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10 things you need to know before the opening bell on September 9

Updated : 2019-09-09 07:18:37

Indian shares are likely to open in the green on Monday, tracking gains in Asia, as investors pinned expectations on likely stimulus to support growth in the world’s major economies. Global markets advanced on China's new stimulus plan and after Friday’s soft US jobs report raised expectations for a Federal Reserve rate cut. At 7:05 AM, the SGX Nifty Futures traded higher by 0.25 percent, or 27 points, at 10,986.50, indicating a positive start for the Sensex and the Nifty.

1. Asia: Asian stocks edged up Monday morning as investors reacted to a series of recent data releases in major economies including the United States and China. In Japan, Nikkei rose 0.4 percent in early trade while the Topix index added 0.88 percent. In South Korea, the KOSPI added 0.76 percent. (Image: Reuters)
1. Asia: Asian stocks edged up Monday morning as investors reacted to a series of recent data releases in major economies including the United States and China. In Japan, Nikkei rose 0.4 percent in early trade while the Topix index added 0.88 percent. In South Korea, the KOSPI added 0.76 percent. (Image: Reuters)
2. US: The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth, reported Reuters. The Dow Jones Industrial Average rose 69.45 points, or 0.26 percent, at 26,797.6, the S&P 500 gained 2.72 points, or 0.09 percent, to 2,978.72 and the Nasdaq Composite dropped 13.75 points, or 0.17 percent, at 8,103.07. (Image: Reuters)
2. US: The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth, reported Reuters. The Dow Jones Industrial Average rose 69.45 points, or 0.26 percent, at 26,797.6, the S&P 500 gained 2.72 points, or 0.09 percent, to 2,978.72 and the Nasdaq Composite dropped 13.75 points, or 0.17 percent, at 8,103.07. (Image: Reuters)
3. Markets At Close On Friday: Indian equities gained for the 3rd straight day on Friday, in line with gains in broader Asia, as US-China trade tensions eased. The gains were led by banking and auto stocks with index heavyweights like Kotak Bank, Axis Bank and Maruti Suzuki lifting the indices. The Sensex ended 337 points higher at 36,982, while the broader Nifty50 index added 98 points to end the day at 10,946. Meanwhile, foreign institutional investors sold Rs 957 crore in the cash market while domestic institutional investors bought Rs 1,207 crore. The rupee settled for the day with loss of 12 paise at 71.72 against the US dollar. (Image: Reuters)
3. Markets At Close On Friday: Indian equities gained for the 3rd straight day on Friday, in line with gains in broader Asia, as US-China trade tensions eased. The gains were led by banking and auto stocks with index heavyweights like Kotak Bank, Axis Bank and Maruti Suzuki lifting the indices. The Sensex ended 337 points higher at 36,982, while the broader Nifty50 index added 98 points to end the day at 10,946. Meanwhile, foreign institutional investors sold Rs 957 crore in the cash market while domestic institutional investors bought Rs 1,207 crore. The rupee settled for the day with loss of 12 paise at 71.72 against the US dollar. (Image: Reuters)
4. Crude Oil: Oil prices rose in the morning of Asian trading hours, with international benchmark Brent crude adding 0.54 percent to $61.87 per barrel and U.S. crude futures advancing 0.76 percent to $56.95 per barrel. (Image: Reuters)
4. Crude Oil: Oil prices rose in the morning of Asian trading hours, with international benchmark Brent crude adding 0.54 percent to $61.87 per barrel and U.S. crude futures advancing 0.76 percent to $56.95 per barrel. (Image: Reuters)
5. Nirmala Sitharaman On Sector Challenges: Union finance minister Nirmala Sitharaman on Friday said the government will respond to the challenges faced by all the sectors. Every possible help will be extended to them, she told a press conference in Kolkata.
5. Nirmala Sitharaman On Sector Challenges: Union finance minister Nirmala Sitharaman on Friday said the government will respond to the challenges faced by all the sectors. Every possible help will be extended to them, she told a press conference in Kolkata. "We are looking at the challenges which the sectors are facing. We will respond to the challenges and extend every possible help," Sitharaman said to a query on the ongoing slowdown of the economy. (Image: Reuters)
