) was off by 14 cents, or 0.3 percent, at $54.95. Brent has traded in a range of nearly $5 this week and is heading for the first weekly loss in five. U.S. crude has traded similarly and is heading for its first loss in three weeks. (Image: Reuters)
5. Currency: Continuing its winning run for the sixth straight session, the rupee climbed 52 paise to end at 71.14 against the US dollar on Thursday as signs of easing trade tensions between the US and China buoyed global markets. Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said. The Indian currency has appreciated by 125 paise in the last six trading sessions. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 98.51. (Image: Reuters)
5. Currency: Continuing its winning run for the sixth straight session, the rupee climbed 52 paise to end at 71.14 against the US dollar on Thursday as signs of easing trade tensions between the US and China buoyed global markets. Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said. The Indian currency has appreciated by 125 paise in the last six trading sessions. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 98.51. (Image: Reuters)
6. CPI Inflation Rises: India's retail inflation for August inched up to 3.21 percent from 3.15 percent in July, government data released on Thursday showed. As per the CPI data released by the Central Statistics Office (CSO), the food inflation was 2.99 percent in August 2019 against 2.36 percent in the preceding month. The CPI-based inflation was 3.69 percent in August 2018. The latest price data released by CSO showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within the Reserve Bank of India's (RBI) target level of 4 percent. (Image: Reuters)
6. CPI Inflation Rises: India's retail inflation for August inched up to 3.21 percent from 3.15 percent in July, government data released on Thursday showed. As per the CPI data released by the Central Statistics Office (CSO), the food inflation was 2.99 percent in August 2019 against 2.36 percent in the preceding month. The CPI-based inflation was 3.69 percent in August 2018. The latest price data released by CSO showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within the Reserve Bank of India's (RBI) target level of 4 percent. (Image: Reuters)
7. Government On Foreign Exchange Credit: Expressing concerns over fall in export credit, Commerce and Industry Minister Piyush Goyal on Thursday said the government will soon come out with guidelines on extending foreign exchange credit to exporters at affordable rates.
7. Government On Foreign Exchange Credit: Expressing concerns over fall in export credit, Commerce and Industry Minister Piyush Goyal on Thursday said the government will soon come out with guidelines on extending foreign exchange credit to exporters at affordable rates. "We are concerned that it (export credit) has fallen, and will come up with the contours of a vibrant programme (to address the issue) soon, which will particularly support micro, small and medium enterprises," Goyal said while addressing the meeting of the Board of Trade here. The programme, more importantly, will make foreign exchange credit available to exporters at competitive rates, he said, adding that the rates were likely to be in the sub-four per cent category. (Image: AP)
8. SEBI On Outstanding Dues: Sebi on Thursday asked listed companies to settle their outstanding dues to the capital markets regulator, bourses and depositories before filing 'schemes of arrangement' such as mergers and demergers with the exchanges. The markets regulator also said listed entities will be liable for punitive action in case of furnishing any false information. The move is part of the regulator's effort to streamline the processing of draft schemes as Sebi has decided to seek additional information at one go. (Image: Reuters)
8. SEBI On Outstanding Dues: Sebi on Thursday asked listed companies to settle their outstanding dues to the capital markets regulator, bourses and depositories before filing 'schemes of arrangement' such as mergers and demergers with the exchanges. The markets regulator also said listed entities will be liable for punitive action in case of furnishing any false information. The move is part of the regulator's effort to streamline the processing of draft schemes as Sebi has decided to seek additional information at one go. (Image: Reuters)
9. Domestic Air Passenger Traffic Slips: India's domestic air passenger demand plummet to 1.8 percent in July following the end of tourist season while the cumulative growth in traffic in the first four months stood at a mere 1.6 percent, the report said. According to rating agency Icra, the international traffic catered by the domestic airlines de-grew 14.7 percent in July over 0.6 percent of the industry with the local carriers continuing to underperform the industry on international routes and their market share declining by 528 basis points to 32.1 percent in July over the year-ago period on account of the under-performance. (Representational Image)
9. Domestic Air Passenger Traffic Slips: India's domestic air passenger demand plummet to 1.8 percent in July following the end of tourist season while the cumulative growth in traffic in the first four months stood at a mere 1.6 percent, the report said. According to rating agency Icra, the international traffic catered by the domestic airlines de-grew 14.7 percent in July over 0.6 percent of the industry with the local carriers continuing to underperform the industry on international routes and their market share declining by 528 basis points to 32.1 percent in July over the year-ago period on account of the under-performance. (Representational Image)
10. Bank Credit Rate Slows: Bank credit and deposits growth slowed to 10.24 percent and 9.73 percent to Rs 96.80 lakh crore and Rs 127.80 lakh crore, respectively, in the fortnight to August 30, show the latest RBI data. In the year-ago fortnight, advances were at Rs 87.80 lakh crore while deposits stood at Rs 116.46 lakh crore. In the previous fortnight to August 16, advances grew 11.64 percent to Rs 96.82 lakh crore and deposits by 10.15 percent to Rs 126.80 lakh crore. Personal loans rose 17 percent in July compared to an increase of 16.7 percent in July 2018. (Image: Reuters)
10. Bank Credit Rate Slows: Bank credit and deposits growth slowed to 10.24 percent and 9.73 percent to Rs 96.80 lakh crore and Rs 127.80 lakh crore, respectively, in the fortnight to August 30, show the latest RBI data. In the year-ago fortnight, advances were at Rs 87.80 lakh crore while deposits stood at Rs 116.46 lakh crore. In the previous fortnight to August 16, advances grew 11.64 percent to Rs 96.82 lakh crore and deposits by 10.15 percent to Rs 126.80 lakh crore. Personal loans rose 17 percent in July compared to an increase of 16.7 percent in July 2018. (Image: Reuters)
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