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10 things you need to know before the opening bell on December 10

Updated : December 10, 2020 08:23 AM IST

The Indian market is likely to open lower on Thursday following a weak trend in Asian peers. At 8:10 am, the SGX Nifty was trading 58.00 points or 0.43 percent lower at 13,507.00, indicating a negative start for the Sensex and Nifty50.

 1. Wall Street  | Global equity indexes fell on Wednesday as negotiations over further U.S. fiscal stimulus dragged on and the dollar rose for a fourth straight session. All three major U.S. stock indexes ended lower, with the Nasdaq down 1.9% and leading the day's losses. The Dow Jones Industrial Average fell 105.07 points, or 0.35%, to 30,068.81, the S&P 500 lost 29.43 points, or 0.79%, to 3,672.82 and the Nasdaq Composite dropped 243.82 points, or 1.94%, to 12,338.95.
1. Wall Street | Global equity indexes fell on Wednesday as negotiations over further U.S. fiscal stimulus dragged on and the dollar rose for a fourth straight session. All three major U.S. stock indexes ended lower, with the Nasdaq down 1.9% and leading the day's losses. The Dow Jones Industrial Average fell 105.07 points, or 0.35%, to 30,068.81, the S&P 500 lost 29.43 points, or 0.79%, to 3,672.82 and the Nasdaq Composite dropped 243.82 points, or 1.94%, to 12,338.95.
 2. Asian Stocks  | Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the US and Europe. Australian S&P/ASX 200 futures were down 0.28% in early trading, while Japan's Nikkei 225 futures were down 0.06%. Hong Kong's Hang Seng index futures were down 1.15%.
2. Asian Stocks | Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the US and Europe. Australian S&P/ASX 200 futures were down 0.28% in early trading, while Japan's Nikkei 225 futures were down 0.06%. Hong Kong's Hang Seng index futures were down 1.15%.
 3. Closing Bell on Wednesday | The Indian benchmark equity indices, Sensex and Nifty, jumped over 1 percent to end at record levels Wednesday on the back of relentless foreign capital inflows amid positive developments over the coronavirus vaccine. The Sensex ended 494.99 points or 1.09 percent higher at 46,103.50, while the Nifty gained 136.15 points or 1.02 percent to settle at 13,529.10.
3. Closing Bell on Wednesday| The Indian benchmark equity indices, Sensex and Nifty, jumped over 1 percent to end at record levels Wednesday on the back of relentless foreign capital inflows amid positive developments over the coronavirus vaccine. The Sensex ended 494.99 points or 1.09 percent higher at 46,103.50, while the Nifty gained 136.15 points or 1.02 percent to settle at 13,529.10.
 4. Crude Oil  | Oil prices climbed on Wednesday as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the U.S. dollar, in which oil is traded, reached 2 1/2-year lows. Brent crude rose 51 cents, or 1%, to $49.35 a barrel. US West Texas Intermediate (WTI) crude climbed 51 cents, up 1%, to $49.35.
4. Crude Oil | Oil prices climbed on Wednesday as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the U.S. dollar, in which oil is traded, reached 2 1/2-year lows. Brent crude rose 51 cents, or 1%, to $49.35 a barrel. US West Texas Intermediate (WTI) crude climbed 51 cents, up 1%, to $49.35.
 5. Rupee  | The rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar on Wednesday, with sustained foreign fund inflows and firming domestic equities lending support. At the interbank forex market, the domestic unit opened at 73.58 against the US dollar and witnessed an intra-day high of 73.49 and a low of 73.61. The local unit finally closed at 73.57 against the American currency, registering a rise of 3 paise - its highest level since October 22.
5. Rupee | The rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar on Wednesday, with sustained foreign fund inflows and firming domestic equities lending support. At the interbank forex market, the domestic unit opened at 73.58 against the US dollar and witnessed an intra-day high of 73.49 and a low of 73.61. The local unit finally closed at 73.57 against the American currency, registering a rise of 3 paise - its highest level since October 22.
 6. Banks  | The Indian Banks Association has sought the Reserve Bank of India’s permission to keep accounts of borrowers who are eligible for relief under the August 6 circular in standstill until the date of invocation of restructuring, sources told CNBC-TV18. The request was made as banks fear that several borrowers’ accounts may slip into NPA category the moment Supreme Court vacates its September 3 order on asset classification for accounts under the six-month moratorium.
6. Banks | The Indian Banks Association has sought the Reserve Bank of India’s permission to keep accounts of borrowers who are eligible for relief under the August 6 circular in standstill until the date of invocation of restructuring, sources told CNBC-TV18. The request was made as banks fear that several borrowers’ accounts may slip into NPA category the moment Supreme Court vacates its September 3 order on asset classification for accounts under the six-month moratorium.
 7. RBI  | The RBI has proposed draft rules for NBFCs to declare dividends. According to the draft circular, NBFCs with a minimum 15 percent capital adequacy and NPA below 6 percent for three years will be eligible to declare dividends.
7. RBI | The RBI has proposed draft rules for NBFCs to declare dividends. According to the draft circular, NBFCs with a minimum 15 percent capital adequacy and NPA below 6 percent for three years will be eligible to declare dividends.
 8. IRDAI  | Insurance regulator IRDAI on Wednesday proposed a standard personal accident product with common coverage and policy wordings across the industry, a move aimed at increasing penetration of the product. General and health insurers should offer the product from April 1, 2021 onwards.
8. IRDAI | Insurance regulator IRDAI on Wednesday proposed a standard personal accident product with common coverage and policy wordings across the industry, a move aimed at increasing penetration of the product. General and health insurers should offer the product from April 1, 2021 onwards.
 9. COVID-19 Vaccine  | Pfizer and AstraZeneca have released additional data from their trials on the efficacy of the vaccines. The US drug regulator has released its positive initial analysis on the Pfizer-BioNTech vaccine saying the two-dose vaccine is
9. COVID-19 Vaccine | Pfizer and AstraZeneca have released additional data from their trials on the efficacy of the vaccines. The US drug regulator has released its positive initial analysis on the Pfizer-BioNTech vaccine saying the two-dose vaccine is "highly effective" in preventing symptomatic COVID-19. Key analysis was that the vaccine starts providing protection 10 days after the first dose itself.
 10. US job openings  | US job openings increased modestly in October and layoffs rose, strengthening views that the labor recovery from the COVID-19 pandemic was slowing. Job openings, a measure of labor demand, increased to 6.65 million on the last day of October from 6.49 million the prior month, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS.
10. US job openings | US job openings increased modestly in October and layoffs rose, strengthening views that the labor recovery from the COVID-19 pandemic was slowing. Job openings, a measure of labor demand, increased to 6.65 million on the last day of October from 6.49 million the prior month, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS.
Published : December 10, 2020 08:23 AM IST
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