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

Updated : 2019-09-03 08:13:04

Indian shares are likely to open little changed on Tuesday, tracking muted Asian peers, as concerns over the sluggish economic growth coupled with US-China trade frictions are likely to limit gains. At 7:10 AM, the SGX Nifty futures traded lower by 0.07 percent, or 8 points, at 10,933.50, indicating a weak start for the Sensex and Nifty.

1. Asia: Stocks in Asia declined in early trade ahead of the Reserve Bank of Australia's interest rate decision and the escalating US-China trade war. Japan's Nikkei slipped 0.1 percent and the Topix index was largely flat. South Korea's KOSPI shed 0.11 percent. (Image: Reuters)
1. Asia: Stocks in Asia declined in early trade ahead of the Reserve Bank of Australia's interest rate decision and the escalating US-China trade war. Japan's Nikkei slipped 0.1 percent and the Topix index was largely flat. South Korea's KOSPI shed 0.11 percent. (Image: Reuters)
us ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied, reported by Reuters. The Dow Jones Industrial Average rose 41.03 points, or 0.16 percent, to 26,403.28, the S&P 500 gained 1.88 points, or 0.06 percent, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13 percent, to 7,962.88. (Image: Reuters)" data-original="https://images.cnbctv18.com/wp-content/uploads/2018/11/2018-11-09T143748Z_1_LYNXNPEEA817U_RTROPTP_4_USA-STOCKS.jpg" > 2. US: Wall Street ended the week with a lacklustre session on Friday as investors were cautio<span class=us ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied, reported by Reuters. The Dow Jones Industrial Average rose 41.03 points, or 0.16 percent, to 26,403.28, the S&P 500 gained 1.88 points, or 0.06 percent, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13 percent, to 7,962.88. (Image: Reuters)" title="2. US: Wall Street ended the week with a lacklustre session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied, reported by Reuters. The Dow Jones Industrial Average rose 41.03 points, or 0.16 percent, to 26,403.28, the S&P 500 gained 1.88 points, or 0.06 percent, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13 percent, to 7,962.88. (Image: Reuters)">
2. US: Wall Street ended the week with a lacklustre session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied, reported by Reuters. The Dow Jones Industrial Average rose 41.03 points, or 0.16 percent, to 26,403.28, the S&P 500 gained 1.88 points, or 0.06 percent, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13 percent, to 7,962.88. (Image: Reuters)
3. Markets At Close On Friday: Equity benchmark BSE Sensex advanced 264 points on Friday, propelled by gains in index heavyweights HDFC, ICICI Bank, HUL and ITC amid positive cues from the global markets. The 30-share Sensex ended 263.86 points, or 0.71 percent, higher at 37,332.79. Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25. Meanwhile, foreign institutional investors bought Rs 1,163 crore in the cash market while domestic institutional investors bought Rs 1,502 crore. The Indian Rupee touched the 72 mark against the US dollar for the first time in 2019 following a sell-off in domestic equities amid weakness in Chinese Yuan.  (Image: Reuters)
3. Markets At Close On Friday: Equity benchmark BSE Sensex advanced 264 points on Friday, propelled by gains in index heavyweights HDFC, ICICI Bank, HUL and ITC amid positive cues from the global markets. The 30-share Sensex ended 263.86 points, or 0.71 percent, higher at 37,332.79. Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25. Meanwhile, foreign institutional investors bought Rs 1,163 crore in the cash market while domestic institutional investors bought Rs 1,502 crore. The Indian Rupee touched the 72 mark against the US dollar for the first time in 2019 following a sell-off in domestic equities amid weakness in Chinese Yuan.  (Image: Reuters)
4. Crude Oil: Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude. International Brent crude futures settled down 59 cents to $58.66 a barrel, after trading as low as $58.10 during the day. US benchmark WTI crude was down 33 cents at $54.77 a barrel. (Image: AP)
4. Crude Oil: Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude. International Brent crude futures settled down 59 cents to $58.66 a barrel, after trading as low as $58.10 during the day. US benchmark WTI crude was down 33 cents at $54.77 a barrel. (Image: AP)
5. Q1 GDP Growth Slips to 6-year Lows: India's economy expanded at its slowest pace in more than six years in April-June as consumer demand and private investment — the two principal drivers of growth — slackened at a time when global trade frictions have dampened business sentiment. Gross Domestic Product of India, Asia's third-largest economy, grew at a slower-than-expected 5.0 percent in the latest three-month period compared with 5.8 percent in the previous quarter, government data showed on Friday. (Stock Image)
5. Q1 GDP Growth Slips to 6-year Lows: India's economy expanded at its slowest pace in more than six years in April-June as consumer demand and private investment — the two principal drivers of growth — slackened at a time when global trade frictions have dampened business sentiment. Gross Domestic Product of India, Asia's third-largest economy, grew at a slower-than-expected 5.0 percent in the latest three-month period compared with 5.8 percent in the previous quarter, government data showed on Friday. (Stock Image)
 India's second-largest lender after State Bank of India. The government also announced that two lenders based in southern India, Canara Bank and Syndicate Bank, would be amalgamated. In addition, Andhra Bank and Corporation Bank are to merge with Union Bank, while Indian Bank will merge with Allahabad Bank. (File Photo: IANS)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/09/Nirmala-Sitharaman.jpg" > 6. 10 PSU Banks Merger: The government announced a series of mergers involving 10 state-owned banks on Friday, as it looks to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth. Sitharaman said that Oriental Bank of Commerce and United Bank would be merged with New Delhi-based Punjab National Bank. This would create<span class= India's second-largest lender after State Bank of India. The government also announced that two lenders based in southern India, Canara Bank and Syndicate Bank, would be amalgamated. In addition, Andhra Bank and Corporation Bank are to merge with Union Bank, while Indian Bank will merge with Allahabad Bank. (File Photo: IANS)" title="6. 10 PSU Banks Merger: The government announced a series of mergers involving 10 state-owned banks on Friday, as it looks to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth. Sitharaman said that Oriental Bank of Commerce and United Bank would be merged with New Delhi-based Punjab National Bank. This would create India's second-largest lender after State Bank of India. The government also announced that two lenders based in southern India, Canara Bank and Syndicate Bank, would be amalgamated. In addition, Andhra Bank and Corporation Bank are to merge with Union Bank, while Indian Bank will merge with Allahabad Bank. (File Photo: IANS)">
