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CNBC-TV18's top 10 things to watch out for before opening bell on October 7

Updated : 2019-10-07 08:37:34

Indian shares are likely to open little changed on Monday, tracking muted gains in the global markets and concerns of the economic slowdown. The Reserve Bank of India on Friday cut benchmark rates by 25 basis points and lowered GDP growth forecast. Asian shares traded marginally higher over positive US jobs data, but trade war concerns capped gains. At 8.20 AM, SGX Nifty futures traded 8 points, or 0.07 percent up at 11,214, indicating a flat start for the Sensex and the Nifty 50.

 Indian markets:  Stocks fell over 1 percent on Friday after the Reserve Bank of India (RBI) reduced FY20 GDP growth target to 6.1 percent from 6.9 percent. The Sensex ended 433 points lower at 37,673, while the broader Nifty50 index lost 139 points to end the day at 11,175. Both indices have fallen 3 percent for the week.
Indian markets: Stocks fell over 1 percent on Friday after the Reserve Bank of India (RBI) reduced FY20 GDP growth target to 6.1 percent from 6.9 percent. The Sensex ended 433 points lower at 37,673, while the broader Nifty50 index lost 139 points to end the day at 11,175. Both indices have fallen 3 percent for the week.
 FIIs:  Foreign institutional investors (FIIs) remained net sellers to the tune of more than Rs 3,200 crore in the week gone by, taking total outflow to nearly Rs 44,000 crore since May this year. On the contrary, domestic institutional investors remained strong supporters to the market as they bought nearly Rs 3,500 crore worth of shares during the week. In fact, their buying since May in total (Rs 65,750 crore) was much higher than FIIs outflow.
FIIs: Foreign institutional investors (FIIs) remained net sellers to the tune of more than Rs 3,200 crore in the week gone by, taking total outflow to nearly Rs 44,000 crore since May this year. On the contrary, domestic institutional investors remained strong supporters to the market as they bought nearly Rs 3,500 crore worth of shares during the week. In fact, their buying since May in total (Rs 65,750 crore) was much higher than FIIs outflow.
 Asian markets:  Shares edged higher on Monday after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 percent. Japan's Nikkei stock index rose 0.29 percent, while Australian shares were up 0.48 percent.
Asian markets: Shares edged higher on Monday after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 percent. Japan's Nikkei stock index rose 0.29 percent, while Australian shares were up 0.48 percent.
 US markets:  The Dow closed 372.68 points higher, or 1.42 percent at 26,573.72. The S&P 500 gained 1.42 percent to close at 2,951.01. The Nasdaq Composite advanced 1.4 percent to 7,982.47.
US markets: The Dow closed 372.68 points higher, or 1.42 percent at 26,573.72. The S&P 500 gained 1.42 percent to close at 2,951.01. The Nasdaq Composite advanced 1.4 percent to 7,982.47.
 Dollar index:  In currency markets, the yen gained slightly and the yuan slipped after Bloomberg reported that Chinese officials are signalling they are increasingly reluctant to agree to a broad trade deal pursued by US President Donald Trump. The yen, also considered a safe-haven asset edged slightly higher to 106.78 versus the US dollar and gained to 72.20 per Australian dollar.
Dollar index: In currency markets, the yen gained slightly and the yuan slipped after Bloomberg reported that Chinese officials are signalling they are increasingly reluctant to agree to a broad trade deal pursued by US President Donald Trump. The yen, also considered a safe-haven asset edged slightly higher to 106.78 versus the US dollar and gained to 72.20 per Australian dollar.
 Oil prices:  Brent crude futures edged down 24 cents to $58.13 a barrel by 0147 GMT while US West Texas Intermediate (WTI) crude was at $52.69, down 12 cents. Both contracts ended last week with a more-than-5 percent decline after dismal manufacturing data from the United States and China, as the lingering row between the world`s top economies hurts global growth and raises the risk of recession.
Oil prices: Brent crude futures edged down 24 cents to $58.13 a barrel by 0147 GMT while US West Texas Intermediate (WTI) crude was at $52.69, down 12 cents. Both contracts ended last week with a more-than-5 percent decline after dismal manufacturing data from the United States and China, as the lingering row between the world`s top economies hurts global growth and raises the risk of recession.
 Gold prices:  Spot gold was up 0.3 percent to $1,508.23 per ounce as of 0101 GMT. Prices had edged 0.5 percent higher in the previous week on fears of global economic slowdown. US gold futures inched 0.1 percent higher to $1,513.90 an ounce.
Gold prices: Spot gold was up 0.3 percent to $1,508.23 per ounce as of 0101 GMT. Prices had edged 0.5 percent higher in the previous week on fears of global economic slowdown. US gold futures inched 0.1 percent higher to $1,513.90 an ounce.
 RBI monetary policy:  The RBI has cut the benchmark lending rate for the fifth time this year in order to revive the ailing economy. The RBI's Monetary Policy Committee in its fourth bi-monthly meeting reduced the repo rate by 25 basis points to 5.15 percent. The central bank has also lowered the growth forecast for the fiscal year 2019-2020.
RBI monetary policy: The RBI has cut the benchmark lending rate for the fifth time this year in order to revive the ailing economy. The RBI's Monetary Policy Committee in its fourth bi-monthly meeting reduced the repo rate by 25 basis points to 5.15 percent. The central bank has also lowered the growth forecast for the fiscal year 2019-2020.
 Consumer confidence:  The Indian consumers’ confidence in the economy and employment status in the country dropped to a six-year low in September, according to the Reserve Bank of India’s latest monetary policy. The current situation index was down to 89.4 in September from 95.7 recorded in the July survey, while the future confidence index also recorded a decline, according to the RBI’s consumer sentiment survey report.
Consumer confidence: The Indian consumers’ confidence in the economy and employment status in the country dropped to a six-year low in September, according to the Reserve Bank of India’s latest monetary policy. The current situation index was down to 89.4 in September from 95.7 recorded in the July survey, while the future confidence index also recorded a decline, according to the RBI’s consumer sentiment survey report.
 Amazon vs Zomato vs Swiggy:  Amazon is ready with an initial war chest of $500 million (Rs 3,500 crore) to take on Swiggy and Zomato in the food-delivery business, portending a delicious confrontation not unlike the rivalry with Flipkart in online retail.
Amazon vs Zomato vs Swiggy: Amazon is ready with an initial war chest of $500 million (Rs 3,500 crore) to take on Swiggy and Zomato in the food-delivery business, portending a delicious confrontation not unlike the rivalry with Flipkart in online retail.
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