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10 things you need to know before the opening bell on December 14

10 things you need to know before the opening bell on December 14

10 things you need to know before the opening bell on December 14
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By CNBCTV18.com Dec 14, 2020 7:37:47 AM IST (Published)

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SUMMARY

The Indian market is likely to open higher Monday following gains in Asian peers amid positive global cues as coronavirus vaccines cheered risk sentiment. At 7:10 am, the SGX Nifty was trading 56.50 points or 0.42 percent higher at 13,590.50, indicating a positive start for the Sensex and Nifty50.

Investors look at computer screens showing stock information at a brokerage house in Shanghai
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1. Asia: Stocks in Asia-Pacific saw gains in Monday morning trade, as optimism rose on the approval of Pfizer’s Covid-19 vaccine. In Japan, the Nikkei 225 gained 0.69 percent in morning trade while the Topix index rose 0.89 percent. Over in South Korea, the Kospi added 0.24 percent, recovering from an earlier dip. Meanwhile, shares in Australia edged higher, with the S&P/ASX 200 up around 0.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.12 percent higher, reported CNBC International. (Image: Reuters)

Stock traders wear New Year's 2020 party glasses at New York Stock Exchange, Tuesday, Dec. 31, 2019. Stocks slipped globally in quiet New Year's Eve trading Tuesday with many markets closed. Wall Street could close 2019 with back-to-back daily losses in a year that the U.S. posted the largest market gains since 2013. (AP Photo/Mark Lennihan)
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2. US: U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout as well as the coronavirus stimulus stalemate in Washington. Dow futures rose 180 points. S&P 500 futures and Nasdaq 100 futures gained 0.55 percent and 0.45 percent, respectively, reported CNBC International. (Image: AP)

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3. Markets At Close On Friday: The Indian benchmark equity indices, Sensex and Nifty ended Friday's volatile session higher led by gains in PSU banks and metal stocks amid mixed global cues. The Sensex ended 139.13 points or 0.30 percent higher at 46,099.01 while the Nifty gained 35.55 points or 0.26 percent to settle at 13,513.85. Broader indices, Nifty Smallcap100 and Nifty Midcap100 gained 0.63 and 0.22 percent, respectively. Among sectors, Nifty PSU Bank and Nifty Metal rallied the most over 1 percent followed by Nifty FMCG, Nifty Financial Services, Nifty Realty and Nifty Media. Among losers were Nifty Pharma, Nifty IT and Nifty Auto. (Image: Reuters)

Oil falls on surging virus cases and US-China tensions
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4. Crude Oil: Oil prices turned lower on Friday, as demand worries due to new coronavirus-related restrictions on business in New York overshadowed progress toward vaccination programs. Brent futures fell 28 cents, or 0.56 percent, to settle at $49.97 a barrel, after rising above $51 a barrel on Thursday to an early-March high. U.S. West Texas Intermediate (WTI) crude fell 21 cents, or 0.4 percent, to settle at $46.57, having risen almost 3 percent in the previous session, reported CNBC International. (Image: Reuters)

Rupee ends at 74.43/USD; lowest closing in over 2 months
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5. Rupee Close: The Indian rupee ended flat at 73.64 against the US dollar on Friday, December 11, while trading in a narrow range and tracking recovery in domestic equities towards the end of the session. At the interbank foreign exchange market, the local unit opened at 73.65 against the dollar and registered an intra-day high of 73.56. It witnessed a low of 73.71, reported PTI.  (Image: Reuters)

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6. Burger King Listing: Burger King India, the subsidiary of US-based quick service restaurant chain Burger King, will debut on bourses today after receiving a strong response to its initial public offering. The Rs 810-crore public issue received second highest subscription of 156.65 times in 2020, during the December 2-4 period. It has a target to increase this restaurants chain to 700 by the end of December 2026.  (Stock Image)

Total government liabilities rise to Rs 101.3 lakh cr in Q1: Finmin report
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7. Finance Ministry On Capital Infusion In Banks:  The Finance Ministry will take a call on residual Rs 14,500 crore capital infusion in the public sector banks (PSBs) in the fourth quarter of this fiscal, sources said. Following the financial performance review after the first half, sources said, it was found that Punjab & Sind Bank, out of the 12 PSBs, was in need of Rs 5,500 crore to meet the regulatory requirement  So, the government approved capital infusion through preferential allotment of equity shares in Punjab & Sind Bank last month. The fund was approved from Rs 20,000 crore cleared by Parliament in September for capital infusion of PSBs as part of the first batch of Supplementary Demands for Grants for 2020-21. With Rs 5,500 crore going to Punjab & Sind Bank, the government is left with Rs 14,500 crore. (Image: IANS) 

Ministry of Finance
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8. Ministry of Finance On Capex Expenditure: The Finance Ministry on Saturday said it has approved Rs 9,879.61 crore worth capital expenditure proposals of 27 states. Of this, Rs 4,939.81 crore has been released as the first installment. In a statement, the ministry said all states, except Tamil Nadu, have availed benefits of the newly announced scheme for 'Special Assistance to States for Capital Expenditure', which was announced on October 12 as part of AatmaNirbhar Bharat package. "So far capital expenditure proposals of Rs 9,879.61 crore of 27 states have been approved by the Ministry of Finance. An amount of Rs 4,939.81 crore has already been released to the states as the first instalment under the scheme," it said. (Image: Reuters)

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9. SIAM On Passenger Vehicle Sales: India's passenger vehicle sales posted a 4.6 percent rise in November as the festive season saw a pick up in demand, industry body SIAM said on Friday as it corrected its earlier projection of a sharp 13 percent growth. As many as 2,64,898 passenger vehicles were sold in November as against 2,53,139 units in the same month last year, SIAM said in revised numbers. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales rose 13.43 percent to 16,00,379 units, compared with 14,10,939 units in the same month last year. (Image: Reuters)

S&P BSE Finance | 2019 return: 16.67 percent | Level as on 31 Dec 2018: Rs 5,928.97 | Level as on 13 Dec 2019: Rs 6,917.05
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10. Market Cap Of Eight Out Of Top-10 Companies Surge: Eight of the top-10 most valuable firms together added Rs 1,53,041.36 crore in market valuation last week in line with a bullish broader market trend, with Hindustan Unilever Ltd and Reliance Industries Ltd becoming the biggest gainers. During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26 percent. The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation. The market capitalisation of Hindustan Unilever Ltd zoomed Rs 43,596.02 crore to Rs 5,57,714.17 crore. RIL added Rs 37,434.4 crore to take its valuation to Rs 12,71,438.23 crore. (Stock Image)

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