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10 things to know before the opening bell on July 16

Updated : July 16, 2021 08:22 AM IST

The Indian equity market may open flat-to-positive on Friday as the trend on SGX Nifty indicates a flat start for the broader index in India amid weak global cues. The Nifty futures were trading 21.25 points or 0.13 percent higher at the 15,961 level on the Singaporean Exchange at 7:55 am.

 1. Wall Street:  Stocks closed lower on Thursday, pulling major indexes a bit further below the record highs they marked at the start of the week. The S&P 500 fell 0.3 percent and DJIA rose 0.2 percent. The tech-heavy Nasdaq, on the contrary, fell 0.7 percent.
1. Wall Street: Stocks closed lower on Thursday, pulling major indexes a bit further below the record highs they marked at the start of the week. The S&P 500 fell 0.3 percent and DJIA rose 0.2 percent. The tech-heavy Nasdaq, on the contrary, fell 0.7 percent.
 2. Asian stocks:  Shares in Asia-Pacific mostly fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement. The Nikkei 225 in Japan fell 0.84 percent. South Korea’s Kospi declined 0.52 percent. In mainland China, the Shanghai Composite dipped 0.15 percent. The Hang Seng index in Hong Kong advanced 0.16 percent. Australia’s S&P/ASX 200 edged about 0.1 percent lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32 percent lower.
2. Asian stocks: Shares in Asia-Pacific mostly fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement. The Nikkei 225 in Japan fell 0.84 percent. South Korea’s Kospi declined 0.52 percent. In mainland China, the Shanghai Composite dipped 0.15 percent. The Hang Seng index in Hong Kong advanced 0.16 percent. Australia’s S&P/ASX 200 edged about 0.1 percent lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32 percent lower.
 3. D-Street:  The Indian equity benchmark indices ended at record closing highs on Thursday afternoon boosted by strong gains in IT and realty stocks. The Sensex jumped 254 points to 53,158.85, and the Nifty closed 70 points higher at 15,924.20.
3. D-Street: The Indian equity benchmark indices ended at record closing highs on Thursday afternoon boosted by strong gains in IT and realty stocks. The Sensex jumped 254 points to 53,158.85, and the Nifty closed 70 points higher at 15,924.20.
 4. Oil:  Oil prices fell on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as more countries recover from the pandemic. Brent crude was down 0.3 percent at $73.27 a barrel by 0018 GMT. US crude fell 0.2 percent to $71.53 a barrel.
4. Oil: Oil prices fell on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as more countries recover from the pandemic. Brent crude was down 0.3 percent at $73.27 a barrel by 0018 GMT. US crude fell 0.2 percent to $71.53 a barrel.
 5. Gold:  Gold on Thursday jumped Rs 110 to Rs 48,299 per 10 gram in tandem with gain in global precious metal prices. Silver also gained Rs 278 to Rs 69,412 per kg. In the global market, gold was trading with gains at USD 1,831 per ounce and silver was flat at USD 26.30 per ounce.
5. Gold: Gold on Thursday jumped Rs 110 to Rs 48,299 per 10 gram in tandem with gain in global precious metal prices. Silver also gained Rs 278 to Rs 69,412 per kg. In the global market, gold was trading with gains at USD 1,831 per ounce and silver was flat at USD 26.30 per ounce.
 6. Rupee:  The rupee pared some of its initial gains to settle 5 paise higher at 74.54 against the US dollar on Thursday amid a firm trend in domestic equities. The dollar index fell 0.08 percent to 92.33.
6. Rupee: The rupee pared some of its initial gains to settle 5 paise higher at 74.54 against the US dollar on Thursday amid a firm trend in domestic equities. The dollar index fell 0.08 percent to 92.33.
 7. Bitcoin:  The crypto market lost heat on Thursday, with Bitcoin falling by the most in 10 days, in line with the US equities. According to a CoinDesk report, analysts warned that “market might be primed for a fresh leg down.” At the time of writing, Bitcoin was trading nearly 3 percent lower at $32,019. Ether was also trading 3 percent lower at $1,954 – below the $2,000 level for the second straight day.
7. Bitcoin: The crypto market lost heat on Thursday, with Bitcoin falling by the most in 10 days, in line with the US equities. According to a CoinDesk report, analysts warned that “market might be primed for a fresh leg down.” At the time of writing, Bitcoin was trading nearly 3 percent lower at $32,019. Ether was also trading 3 percent lower at $1,954 – below the $2,000 level for the second straight day.
 8. GST compensation:  The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. The Finance Ministry in a statement said the amount released is about half of the Rs 1.59 lakh crore that was agreed to be borrowed in the current fiscal by the Centre.
8. GST compensation: The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. The Finance Ministry in a statement said the amount released is about half of the Rs 1.59 lakh crore that was agreed to be borrowed in the current fiscal by the Centre.
 9. India's exports:  The country's exports rose by 48.34 percent to USD 32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods, according to the data released by the Commerce Ministry on Thursday.  Continue reading
9. India's exports: The country's exports rose by 48.34 percent to USD 32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods, according to the data released by the Commerce Ministry on Thursday. Continue reading
 10. SEBI:  Market regulator Sebi has moved the Supreme Court against the June 28 order of Securities Appellate Tribunal (SAT) which stayed its decision to bar Franklin Templeton Asset Management (India) from launching new debt schemes for two years and had asked the fund house to refund a little over Rs 512 crore.  Continue reading
10. SEBI: Market regulator Sebi has moved the Supreme Court against the June 28 order of Securities Appellate Tribunal (SAT) which stayed its decision to bar Franklin Templeton Asset Management (India) from launching new debt schemes for two years and had asked the fund house to refund a little over Rs 512 crore. Continue reading
Published : July 16, 2021 08:22 AM IST
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