6. 10 PSU Banks Merger: The government announced a series of mergers involving 10 state-owned banks on Friday, as it looks to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth. Sitharaman said that Oriental Bank of Commerce and United Bank would be merged with New Delhi-based Punjab National Bank. This would create India's second-largest lender after State Bank of India. The government also announced that two lenders based in southern India, Canara Bank and Syndicate Bank, would be amalgamated. In addition, Andhra Bank and Corporation Bank are to merge with Union Bank, while Indian Bank will merge with Allahabad Bank. (File Photo: IANS)
7. Fiscal Deficit In July: The government's fiscal deficit touched Rs 5.47 lakh crore at July-end, which is 77.8 per cent of the budget estimate for 2019-20. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 5,47,605 crore at July-end, as per the data released by the Controller General of Accounts (CGA) on Friday. The fiscal deficit stood at 86.5 per cent of 2018-19 budget estimate in the year-ago period. The government estimates the fiscal deficit to be at Rs 7.03 lakh crore during 2019-20. (Image: Reuters)
7. Fiscal Deficit In July: The government's fiscal deficit touched Rs 5.47 lakh crore at July-end, which is 77.8 per cent of the budget estimate for 2019-20. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 5,47,605 crore at July-end, as per the data released by the Controller General of Accounts (CGA) on Friday. The fiscal deficit stood at 86.5 per cent of 2018-19 budget estimate in the year-ago period. The government estimates the fiscal deficit to be at Rs 7.03 lakh crore during 2019-20. (Image: Reuters)
8. India's Manufacturing PMI In August: The country's manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment, a monthly survey said on Monday. The IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most survey indicators fell since July to signal a widespread loss of momentum. This is the 25th consecutive month that the manufacturing PMI has remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. (Image: Reuters)
8. India's Manufacturing PMI In August: The country's manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment, a monthly survey said on Monday. The IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most survey indicators fell since July to signal a widespread loss of momentum. This is the 25th consecutive month that the manufacturing PMI has remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. (Image: Reuters)
The weekly futures and options contracts will expire on every Thursday of the week, excluding monthly expiry week. In case Thursday is holiday, the contract expiry will be on a working day prior to Thursday and new serial weekly future and options contracts shall be introduced after expiry of the respective week's contract, the notice added. (Image: Reuters)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/05/2019-05-22T041729Z_1_LYNXNPEF4L08M_RTROPTP_4_INDIA-MARKETS.jpg" > 9. BSE Introduces Weekly F&O Contracts: ) The BSE on Friday said it will introduce weekly futures and options contracts in the equity derivatives segment in September.<br />The exchange in a notice said it will The weekly futures and options contracts will expire on every Thursday of the week, excluding monthly expiry week. In case Thursday is holiday, the contract expiry will be on a working day prior to Thursday and new serial weekly future and options contracts shall be introduced after expiry of the respective week's contract, the notice added. (Image: Reuters)" title="9. BSE Introduces Weekly F&O Contracts: ) The BSE on Friday said it will introduce weekly futures and options contracts in the equity derivatives segment in September.
The exchange in a notice said it will "introduce 7 weekly futures and 7 weekly options contracts on stocks in equity derivatives with effect from Thursday, September 19, 2019."
The weekly futures and options contracts will expire on every Thursday of the week, excluding monthly expiry week. In case Thursday is holiday, the contract expiry will be on a working day prior to Thursday and new serial weekly future and options contracts shall be introduced after expiry of the respective week's contract, the notice added. (Image: Reuters)">
9. BSE Introduces Weekly F&O Contracts: ) The BSE on Friday said it will introduce weekly futures and options contracts in the equity derivatives segment in September.
The exchange in a notice said it will "introduce 7 weekly futures and 7 weekly options contracts on stocks in equity derivatives with effect from Thursday, September 19, 2019."
The weekly futures and options contracts will expire on every Thursday of the week, excluding monthly expiry week. In case Thursday is holiday, the contract expiry will be on a working day prior to Thursday and new serial weekly future and options contracts shall be introduced after expiry of the respective week's contract, the notice added. (Image: Reuters)
10. India On Crude Oil: India has nudged Russia to use its influence on oil suppliers cartel OPEC to balance the global oil market, ensuring adequate supply with responsible and reasonable price. Oil Minister Dharmendra Pradhan, on a three-day visit to Moscow, met his Russian counterpart Alexander Valentinovich Novak to review
10. India On Crude Oil: India has nudged Russia to use its influence on oil suppliers cartel OPEC to balance the global oil market, ensuring adequate supply with responsible and reasonable price. Oil Minister Dharmendra Pradhan, on a three-day visit to Moscow, met his Russian counterpart Alexander Valentinovich Novak to review "the entire spectrum of oil and gas cooperation," Pradhan said in a tweet after the meeting. India, the world's third-biggest oil consumer, has been pressing the Organisation of Petroleum Exporting Countries (OPEC) for responsible pricing of oil and gas, saying the volatility in rates are far detached from market fundamentals and are hurting importing nations. Russia is collaborating with the OPEC in fixing oil production quota with a view to controlling the prices. (Image: AP)
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