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10 things you need to know before the opening bell on January 15

Updated : 2020-01-15 07:55:58

Indian shares are expected to open on a flat note on Wednesday as global cues remain muted as market participants await the US-China trade deal. On the domestic front, December WPI inflation surged to 2.59 percent on costlier vegetables. At 7:15 am, the SGX Nifty was trading 15.50 points or 0.13 percent lower at 12,374.50, indicating at a tepid start for the Sensex and Nifty50. Here are the key things you need to know before the market opens:

1. Asia: Asia Pacific markets traded mixed on Wednesday ahead of the US and China signing a phase one trade deal. Nikkei shares in Japan were down 0.23 percent after the first half-hour of trade while the Topix index fell 0.19 percent. In South Korea, the Kospi index slipped 0.43 percent. Australia’s benchmark ASX 200 bucked the downward trend and rose 0.34 percent, with most sectors trading up. (Image: Reuters)
1. Asia: Asia Pacific markets traded mixed on Wednesday ahead of the US and China signing a phase one trade deal. Nikkei shares in Japan were down 0.23 percent after the first half-hour of trade while the Topix index fell 0.19 percent. In South Korea, the Kospi index slipped 0.43 percent. Australia’s benchmark ASX 200 bucked the downward trend and rose 0.34 percent, with most sectors trading up. (Image: Reuters)
2. US: US stocks dipped on Tuesday, reversing earlier intraday record highs, following a report that the United States would likely maintain tariffs on Chinese goods until after November's presidential election. The Dow Jones Industrial Average ended up 0.11 percent at 28,939.67 points, while the S&P 500 lost 0.15 percent to 3,283.15. The Nasdaq Composite dropped 0.24 percent to 9,251.33. (Image: AP)
2. US: US stocks dipped on Tuesday, reversing earlier intraday record highs, following a report that the United States would likely maintain tariffs on Chinese goods until after November's presidential election. The Dow Jones Industrial Average ended up 0.11 percent at 28,939.67 points, while the S&P 500 lost 0.15 percent to 3,283.15.
The Nasdaq Composite dropped 0.24 percent to 9,251.33. (Image: AP)
3. Markets at close on Tuesday: Indian markets ended at a record close for the second straight session, following gains in Asian peers, led by gains in index heavyweights like HDFC, ITC, Axis Bank, and TCS. Major buying was seen in FMCG, metal, and IT sectors, while banks were in the red for the day. The Sensex settled 93 points higher at a record close of 41,952, while Nifty also ended at a new closing high of 12,362, up 33 points. Meanwhile, foreign institutional investors sold Rs 206 crore in the cash market while domestic institutional investors sold Rs 642 crore. (Image: Reuters)
3. Markets at close on Tuesday: Indian markets ended at a record close for the second straight session, following gains in Asian peers, led by gains in index heavyweights like HDFC, ITC, Axis Bank, and TCS. Major buying was seen in FMCG, metal, and IT sectors, while banks were in the red for the day. The Sensex settled 93 points higher at a record close of 41,952, while Nifty also ended at a new closing high of 12,362, up 33 points. Meanwhile, foreign institutional investors sold Rs 206 crore in the cash market while domestic institutional investors sold Rs 642 crore. (Image: Reuters)
4. Rupee close: The rupee gave away its early morning gains to settle on a flat note at 70.87 against the US dollar ahead of the signing of the US-China trade deal and weak macroeconomic data on the domestic front. The domestic currency had opened on a strong note in line with other Asian peers after the US on Monday removed the currency manipulator label it imposed on China last summer. However, weak macro data weighed on the local unit. Besides, rising crude oil prices and strengthening of the American currency in the overseas market also dragged the domestic unit lower. At the interbank foreign exchange, the rupee opened on a strong note at 70.78 against the US dollar. (Image: Reuters)
4. Rupee close: The rupee gave away its early morning gains to settle on a flat note at 70.87 against the US dollar ahead of the signing of the US-China trade deal and weak macroeconomic data on the domestic front. The domestic currency had opened on a strong note in line with other Asian peers after the US on Monday removed the currency manipulator label it imposed on China last summer. However, weak macro data weighed on the local unit. Besides, rising crude oil prices and strengthening of the American currency in the overseas market also dragged the domestic unit lower. At the interbank foreign exchange, the rupee opened on a strong note at 70.78 against the US dollar. (Image: Reuters)
5. Crude oil: Oil prices edged higher on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent futures gained 29 cents, or 0.5 percent, to settle at $64.49 a barrel, while US West Texas Intermediate (WTI) crude ended 15 cents, or 0.3 percent, higher at $58.23. Both benchmarks pared gains in post-settlement trading as data from the American Petroleum Institute (API), an industry group, indicated that US crude stockpiles increased unexpectedly last week. (Image: Reuters)
5. Crude oil: Oil prices edged higher on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent futures gained 29 cents, or 0.5 percent, to settle at $64.49 a barrel, while US West Texas Intermediate (WTI) crude ended 15 cents, or 0.3 percent, higher at $58.23. Both benchmarks pared gains in post-settlement trading as data from the American Petroleum Institute (API), an industry group, indicated that US crude stockpiles increased unexpectedly last week. (Image: Reuters)
6. December WPI inflation surges: Wholesale prices based inflation surged to 2.59 percent in December, as against 0.58 percent in November due to an increase in prices of food articles like onion and potato. The annual inflation, based on the monthly wholesale price index (WPI), was at 3.46 percent during the same month a year ago (December 2018). The rate of price rise for food articles rose to 13.12 percent during December as against 11 percent a month earlier, while for non-food articles it rose nearly four-fold to 7.72 percent from 1.93 percent in November, showed the data released by the Ministry of Commerce and Industry on Tuesday. Among food articles, vegetable prices surged by 69.69 percent mainly on account of onion, which witnessed 455.83 percent jump in prices, followed by potato at 44.97 percent. (Image: Reuters)
