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April 24: Here's what you should know before the opening bell

April 24: Here's what you should know before the opening bell

April 24: Here's what you should know before the opening bell
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By CNBC-TV18 Apr 24, 2018 8:16:41 AM IST (Updated)

Indian markets on Monday closed with minor gains but slipped from early highs.

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The markets are expected to remain weak today on account of global cues.
Here's what you should know before the opening bell
  • TCS, which hit a market cap of $102 billion intra-day, slipped 4% from its high to close with minor gains of 0.2%.
  • International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed US sanctions against Iran and as OPEC continues withholding supplies amid strong demand.
  • Asian stocks slipped and the US dollar advanced on Tuesday, as a deluge of US government debt this week and the spectre of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs.
  • The US market largely ended flat as the benchmark indices, Dow and S&P, ended near flatline and Nasdaq shed 0.2%.  Dow Jones posted a four-day losing streak.
  • Japan's Nikkei, though in the green, is slipping towards its low point in early trade while Korea's KOSPI is shedding nearly 0.8% and is trading at its day's low.
  • The SGX Nifty is trading at levels around 10,550 as against the Nifty April Future's Monday close of 10,585.5, indicating a negative opening for the Dalal Street today.
  • Infosys said it will focus this fiscal year on stabilising the business, and continue to look at “inorganic acquisitions”.
  • The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans.
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