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10 things to know before the opening bell on December 5

Updated : 2019-12-05 07:32:11

Indian shares are set for a cautious start on Thursday ahead of the Reserve Bank of India’s monetary policy decision later in the day. At 7:15 am, the SGX Nifty was trading 10 points or 0.08 percent lower at 12,084.50, pointing to a flat start for the Sensex and the Nifty50.

1. Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares were up 0.9 percent, while Japan's Nikkei stock index rose 0.81 percent. (Image: Reuters)
1. Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares were up 0.9 percent, while Japan's Nikkei stock index rose 0.81 percent. (Image: Reuters)
2. Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going
2. Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out. The Dow Jones Industrial Average rose 146.97 points, or 0.53 percent, to 27,649.78. The S&P 500 gained 19.56 points, or 0.63 percent, to 3,112.76 and the Nasdaq Composite added 46.03 points, or 0.54 percent, to 8,566.67. (Image: AP)
3. Markets At Close On Wednesday: Indian shares ended higher on Tuesday with the Nifty above 12,000 levels led by gains in banking, metal and auto stocks. The sentiment was also boosted as investors expected another rate cut for the sixth consecutive time in the RBI monetary policy decision due tomorrow to curb the weakening economy. The Sensex ended 175 points higher at 40,850, while the Nifty50 index ended 43 points higher at 12,037. Meanwhile, foreign institutional investors sold Rs 781 crore in the cash market while domestic institutional investors bought Rs 904 crore. (Image: Reuters)
3. Markets At Close On Wednesday: Indian shares ended higher on Tuesday with the Nifty above 12,000 levels led by gains in banking, metal and auto stocks. The sentiment was also boosted as investors expected another rate cut for the sixth consecutive time in the RBI monetary policy decision due tomorrow to curb the weakening economy. The Sensex ended 175 points higher at 40,850, while the Nifty50 index ended 43 points higher at 12,037. Meanwhile, foreign institutional investors sold Rs 781 crore in the cash market while domestic institutional investors bought Rs 904 crore. (Image: Reuters)
4. Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session's steep gains on a sharp drop in U.S. crude inventories and expectations of more output cuts. Brent crude futures dipped 10 cents, or 0.2 percent, to $62.90 a barrel by 0112 GMT. Brent surged 3.6 percent on Wednesday. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.4 percent, to $58.21 a barrel. They settled up 4.2 percent on Wednesday. (Image: AP)
4. Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session's steep gains on a sharp drop in U.S. crude inventories and expectations of more output cuts. Brent crude futures dipped 10 cents, or 0.2 percent, to $62.90 a barrel by 0112 GMT. Brent surged 3.6 percent on Wednesday. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.4 percent, to $58.21 a barrel. They settled up 4.2 percent on Wednesday. (Image: AP)
5. The Indian rupee pared initial losses to close 13 paise higher at 71.53 against the US dollar on Wednesday as sentiment revived after reports suggested the US-China deal is nearing. Forex traders said market participants are hopeful that the Reserve Bank will go for another rate cut in the RBI policy meet on Thursday. Besides, the rupee also got support from foreign fund inflows in the primary equity market. At the interbank foreign exchange, the rupee opened weak at 71.76 against the US dollar. During the day, the domestic unit touched a high of 71.53 and a low of 71.81. (Image: Reuters)
5. The Indian rupee pared initial losses to close 13 paise higher at 71.53 against the US dollar on Wednesday as sentiment revived after reports suggested the US-China deal is nearing. Forex traders said market participants are hopeful that the Reserve Bank will go for another rate cut in the RBI policy meet on Thursday. Besides, the rupee also got support from foreign fund inflows in the primary equity market. At the interbank foreign exchange, the rupee opened weak at 71.76 against the US dollar. During the day, the domestic unit touched a high of 71.53 and a low of 71.81. (Image: Reuters)
6. RBI MPC Meeting: The Reserve Bank of India’s Monetary Policy Committee will announce its policy decision today, with policy stance unchanged. Nine out of the 10 economists polled by CNBC-TV18 said that they expect a 25 bps cut in the repo rate to 4.90 percent from 5.15 percent currently. (Image: Reuters)
6. RBI MPC Meeting: The Reserve Bank of India’s Monetary Policy Committee will announce its policy decision today, with policy stance unchanged. Nine out of the 10 economists polled by CNBC-TV18 said that they expect a 25 bps cut in the repo rate to 4.90 percent from 5.15 percent currently. (Image: Reuters)
7. Cabinet Approves ETF Launch For Bonds: The Union Cabinet approved the launch of an exchange-traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions. The New Fund Offer (NFO) of this ETF is expected to be to launched during December itself. Bharat Bond ETF would be the first corporate bond ETF in the country. (Stock Image)
7. Cabinet Approves ETF Launch For Bonds: The Union Cabinet approved the launch of an exchange-traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions. The New Fund Offer (NFO) of this ETF is expected to be to launched during December itself. Bharat Bond ETF would be the first corporate bond ETF in the country. (Stock Image)
8. GST Council Meet On Raising Cess: The GST Council meeting scheduled to be held on December 18 is likely to deliberate on raising cess on some more products to meet the growing need of compensation among other issues. The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected. (Stock Image)
8. GST Council Meet On Raising Cess: The GST Council meeting scheduled to be held on December 18 is likely to deliberate on raising cess on some more products to meet the growing need of compensation among other issues. The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected. (Stock Image)
9. Power Distribution Companies Debt Rise: The power distribution companies in the states owe Rs 67,245 crore as overdue to power generating companies at the end of October 2019. Recently, the Association of Power Producers (APP) has written a letter to the union power minister RK Singh seeking quick liquidation of the past dues from the state distribution companies. The letter highlights that delay in payment of dues by state distribution companies is impacting power companies to limit working capital. (Image: Reuters)
9. Power Distribution Companies Debt Rise: The power distribution companies in the states owe Rs 67,245 crore as overdue to power generating companies at the end of October 2019. Recently, the Association of Power Producers (APP) has written a letter to the union power minister RK Singh seeking quick liquidation of the past dues from the state distribution companies. The letter highlights that delay in payment of dues by state distribution companies is impacting power companies to limit working capital. (Image: Reuters)
10. US President Donald Trump Positive On Trade Deal: US President Donald Trump said on Wednesday that trade talks with China were going
10. US President Donald Trump Positive On Trade Deal: US President Donald Trump said on Wednesday that trade talks with China were going "very well," sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 U.S. presidential election. "Discussions are going very well and we'll see what happens," Trump told reporters said at a meeting of NATO leaders near London. (Image: Reuters)
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