6. December WPI inflation surges: Wholesale prices based inflation surged to 2.59 percent in December, as against 0.58 percent in November due to an increase in prices of food articles like onion and potato. The annual inflation, based on the monthly wholesale price index (WPI), was at 3.46 percent during the same month a year ago (December 2018). The rate of price rise for food articles rose to 13.12 percent during December as against 11 percent a month earlier, while for non-food articles it rose nearly four-fold to 7.72 percent from 1.93 percent in November, showed the data released by the Ministry of Commerce and Industry on Tuesday. Among food articles, vegetable prices surged by 69.69 percent mainly on account of onion, which witnessed 455.83 percent jump in prices, followed by potato at 44.97 percent. (Image: Reuters)
7. Brent crude to enter derivatives: The BSE will introduce a liquidity enhancement scheme in Brent crude oil futures from February 1 to boost trade in the commodity derivatives segment, the stock exchange said on Tuesday. Under the liquidity enhancement schemes (LES), brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities that have limited trading activity. In a circular, the BSE said the exchange
7. Brent crude to enter derivatives: The BSE will introduce a liquidity enhancement scheme in Brent crude oil futures from February 1 to boost trade in the commodity derivatives segment, the stock exchange said on Tuesday. Under the liquidity enhancement schemes (LES), brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities that have limited trading activity. In a circular, the BSE said the exchange "shall introduce liquidity enhancement scheme in Brent crude oil futures in commodity derivatives with effect from February 1, 2020". The introduction of the scheme would be subject to the approval of market regulator Sebi, it added. (Image: Reuters)
8. FICCI on economy slowdown reliefs: New Ficci president Sangita Reddy on Tuesday urged the government not to worry too much about the fiscal deficit and try to pump the economy by increasing investments to arrest slowdown and accelerate growth.
8. FICCI on economy slowdown reliefs: New Ficci president Sangita Reddy on Tuesday urged the government not to worry too much about the fiscal deficit and try to pump the economy by increasing investments to arrest slowdown and accelerate growth. "We need to infuse capital into the economy. The fact is that there is a slowdown of the GDP but to pump prime economy, adequate capital is really the need of the hour and therefore the proposition which we put forward is that we should not worry for a small expansion in the fiscal deficit," she said. She said that the government should find a mechanism to infuse Rs 1.5 to Rs 2 lakh crore into the economy as it would help to spur consumption. "With the increased consumption or purchasing power of people, investments and the overall sentiment of corporate India will improve and this will create a virtuous cycle, which grows the GDP," she told PTI. (Image: Reuters)
9. Government on Chinese medicines:  The government may impose anti-dumping duty on Chinese medicine used to treat different kinds of bacterial infections with a view to guard domestic players from cheap imports. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into alleged dumping of Ciprofloxacin Hydrochloride from China following a complaint filed by Aarti Drugs Ltd. DGTR in a notification said that on the basis of the prima facie evidence submitted by the domestic industry about the dumping of the product originating in or exported from China,
9. Government on Chinese medicines:  The government may impose anti-dumping duty on Chinese medicine used to treat different kinds of bacterial infections with a view to guard domestic players from cheap imports. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into alleged dumping of Ciprofloxacin Hydrochloride from China following a complaint filed by Aarti Drugs Ltd.
DGTR in a notification said that on the basis of the prima facie evidence submitted by the domestic industry about the dumping of the product originating in or exported from China, "the authority, hereby, initiates an investigation". In the probe, DGTR will determine the existence, degree and effect of any alleged dumping. (Image: Reuters)
10. Realty sector sentiment turns optimistic: Real estate sentiments in the country revived in December quarter and turned optimistic after two quarters on the back of several measures taken by the government and the RBI to boost demand, according to a joint report by Knight Frank-FICCI-Naredco. After staying in a pessimistic zone (below 50 mark) for two consecutive quarters, Knight Frank–FICCI–NAREDCO Real Estate Sentiment Index Q4 2019 survey showed that sentiments of real estate stakeholders in India were in the optimistic zone at 53 in October-December quarter of 2019, up from 42 in the previous quarter. The future sentiment score, that had gone in the red for the first time in the preceding July-September 2019 quarter at 49, also bounced back to 59 in Q4 2019. Though the sentiment is in the optimistic zone now, the qualitative outlook of stakeholders remains cautious, with a majority of them opining that the sector will remain at the same levels as previously even while it will not go down further in the next six months, it added. (Image: Reuters)
10. Realty sector sentiment turns optimistic: Real estate sentiments in the country revived in December quarter and turned optimistic after two quarters on the back of several measures taken by the government and the RBI to boost demand, according to a joint report by Knight Frank-FICCI-Naredco. After staying in a pessimistic zone (below 50 mark) for two consecutive quarters, Knight Frank–FICCI–NAREDCO Real Estate Sentiment Index Q4 2019 survey showed that sentiments of real estate stakeholders in India were in the optimistic zone at 53 in October-December quarter of 2019, up from 42 in the previous quarter. The future sentiment score, that had gone in the red for the first time in the preceding July-September 2019 quarter at 49, also bounced back to 59 in Q4 2019. Though the sentiment is in the optimistic zone now, the qualitative outlook of stakeholders remains cautious, with a majority of them opining that the sector will remain at the same levels as previously even while it will not go down further in the next six months, it added. (Image: Reuters)
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