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10 things you need to know before the opening bell on September 6

Updated : 2019-09-06 08:07:35

Indian shares are expected to open in the green on Friday as the market sentiment improved after road and transport minister Nitin Gadkari assured support to auto sector, promising to take up GST cut issue to FM. Additionally, positive cues from Asia on signs of easing US-China trade tensions and firm US economic data, are also likely to support the market. At 7:05 AM, the SGX Nifty Futures traded higher by 0.37 percent, or 40.50 points, at 10,903, indicating a positive start for the Sensex and the Nifty.

1. Asia: Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing U.S.-China trade tensions and as firm U.S. economic data bolstered risk appetites, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, putting it on track for a 2 percent weekly gain - which would make it the best week since mid-June.. Australian stocks gained 0.5 percent, South Korea's KOSPI rose 0.3 percent and Japan's Nikkei advanced 0.6 percent. (Image: Reuters)
1. Asia: Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing U.S.-China trade tensions and as firm U.S. economic data bolstered risk appetites, reported Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, putting it on track for a 2 percent weekly gain - which would make it the best week since mid-June.. Australian stocks gained 0.5 percent, South Korea's KOSPI rose 0.3 percent and Japan's Nikkei advanced 0.6 percent. (Image: Reuters)
2. US: U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data eased fears of a domestic slowdown, reported Reuters. The Dow Jones Industrial Average jumped 1.41 percent to end at 26,728.15 points, while the S&P 500 gained 1.30 percent to 2,975.97. The Nasdaq Composite surged 1.75 percent to 8,116.83. (Image: Reuters)
2. US: U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data eased fears of a domestic slowdown, reported Reuters. The Dow Jones Industrial Average jumped 1.41 percent to end at 26,728.15 points, while the S&P 500 gained 1.30 percent to 2,975.97. The Nasdaq Composite surged 1.75 percent to 8,116.83. (Image: Reuters)
3. Markets At Close On Thursday: Indian equities gave up early gains to settle lower on Thursday due to sell-offs mainly in banking stocks after the Reserve Bank directed banks to link interest rates on all new loans with external benchmarks. The 30-share Sensex failed to sustain the momentum and gave up all gains to end 80.32 points, or 0.22 percent, lower at 36,644.42.  The broader Nifty, on the other hand, ended 3.25 points, or 0.03 per cent, higher at 10,847.90. Meanwhile, foreign institutional investors sold Rs 561 crore in the cash market while domestic institutional investors bought Rs 699 crore. The rupee settled for the day with gains of 28 paise at 71.84 against the US dollar as investor sentiment revived after China and the United States said they will resume trade talks. (Image: Reuters)
3. Markets At Close On Thursday: Indian equities gave up early gains to settle lower on Thursday due to sell-offs mainly in banking stocks after the Reserve Bank directed banks to link interest rates on all new loans with external benchmarks. The 30-share Sensex failed to sustain the momentum and gave up all gains to end 80.32 points, or 0.22 percent, lower at 36,644.42.  The broader Nifty, on the other hand, ended 3.25 points, or 0.03 per cent, higher at 10,847.90. Meanwhile, foreign institutional investors sold Rs 561 crore in the cash market while domestic institutional investors bought Rs 699 crore. The rupee settled for the day with gains of 28 paise at 71.84 against the US dollar as investor sentiment revived after China and the United States said they will resume trade talks. (Image: Reuters)
4. Crude Oil: Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures declining 0.25 percent to $60.80 per barrel and U.S. crude futures slipping fractionally to $56.25 per barrel. (Image: Reuters)
4. Crude Oil: Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures declining 0.25 percent to $60.80 per barrel and U.S. crude futures slipping fractionally to $56.25 per barrel. (Image: Reuters)
5. Nitin Gadkari On Auto Industry: Union minister Nitin Gadkari on Thursday assured the crisis-hit automobile industry of all possible support from the government, including taking up the demand of GST reduction with finance minister Nirmala Sitharaman. Reiterating that the government would help the industry, the road transport and highways minister also said his ministry would give out 68 road projects worth up to Rs 5 lakh crore in the next three months to help generate demand for commercial vehicles. With the impending price increase of vehicles and the upcoming of BS VI norms deadline,
5. Nitin Gadkari On Auto Industry: Union minister Nitin Gadkari on Thursday assured the crisis-hit automobile industry of all possible support from the government, including taking up the demand of GST reduction with finance minister Nirmala Sitharaman. Reiterating that the government would help the industry, the road transport and highways minister also said his ministry would give out 68 road projects worth up to Rs 5 lakh crore in the next three months to help generate demand for commercial vehicles. With the impending price increase of vehicles and the upcoming of BS VI norms deadline, "it is your (industry's) demand that there should be reduction in tax of petrol and diesel vehicles. Your suggestions are good. I will take your message to the finance minister," Gadkari said at annual SIAM convention here. (Getty Image)
