• SENSEX
    NIFTY 50
Market

10 things you need to know before the opening bell on October 3

Updated : October 03, 2019 07:25 AM IST

A lot has happened since the market closed on Tuesday. Here is a quick recap of all that happened which may move your stocks today. Note: Indian market is likely to open weak today. Besides, here are some vital pieces of information you might want to know for better trading ahead:

Asian stocks, already under pressure from growing global growth fears, tumbled after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.38 percent. Japan's Nikkei stock index dropped 1.96 percent and Australian shares declined 2.19 percent. In the US, the Dow dropped 1.86 percent, while the S&P 500 lost 1.79 percent and the Nasdaq fell 1.56 percent. (Image: AP)
Asian stocks, already under pressure from growing global growth fears, tumbled after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.38 percent. Japan's Nikkei stock index dropped 1.96 percent and Australian shares declined 2.19 percent. In the US, the Dow dropped 1.86 percent, while the S&P 500 lost 1.79 percent and the Nasdaq fell 1.56 percent. (Image: AP)
The United States said it would enact 10 percent tariffs on European-made Airbus planes and 25 percent duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies. The US Trade Representative's target list for EU tariffs, set to take effect on October 18, includes large Airbus planes made in France, Britain, Germany and Spain for 10 percent tariffs. (Image: Reuters)
The United States said it would enact 10 percent tariffs on European-made Airbus planes and 25 percent duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies. The US Trade Representative's target list for EU tariffs, set to take effect on October 18, includes large Airbus planes made in France, Britain, Germany and Spain for 10 percent tariffs. (Image: Reuters)
The BSE Sensex and NSE’s Nifty 50 fell for the third straight session on Tuesday as financial sector woes, auto sales slump and weak macro data triggered an across-the-board sell-off. The Sensex closed at 38,305.41, down 361.92 points or 0.94 percent. The Nifty closed lower by 114.55 points, or 1 percent, at 11,359.90. The Sensex has now lost 684.33 points, or 1.76 percent, in three sessions, while the Nifty has dropped 211.30 points, or 1.83 percent. The rupee dropped 20 paise to close at 71.07 against the US dollar. Markets were closed on Wednesday on account of a public holiday. (Image: Reuters)
The BSE Sensex and NSE’s Nifty 50 fell for the third straight session on Tuesday as financial sector woes, auto sales slump and weak macro data triggered an across-the-board sell-off. The Sensex closed at 38,305.41, down 361.92 points or 0.94 percent. The Nifty closed lower by 114.55 points, or 1 percent, at 11,359.90. The Sensex has now lost 684.33 points, or 1.76 percent, in three sessions, while the Nifty has dropped 211.30 points, or 1.83 percent. The rupee dropped 20 paise to close at 71.07 against the US dollar. Markets were closed on Wednesday on account of a public holiday. (Image: Reuters)
The Reserve Bank of India (RBI) assured the general public that the Indian banking system is safe and stable and there is no need for panic based on rumours.
The Reserve Bank of India (RBI) assured the general public that the Indian banking system is safe and stable and there is no need for panic based on rumours. "There are rumours in some locations about certain banks, including cooperative banks, resulting in anxiety among the depositors. RBI would like to assure the general public that Indian banking system is safe and stable and there is no need to panic on the basis of such rumours," the RBI said in a tweet. (Image: AP)
The finance ministry said companies opting for the lower corporate tax rate of 22 percent will not be allowed to reduce their tax liability by claiming deductions towards additional depreciation and Minimum Alternative Tax (MAT) credits. The CBDT said the companies will be allowed to utilise such credits only against regular taxes under the old regime and may opt for lower corporate tax regime in the subsequent assessment years. (Image: Reuters)
The finance ministry said companies opting for the lower corporate tax rate of 22 percent will not be allowed to reduce their tax liability by claiming deductions towards additional depreciation and Minimum Alternative Tax (MAT) credits. The CBDT said the companies will be allowed to utilise such credits only against regular taxes under the old regime and may opt for lower corporate tax regime in the subsequent assessment years. (Image: Reuters)
The Goods and Services Tax (GST) collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand. This is the second straight month of decline in the GST collections. The tax collections at Rs 91,916 crore in September was lower than Rs 98,202 crore collected in August and Rs 94,442 crore mop-up in the same month a year back. (Stock Image)
The Goods and Services Tax (GST) collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand. This is the second straight month of decline in the GST collections. The tax collections at Rs 91,916 crore in September was lower than Rs 98,202 crore collected in August and Rs 94,442 crore mop-up in the same month a year back. (Stock Image)
Corporate Affairs Secretary Injeti Srinivas said there have been large number of cases where
Corporate Affairs Secretary Injeti Srinivas said there have been large number of cases where "otherwise well-functioning real estate companies have been pulled into the insolvency proceedings by a single homebuyer who wants refund". Noting that there might be speculative homebuyers also in such cases, he said that if a single person is able to dislocate when there is otherwise no issue, we have to look at some threshold. Such checks and balances can be built in by way of regulations or amendments, Srinivas said.  (Stock Image)
Sebi said from March 31, 2020, the maximum investment in unlisted NCDs will be 15 percent of the debt portfolio of the scheme and the investment limit will be 10 percent from June 2020. These measures are aimed at enhancing transparency and disclosure for investment in debt and money market instruments by mutual funds. Further, the regulator has reduced the existing overall limit for investment of mutual fund schemes in unrated debt instruments, except those for which specific norms are separately provided, to 5 percent. Currently, the limit is 25 percent. (Image: Reuters)
Sebi said from March 31, 2020, the maximum investment in unlisted NCDs will be 15 percent of the debt portfolio of the scheme and the investment limit will be 10 percent from June 2020. These measures are aimed at enhancing transparency and disclosure for investment in debt and money market instruments by mutual funds. Further, the regulator has reduced the existing overall limit for investment of mutual fund schemes in unrated debt instruments, except those for which specific norms are separately provided, to 5 percent. Currently, the limit is 25 percent. (Image: Reuters)
The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday, which is expected to help the exchequer garner up to Rs 8,000 crore from investors.  The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day, according to scheme information document filed by ICICI Prudential Mutual Fund, which manages Bharat-22 ETF. (Image: Reuters)
The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday, which is expected to help the exchequer garner up to Rs 8,000 crore from investors.  The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day, according to scheme information document filed by ICICI Prudential Mutual Fund, which manages Bharat-22 ETF. (Image: Reuters)
The Commerce Ministry has asked pulses importers to complete their imports by October 31 this year, failing which they may be debarred for allotment of quota of pulses in future.
The Commerce Ministry has asked pulses importers to complete their imports by October 31 this year, failing which they may be debarred for allotment of quota of pulses in future. "All importers are requested to stick to the date and complete their import by October 31, 2019, failing which the importers may be debarred for allotment of quota of pulses in future," the Directorate General of Foreign Trade (DGFT) said in a trade notice. (Image: Reuters)
Published : October 03, 2019 07:17 AM IST
Live TV

recommended for you

Ask Our Experts CNBC TV18

Advertisement