6. New TDS Norms On Cash Withdrawal: If your total cash withdrawal in a year across all bank accounts exceeds Rs 1 crore, then a 2 percent tax deduction at source (TDS) will be levied against any amount above Rs 1 crore. The new rules came into effect September 1 following the amendment of Income-Tax Act. The cash withdrawal limit for the ongoing financial year will be considered from April 1, 2019. However, if you have withdrawn Rs 1 crore before September 1, then the TDS will be charged on any subsequent cash withdrawals. (Image: Reuters)
6. New TDS Norms On Cash Withdrawal: If your total cash withdrawal in a year across all bank accounts exceeds Rs 1 crore, then a 2 percent tax deduction at source (TDS) will be levied against any amount above Rs 1 crore. The new rules came into effect September 1 following the amendment of Income-Tax Act. The cash withdrawal limit for the ongoing financial year will be considered from April 1, 2019. However, if you have withdrawn Rs 1 crore before September 1, then the TDS will be charged on any subsequent cash withdrawals. (Image: Reuters)
7. Government Announcement On Exports: The government is expected to soon announce measures for certain sectors, including gems and jewellery, to boost the country's subdued exports, an official said. Finance and commerce ministries have held several round of talks on these measures, the official said. As part of a proposal that is under consideration, the government may extend the deadline for removal of tax benefits to units in the special economic zones (SEZs). (Image: AP)
7. Government Announcement On Exports: The government is expected to soon announce measures for certain sectors, including gems and jewellery, to boost the country's subdued exports, an official said. Finance and commerce ministries have held several round of talks on these measures, the official said. As part of a proposal that is under consideration, the government may extend the deadline for removal of tax benefits to units in the special economic zones (SEZs). (Image: AP)
8. SIAM On Auto Industry: Automotive industry body SIAM on Friday sought government intervention to help the sector in the smooth transition to BS-VI emission norms from April next year, saying the prospect of abrupt stoppage of manufacturing and sales of BS-IV vehicles overnight posed a
8. SIAM On Auto Industry: Automotive industry body SIAM on Friday sought government intervention to help the sector in the smooth transition to BS-VI emission norms from April next year, saying the prospect of abrupt stoppage of manufacturing and sales of BS-IV vehicles overnight posed a "monumental" challenge. (Image: AP)
9. Finance Ministry Sets Up Taskforce: The government on Saturday said it has constituted a high-level task force to identify infrastructure projects for Rs 100 lakh crore investment by 2024-25 as India aims to become a USD 5 trillion economy. The task force, headed by the economic affairs secretary, will draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore, the finance ministry said in a statement. This would include greenfield and brownfield projects costing above Rs 100 crore each. The task force will comprise secretaries from different ministries, other senior officials and Niti Aayog CEO. (Image: Reuters)
9. Finance Ministry Sets Up Taskforce: The government on Saturday said it has constituted a high-level task force to identify infrastructure projects for Rs 100 lakh crore investment by 2024-25 as India aims to become a USD 5 trillion economy. The task force, headed by the economic affairs secretary, will draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore, the finance ministry said in a statement. This would include greenfield and brownfield projects costing above Rs 100 crore each. The task force will comprise secretaries from different ministries, other senior officials and Niti Aayog CEO. (Image: Reuters)
10. Analysts On Market Sentiment: Equity markets would track announcement of some key macroeconomic data points in this holiday-shortened week for further cues, while expectations of more stimulus measures from the government may keep sentiment upbeat, analysts said. Bourses will be closed on Tuesday for 'Muharram'. (Image: Reuters)
10. Analysts On Market Sentiment: Equity markets would track announcement of some key macroeconomic data points in this holiday-shortened week for further cues, while expectations of more stimulus measures from the government may keep sentiment upbeat, analysts said. Bourses will be closed on Tuesday for 'Muharram'. (Image: Reuters)
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