6. SEBI On Cyber Security Threats: Regulator Sebi has envisaged a three-tier structure to bolster cyber security in securities market and plans to deploy data analytics and new generation technologies to deal with various challenges. Sebi plans to set up a Cyber Security and Compliance Reporting System for the regulated entities that will collaborate with government as well as other national and international regulators to tackle such vulnerabilities, the capital markets watchdog said in its annual report for 2018-19. Besides, a Cyber Capability Index will be developed to assess the cyber security preparedness and resilience of the market infrastructure institutions (MIIs), which include stock exchanges, clearing corporations and depositories, Sebi said. (Image: Reuters)
6. SEBI On Cyber Security Threats: Regulator Sebi has envisaged a three-tier structure to bolster cyber security in securities market and plans to deploy data analytics and new generation technologies to deal with various challenges. Sebi plans to set up a Cyber Security and Compliance Reporting System for the regulated entities that will collaborate with government as well as other national and international regulators to tackle such vulnerabilities, the capital markets watchdog said in its annual report for 2018-19. Besides, a Cyber Capability Index will be developed to assess the cyber security preparedness and resilience of the market infrastructure institutions (MIIs), which include stock exchanges, clearing corporations and depositories, Sebi said. (Image: Reuters)
7. Moody's On Truck Operators:  The ongoing economic growth slowdown will have an adverse impact on trucking fleet operators' revenues and ability to repay loans, global ratings agency Moody's Investors Service warned on Thursday. The losses to asset-backed securities (ABS) will also rise as the economy slows, it said.
7. Moody's On Truck Operators:  The ongoing economic growth slowdown will have an adverse impact on trucking fleet operators' revenues and ability to repay loans, global ratings agency Moody's Investors Service warned on Thursday. The losses to asset-backed securities (ABS) will also rise as the economy slows, it said. "Soft consumption and weak services activity in India will constrain demand for freight transport by commercial vehicle operators, in turn, reducing operators' revenue and weakening their ability to repay loans," its analyst Dipanshu Rustagi said. (Stock Image)
8. Kharif Crop Production Forecast: The condition of Kharif (summer-sown) crops is good and the country is likely to have bumper production of foodgrains, Agriculture Minister Narendra Singh Tomar said on Thursday. The crop condition of Kharif crops is
8. Kharif Crop Production Forecast: The condition of Kharif (summer-sown) crops is good and the country is likely to have bumper production of foodgrains, Agriculture Minister Narendra Singh Tomar said on Thursday. The crop condition of Kharif crops is "good" and production will be "good", the minister said on the sidelines of global micro-nutrient summit here, jointly organised by International Zinc Association (IZA) and Fertilizer Association of India (FAI). With better monsoon rains in August, the sowing area of Kharif crops has improved significantly. (Image: Reuters)
9. Finance Ministry To Meet CPSE Heads: To revive sagging economy, the finance ministry will hold meeting with heads of central public sector enterprises (CPSEs) on Friday to impress upon them the need to expedite capital expenditure. The government has a capital expenditure plan of Rs 3.3 lakh crore during the current financial year. Besides, various CPSEs have earmarked funds for expansion and capacity enhancement.<br />According to official sources, the finance ministry will review the progress made by various CPSEs with regard to their capital expenditure envisaged for the current fiscal. (Image: Reuters)
9. Finance Ministry To Meet CPSE Heads: To revive sagging economy, the finance ministry will hold meeting with heads of central public sector enterprises (CPSEs) on Friday to impress upon them the need to expedite capital expenditure. The government has a capital expenditure plan of Rs 3.3 lakh crore during the current financial year. Besides, various CPSEs have earmarked funds for expansion and capacity enhancement.
According to official sources, the finance ministry will review the progress made by various CPSEs with regard to their capital expenditure envisaged for the current fiscal. (Image: Reuters)
10. Sugar Prices May Rise: Sugar prices are expected to rise by 8 percent to Rs 33-34 per kg in sugar season (SS) 2020 following a decline in cane acreage in Maharashtra and parts of Karnataka due to extreme weather conditions, according to a report. A decline in cane acreage due to extreme weather conditions in Maharashtra and parts of Karnataka is expected to result in a 10 percent decline in sugar production, Crisil Research said in a report. (Image: Reuters)
10. Sugar Prices May Rise: Sugar prices are expected to rise by 8 percent to Rs 33-34 per kg in sugar season (SS) 2020 following a decline in cane acreage in Maharashtra and parts of Karnataka due to extreme weather conditions, according to a report. A decline in cane acreage due to extreme weather conditions in Maharashtra and parts of Karnataka is expected to result in a 10 percent decline in sugar production, Crisil Research said in a report. (Image: Reuters)
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