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    10 things you need to know before the opening bell on July 20

    10 things you need to know before the opening bell on July 20

    10 things you need to know before the opening bell on July 20
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    By CNBCTV18.com  IST (Published)

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    SUMMARY

    The Indian stock market is expected to open on a cautious note on Monday given the corporate earnings season and the rising cases of coronavirus. At 7:39 am, the SGX Nifty traded 44 points lower at 10,886.80, indicating a weak start for the Sensex and the Nifty50.

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    1. Asia: Stocks in Asia Pacific were mixed in early trade on Monday as investors awaited the release of China’s benchmark lending rate, reported CNBC International. Japan’s Nikkei 225 rose 0.19 percent, with some gains seen in the tech sector. The Topix was flat in early trade. Shares in Australia fell, with the S&P/ASX 200 declining 0.23 percent as financials saw declines across the board. Over in South Korea, the Kospi edged down 0.18 percent. Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan traded flat. In other expected developments on Monday, China is due to release its loan prime rate. A Reuters poll found that it is expected to keep its benchmark lending rate steady for the third straight month. (Image: Reuters)

    US stock market, Wall Street
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    2. US: Stock futures rose slightly Sunday night as investors tried to build on last week’s solid performance, said CNBC International. Dow Jones Industrial Average futures traded 40 points higher, or 0.2 percent. S&P 500 futures advanced 0.13 percent while Nasdaq-100 futures gained 0.2 percent. The S&P 500 and Dow rose 1.3 percent and 2.3 percent, respectively, last week for their third straight weekly advances. Those gains came as investors flocked into more beaten-up value names amid positive vaccine trial news from Moderna and a partnership between Pfizer and BioNTech. (Image: AP)

    Sensex, Nifty, Bank Nifty, Nifty IT, Nifty FMCG, Nifty Auto, Nifty Metal, HDFC, HDFC Bank, Reliance Industries, TCS, Hindustan Unilever, BSE India, NSE India, Markets Today, Market News
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    3. Market At Close On Friday: Indian equity benchmark indices extended gains to end over four-month high on Friday led by buying in energy, infra, metal and banking stocks. The Sensex ended 1.50 percent or 548.46 points higher at 37,020.14 while the Nifty surged 1.51 percent or 161.75 points to settle at 10,901.70. Better than expected corporate earnings so far and excess of global liquidity helped markets gain for the fifth consecutive week, analysts said. Last week, Sensex and Nifty gained over 1.2 percent each.(Image: Reuters)

    Crude
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    4. Crude Oil: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing nations ready increases in output, reported CNBC International. Brent crude futures fell 24 cents to $43.13 a barrel. West Texas Intermediate crude settled 16 cents lower at $40.59 per barrel. “With more production coming online from August, a dip in demand can really play a pivotal role in pushing recovering prices back to lower levels,” said Rystad oil markets analyst Louise Dickson. (Image: Reuters)

    Indian rupee
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    5. Rupee Close: The Indian currency appreciated to trade below the 75 mark against the dollar on Friday, amid a mixed trend in Asian currencies. It moved in a range of 28 paise against the US dollar, between 74.96 and 75.24, during the four-hour session before shutting shop at 75.02. Strength in domestic equity markets and weakness in the dollar supported the rupee, according to analysts. (Image: Reuters)

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    6. US To Resume Passenger Flights To India: The Narendra Modi government has agreed to allow US air carriers to resume passenger services in the US-India market starting July 23, the US Transportation Department said on Friday. The transportation department said it was withdrawing an order it had issued requiring Indian air carriers to apply for authorisation prior to conducting charter flights, and said it had approved an Air India application for passenger charter flights between the United States and India. Ministry of civil aviation said on Twitter it was moving to "further expand our international civil aviation operations" and arrangements from some flights "with US, UAE, France & Germany are being put in place while similar arrangements are also being worked out with several other countries." (Image: AP)

    Income Tax, ITR forms, Income tax Returns, CBDT, Sahaj, Sugam, ITR 1 Form, ITR 4 Sugam, Difference between ITR 1 and ITR 4, Assessment Year 2020-21, Income Tax news, Income Tax Returns filing date and deadline, Things to check for ITR filing
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    7. CBDT Completes Rs 71,000 Crore Refunds To Help Taxpayers With Liquidity: The Central Board of Direct Taxes (CBDT) has issued refunds to the tune of Rs 71,229 crore in more than 21.24 lakh cases by July 11 to help taxpayers with liquidity. According to a statement released by the CBDT, income tax refunds to the tune of Rs 24,603 crore have been issued in 19.79 lakh cases to taxpayers and corporate tax refunds amounting to Rs 46,626 crore in 1.45 lakh cases have also been issued to taxpayers. The CBDT said that the government has laid great emphasis on providing tax-related services to the taxpayers without any hassles and is aware that many taxpayers are awaiting their tax refunds.It added that all refund-related requests are being taken up on priority and would be completed by August 31. (Representational Image)

    Income Tax return file
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    8. Income Tax Department To Launch E-campaign On Voluntary Compliance: The Income Tax Department will start an e-campaign from July 20 on voluntary compliance for the convenience of taxpayers. The Central Board of Direct Taxes (CBDT) said that data analysis has identified certain taxpayers with high-value transactions who have not filed returns for AY2019-20 (relevant to FY2018-19). In addition to non-filers, another set of return filers has also been identified wherein high-value transactions do not appear to be in line with their Income Tax Returns. The CBDT in a statement said that the last date for filing as well as revising the Income Tax Return for Assessment Year 2019-20 (relevant to FY 2018-19) is July 31, 2020. (Representational Image)

    Railway ticket booking, waiting list tickets
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    9. Railways To Introduce Private Trains By 2023: The first set of 12 private trains will be introduced in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the railways which plans to roll out all 151 such train services by 2027, officials said. In a formal kick-start to its plans to allow private entities to operate passenger trains on its network, the railways earlier this month invited proposals from companies to run 151 modern passenger trains on 109 pairs of routes across the country. The project would entail a private sector investment of about Rs 30,000 crore. As part of the plan for private trains, the railways has planned to introduce 12 trains in 2022-23, 45 in 2023-2024, 50 in 2025-26 and 44 more in the next fiscal, taking the total number of trains to 151 by the end of FY 2026-2027. (Image: PTI)

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    10. COVID May Peak By Mid-September In India: COVID-19 cases may peak in India early as mid-September provided strong public health measures are in place and people behave in a responsible manner to contain the virus, President of Public Health Foundation of India, Prof. K Srinath Reddy, said on Saturday. Speaking to PTI, he expressed concern over the microbe spreading with renewed vigour, as confirmed infections and deaths crossed one million and 25,000 respectively in India earlier this week. "Ideally we could have and should have prevented it reaching this level, but even now we should try our best and contain it as quickly as possible", the public health expert said. (Image: Reuters)

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