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    10 things you need to know before the opening bell on July 22

    10 things you need to know before the opening bell on July 22

    10 things you need to know before the opening bell on July 22
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    By CNBCTV18.com  IST (Published)

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    SUMMARY

    The Indian market is likely to open flat on Wednesday amidst muted trend in Asian peers. At 8:24 am, the SGX Nifty was trading 16 points or 0.14 percent lower at 11,191, indicating a flat-to-negative start for the Sensex and Nifty50.

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    1. Asia: Stocks in Asia Pacific mostly declined in the morning, but mainland Chinese stocks bucked the trend. Gold prices soared to a nine-year high, while the dollar weakened after European Union leaders reached an unprecedented $2 trillion stimulus package, reported CNBC International. Japan’s Nikkei 225′s lost 0.37 percent, while the Topix edged down 0.19 percent. The country’s manufacturing activity contracted for a 13th straight month in July, data showed, according to Reuters. Over in South Korea, the Kospi rose 0.11 percent. (Image: AP)

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    2. US: U.S. stock futures rose slightly in overnight trading ahead of major technology earnings from Microsoft and Tesla on Wednesday, reported CNBC International. Dow futures rose 80 points. The S&P 500 and Nasdaq-100 futures rose 0.2 percent and 0.15 percent, respectively. A few disappointing company earnings after the bell Tuesday weighed on investor sentiment. (Image: Reuters)

    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 Tuesday: Indian stocks rose for a fifth straight session on Tuesday, led by financials, auto and energy stocks. The sentiment remained upbeat as hopes for a COVID-19 vaccine and strong earnings momentum eclipsed fears over surging domestic cases. The Sensex ended 511 points higher at 37,930 while the Nifty rose 140 points to settle at 11,162. Index heavyweights RIL, HDFC, ICICI Bank, Kotak Bank and Maruti contributed the most to the gains. (Image: Reuters)

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    4. Crude Oil: Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer, reported CNBC International. Brent crude fell 32 cents, or 0.7 percent, to $44 a barrel by 0156 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 33 cents, or 0.8 percent, to $41.59. (Image: Reuters)'

    Indian rupee
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    5. Rupee Close: The Indian currency appreciated 17 paise amidst positive domestic equities and hopes of a COVID-19 vaccine. The rupee ended at 74.74 against the US dollar. Forex traders said, positive domestic equities, foreign fund inflows and hopes of a COVID-19 vaccine supported the rupee. (Image: Reuters)

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    6. Govt Asks Chinese Apps To Ensure Compliance With Ban Order: After banning 59 apps of Chinese origin, the government on Tuesday directed them to ensure strict compliance to its orders, and warned of serious action in case of any violation, according to an official source. The government source told PTI that the IT Ministry has now written to all these companies, warning that continued availability and operation of these banned apps, directly or indirectly, is not only illegal but also an offence under the Information Technology Act and other applicable Acts, which would attract penal provisions. (Representational Image)

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    7. Nirmala Sitharaman On More Govt Measures: Finance Minister Nirmala Sitharaman on Tuesday promised more policy interventions to revive the economy, and emphasised that green shoots are visible and the agriculture sector is driving growth. Indicators like electricity and fuel consumption, inter and intra-state movement of goods, PMI data and retail financial transactions are witnessing a pick-up, she said. Earlier this month, Prime Minister Narendra Modi too had said the Indian economy has started seeing "green shoots" of recovery and the country remains one of the most open economies in the world. (Image: Reuters)

    Railway ticket booking, waiting list tickets
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    8. Private Trains' Pre-Bid Meeting Attracts 16 Potential Bidders: Indian Railways today held its first pre-bid meeting on private trains and a total of 16 interested bidders participated. The meeting was held to discuss the issues and queries raised by interested parties with regard to the operation of 151 trains under a public-private partnership. The queries were largely related to eligibility criteria, bid process, procurement of rakes, operations of trains, and composition of clusters. As part of the discussion today, it was clarified that haulage charges will be specified upfront and will be suitably indexed for the entire concession period, which is 35 years. (Image: PTI)

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    9. India's GDP To Contract 6.1% In FY21, Says Nomura: Economic activity continues to remain weak and will lead to a 6.1 per cent contraction in India's GDP in the current fiscal, a foreign brokerage said on Tuesday. The Reserve Bank is likely to pause at the upcoming policy review in August and cut rates by 25 basis points each in the October and December reviews, Japanese brokerage Nomura said in a report. All the analysts expect a contraction in the GDP due to the COVID-19 pandemic, which has impacted both supply and demand forces in the economy since March. Official data also suggests a surge in inflation, which will further drag down the GDP in real terms. (Image: Reuters)

    IT jobs IT worker
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    10. Employment Sentiment Sees Signs Of Improvement: Easing of lockdown restrictions, seems to have a positive impact on the job landscape across sectors and geographies as employment sentiment has picked by 7 percent from the 86 percent drop it witnessed during the lockdown, says a report. According to the latest TeamLease Employment Outlook Report for the first half of this fiscal, the hiring sentiment which had taken a beating in the October to March period is showing signs of gradual improvement since unlock 1.0. Until unlock 1.0, the hiring sentiment for the current half-year (April-September) was as low as 11 percent, however, it has improved to 18 percent. (Representational Image)

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