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10 things you need to know before the opening bell on March 12

Updated : March 12, 2021 07:59 AM IST

The Indian market is likely to open on a subdued note on Friday as the trend on SGX Nifty indicates a flat start for the broader index in India. The Nifty futures were trading 3.50 points or 0.02 percent lower at the 15,415.50 level on the Singaporean Exchange at 7:45 am.

  1. Wall Street:  Broad gains in stocks pushed several major indexes to all-time highs on Wall Street. The S&P 500, the Dow Jones Industrial Average and a measure of small-company stocks all closed at record levels on Thursday. The S&P 500 added 1 percent and DJIA rose 0.6 percent. The tech-heavy Nasdaq rose 2.5 percent, but remains below the record high it set last month.
 1. Wall Street: Broad gains in stocks pushed several major indexes to all-time highs on Wall Street. The S&P 500, the Dow Jones Industrial Average and a measure of small-company stocks all closed at record levels on Thursday. The S&P 500 added 1 percent and DJIA rose 0.6 percent. The tech-heavy Nasdaq rose 2.5 percent, but remains below the record high it set last month.
 2. Asian stocks:  Asia-Pacific markets drifted higher Friday, taking cues from Wall Street where US stocks climbed to record highs overnight. Australian shares rose as the benchmark ASX 200 added 0.82 percent, with most sectors trading higher. In Japan, the Nikkei 225 rose 0.3 percent while the Topix index traded near flat. South Korea’s Kospi index jumped 1.31 percent as tech shares gained.
2. Asian stocks: Asia-Pacific markets drifted higher Friday, taking cues from Wall Street where US stocks climbed to record highs overnight. Australian shares rose as the benchmark ASX 200 added 0.82 percent, with most sectors trading higher. In Japan, the Nikkei 225 rose 0.3 percent while the Topix index traded near flat. South Korea’s Kospi index jumped 1.31 percent as tech shares gained.
 3. D-Street:  Indian stock market remained closed on Thursday on account of Mahashivratri. Trading will resume on Friday.
3. D-Street: Indian stock market remained closed on Thursday on account of Mahashivratri. Trading will resume on Friday.
  4. Oil:  Oil prices rose more than 2 percent on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in US fuel stocks and a resumption of operations by Texas refiners. Brent crude oil futures for May settled up 2.6 percent to $69.63 a barrel while US West Texas Intermediate crude for April ended the session 2.5 percent higher at $66.02.
 4. Oil: Oil prices rose more than 2 percent on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in US fuel stocks and a resumption of operations by Texas refiners. Brent crude oil futures for May settled up 2.6 percent to $69.63 a barrel while US West Texas Intermediate crude for April ended the session 2.5 percent higher at $66.02.
  5. Gold:  Gold prices gained for a third straight session on Thursday, hitting a one-week peak as softer inflation data in the United States pressured Treasury yields and the dollar index. Spot gold were up 0.7 percent at $1,738.08 per ounce by 0926 GMT, after hitting its highest since March 3 at $1,739.63 earlier. US gold futures climbed 0.9 percent to $1,736.30.
 5. Gold: Gold prices gained for a third straight session on Thursday, hitting a one-week peak as softer inflation data in the United States pressured Treasury yields and the dollar index. Spot gold were up 0.7 percent at $1,738.08 per ounce by 0926 GMT, after hitting its highest since March 3 at $1,739.63 earlier. US gold futures climbed 0.9 percent to $1,736.30.
 6. Rupee:  The Indian rupee recovered from the day's lows to end higher by a marginal 2 paise at 72.91 against the American currency on Wednesday, tracking positive investor sentiment globally in the wake of easing bond yields. At the interbank forex market, the local unit opened at 72.97 against the greenback and witnessed an intra-day high of 72.88 and a low of 73.10. It finally ended at 72.91 against the American currency, registering a rise of 2 paise over its previous close.
6. Rupee: The Indian rupee recovered from the day's lows to end higher by a marginal 2 paise at 72.91 against the American currency on Wednesday, tracking positive investor sentiment globally in the wake of easing bond yields. At the interbank forex market, the local unit opened at 72.97 against the greenback and witnessed an intra-day high of 72.88 and a low of 73.10. It finally ended at 72.91 against the American currency, registering a rise of 2 paise over its previous close.
 7. $1.9 billion stimulus package:  President Biden signed off on the $1.9 trillion stimulus package. The administration said that $1400 checks will likely start being distributed this weekend. The bulk of checks should be sent towards the end of March & early April.
7. $1.9 billion stimulus package: President Biden signed off on the $1.9 trillion stimulus package. The administration said that $1400 checks will likely start being distributed this weekend. The bulk of checks should be sent towards the end of March & early April.
 8. COVID-19:  The Centre on Thursday said Bharat Biotech's indigenously developed Covaxin is out of the
8. COVID-19: The Centre on Thursday said Bharat Biotech's indigenously developed Covaxin is out of the "clinical trial mode" and that it has now been granted the restricted emergency use authorisation.
 9. One Nation One Ration Card:  17 states have successfully operationalized the 'One Nation One Ration Card' system with Uttarakhand being the latest state to complete the reform. States completing the 'One Nation One Ration Card' system reform are eligible for additional borrowing of 0.25 percent of Gross State Domestic Product (GSDP). Accordingly, these states have been granted additional borrowing permission of Rs 37,600 crore, PIB said in a statement today.
9. One Nation One Ration Card: 17 states have successfully operationalized the 'One Nation One Ration Card' system with Uttarakhand being the latest state to complete the reform. States completing the 'One Nation One Ration Card' system reform are eligible for additional borrowing of 0.25 percent of Gross State Domestic Product (GSDP). Accordingly, these states have been granted additional borrowing permission of Rs 37,600 crore, PIB said in a statement today.
 10. PWC Global CEO Survey:  India has slipped one spot but remains among the world's top five investment destinations, said the annual PWC Global CEO Survey on Thursday. According to the survey, the United States has extended its lead over China as the top growth market that CEOs are looking to invest in. Germany remains in the third spot. The United Kingdom has overtaken India to occupy the 4th spot after Brexit while India has managed to remain in the top 5 just ahead of Japan.
10. PWC Global CEO Survey: India has slipped one spot but remains among the world's top five investment destinations, said the annual PWC Global CEO Survey on Thursday. According to the survey, the United States has extended its lead over China as the top growth market that CEOs are looking to invest in. Germany remains in the third spot. The United Kingdom has overtaken India to occupy the 4th spot after Brexit while India has managed to remain in the top 5 just ahead of Japan.
Published : March 12, 2021 07:59 AM IST
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