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April 23: Here's what you should know before the opening bell

April 23: Here's what you should know before the opening bell
The market closed flat on Friday despite IT stocks gaining.
Here's what you should know before the opening bell:
  • The US markets
  • closed in the red on Friday as the benchmark Dow Jones index, tumbled about 200 points as Apple dragged the tech lower.
  • Following US's suit, Asian markets had a muted start as investors digested the US yields and as the Wall Street declined.
  • Japan's April flash manufacturing PMI stands at 53.3 versus 53.1 on a month-month basis. The Nikkei is currently trading down 0.32% at 22,104 points. 
  • The SGX Nifty is trading around 10,550 levels versus the Nifty April Future's Friday close of 10,585, indicating a negative opening on Dalal Street on Monday.
  • Petrol price hit Rs 74.40 a litre on Sunday, the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.65, renewing calls for cut in excise duty to ease burden on consumers.
  • The government has intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of Punjab National Bank, Union minister P P Chaudhary said, amid multi-pronged efforts to deal with the nearly Rs 13,000 crore scam.
  • The rupee hit its 13-month low on Friday, breaching 66 against the US dollar. Veracity's Pramit Brahmbhatt expects the rupee to be between the 65.60 and the 66.20 range.
  • International passengers buying goods at airport 'Duty-Free' shops will have to pay GST, with the Authority for Advance Ruling (AAR) saying that such outlets at the Delhi International Airport are not 'free from duties' under the Goods and Services Tax regime.
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