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10 things you need to know before the opening bell on July 19

Updated : July 19, 2021 08:17 AM IST

The Indian equity market is likely to open lower on Monday following losses in global peers as fears of rising inflation and a relentless surge in Delta variant of the coronavirus in Asian countries dampened investors’ risk appetite. At 7:53 am, the SGX Nifty was trading 222 points or 1.40 percent lower at 15,716, indicating a negative start for the broader index in India.

 1. Wall Street:  Stocks ended a wobbly week broadly lower, with a good part of Friday's loss attributable to weakness in big technology companies like Apple and Amazon. The S&P 500 index fell 0.8 percent and marked its first weekly loss after three weeks of gains. The Dow Jones Industrial Average lost 0.9 percent and the Nasdaq fell 0.8 percent.
1. Wall Street: Stocks ended a wobbly week broadly lower, with a good part of Friday's loss attributable to weakness in big technology companies like Apple and Amazon. The S&P 500 index fell 0.8 percent and marked its first weekly loss after three weeks of gains. The Dow Jones Industrial Average lost 0.9 percent and the Nasdaq fell 0.8 percent.
 2. Asian stocks:  Shares in Asia-Pacific slipped in Monday morning trade, as markets watched oil prices after OPEC and its allies reached a deal. The Nikkei 225 in Japan dropped 1.1 percent. South Korea’s Kospi fell 0.73 percent. Australian stocks also declined as the S&P/ASX 200 edged 0.5 percent lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.27 percent lower.
2. Asian stocks: Shares in Asia-Pacific slipped in Monday morning trade, as markets watched oil prices after OPEC and its allies reached a deal. The Nikkei 225 in Japan dropped 1.1 percent. South Korea’s Kospi fell 0.73 percent. Australian stocks also declined as the S&P/ASX 200 edged 0.5 percent lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.27 percent lower.
 3. Dalal Street:  The Indian indices pared gains after hitting record high to end flat on Friday as gains in pharma, metal and heavyweight RIL were offset by losses in IT stocks and banks. The Sensex ended 19 points lower at 53,140 and the Nifty was down 1 point at 15,923. However, both benchmarks logged their first weekly gain in 3 weeks, rising 1.5 percent each.
3. Dalal Street: The Indian indices pared gains after hitting record high to end flat on Friday as gains in pharma, metal and heavyweight RIL were offset by losses in IT stocks and banks. The Sensex ended 19 points lower at 53,140 and the Nifty was down 1 point at 15,923. However, both benchmarks logged their first weekly gain in 3 weeks, rising 1.5 percent each.
 4. Crude oil:  Oil prices fell more than 1 percent on Monday, hit by an agreement over the weekend within the OPEC+ group of producers to boost output after an earlier pact fell apart due to objections from the United Arab Emirates (UAE). Brent crude was down 1.4 percent at $72.59 a barrel by 0037 GMT, after falling nearly 3 percent last week. US oil was down 1.3 percent at $70.87 a barrel, having declined almost 4 percent last week.
4. Crude oil: Oil prices fell more than 1 percent on Monday, hit by an agreement over the weekend within the OPEC+ group of producers to boost output after an earlier pact fell apart due to objections from the United Arab Emirates (UAE). Brent crude was down 1.4 percent at $72.59 a barrel by 0037 GMT, after falling nearly 3 percent last week. US oil was down 1.3 percent at $70.87 a barrel, having declined almost 4 percent last week.
 5. Gold:  Gold on Friday dipped Rs 342 to Rs 48,400 per 10 gram amid fall in global precious metal prices. Silver also dipped Rs 1336 to Rs 69,681 per kilogram. In the international market, gold was trading lower at USD 1,823 per ounce and silver was flat at USD 26.13 per ounce.
5. Gold: Gold on Friday dipped Rs 342 to Rs 48,400 per 10 gram amid fall in global precious metal prices. Silver also dipped Rs 1336 to Rs 69,681 per kilogram. In the international market, gold was trading lower at USD 1,823 per ounce and silver was flat at USD 26.13 per ounce.
 6. Rupee:  The rupee saw a marginal 3 paise loss to settle at 74.57 against the US dollar on Friday as consistent demand for the greenback from importers exerted pressure on the domestic currency. Meanwhile, the dollar index fell 0.06 percent to 92.56.
6. Rupee: The rupee saw a marginal 3 paise loss to settle at 74.57 against the US dollar on Friday as consistent demand for the greenback from importers exerted pressure on the domestic currency. Meanwhile, the dollar index fell 0.06 percent to 92.56.
 7. Bitcoin:  After an initial buying spurt on Friday that took Bitcoin above $32,000, the coin lost some steam over the weekend. Though it did not retest $30,000, Bitcoin was trading nearly 2 percent lower at $31,680. Ether, on the contrary, slipped almost 5 percent to trade at $1,887.
7. Bitcoin: After an initial buying spurt on Friday that took Bitcoin above $32,000, the coin lost some steam over the weekend. Though it did not retest $30,000, Bitcoin was trading nearly 2 percent lower at $31,680. Ether, on the contrary, slipped almost 5 percent to trade at $1,887.
 8. SEBI:  After an active consultation with depositories, clearing corporations (CC) and stock exchanges, the Securities Exchange Board of India (SEBI) has decided to provide 'Block Mechanism' in the Demat account of clients undertaking sale transactions.  Continue reading
8. SEBI: After an active consultation with depositories, clearing corporations (CC) and stock exchanges, the Securities Exchange Board of India (SEBI) has decided to provide 'Block Mechanism' in the Demat account of clients undertaking sale transactions. Continue reading
 9. Paytm IPO:  Digital payments startup Paytm has filed a draft red herring prospectus (DRHP), for an initial public offering (IPO) of up to Rs 16,600 crore. The total issue size of Rs 16,600 crore consists of a fresh issue and an offer for sale (OFS) of up to Rs 8,300 crore each, draft papers submitted to the market regulator Securities & Exchange Board of India (Sebi) showed on Friday.  Continue reading
9. Paytm IPO: Digital payments startup Paytm has filed a draft red herring prospectus (DRHP), for an initial public offering (IPO) of up to Rs 16,600 crore. The total issue size of Rs 16,600 crore consists of a fresh issue and an offer for sale (OFS) of up to Rs 8,300 crore each, draft papers submitted to the market regulator Securities & Exchange Board of India (Sebi) showed on Friday. Continue reading
 10. HDFC Bank AGM:  HDFC Bank's MD and CEO Sashidhar Jagdishan, on July 17, asserted that over 26 years, the lender has invested in tech way ahead of time and its clear focus is on digitising and improving productivity without laying off people. “Our aim is to become like a fintech,” he said while addressing the HDFC Bank annual general meeting (AGM).  Continue reading
10. HDFC Bank AGM: HDFC Bank's MD and CEO Sashidhar Jagdishan, on July 17, asserted that over 26 years, the lender has invested in tech way ahead of time and its clear focus is on digitising and improving productivity without laying off people. “Our aim is to become like a fintech,” he said while addressing the HDFC Bank annual general meeting (AGM). Continue reading
Published : July 19, 2021 08:17 AM IST
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