Motilal Oswal
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Motilal Oswal
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10 things you need to know before the opening bell on June 17

Updated : 2019-06-17 07:37:54

India shares are set for a muted start on Monday as concerns of rising oil prices and delayed monsoon weigh on the economy. Asian shares also traded flat ahead of the monetary policy decision of the US Federal Reserve on June 19. At 7.25 AM, the SGX Nifty futures traded 0.01 percent lower at 11,830, indicating a flat start for the Sensex and the Nifty 50.

1. Global Markets: Stocks in Asia traded flat on Monday as investors await a US Federal Reserve meeting set to happen later in the week. The Nikkei in Japan declined 0.25 percent in early trade while the Topix slipped 0.31 percent. In South Korea, the Kospi shed 0.26 percent. Meanwhile, markets in the US fell on Friday. The Dow slid 17.16 points, or 0.1 percent, to 26,089.61, the S&P 500 declined by 0.2 percent to 2,886.94 and the Nasdaq lagged, falling 0.5 percent to 7,796.66. (Image: Reuters)
1. Global Markets: Stocks in Asia traded flat on Monday as investors await a US Federal Reserve meeting set to happen later in the week. The Nikkei in Japan declined 0.25 percent in early trade while the Topix slipped 0.31 percent. In South Korea, the Kospi shed 0.26 percent. Meanwhile, markets in the US fell on Friday. The Dow slid 17.16 points, or 0.1 percent, to 26,089.61, the S&P 500 declined by 0.2 percent to 2,886.94 and the Nasdaq lagged, falling 0.5 percent to 7,796.66. (Image: Reuters)
2. Markets At Close On Friday: Indian benchmark indices extended losses after investors grew worried over higher crude prices following geopolitical developments in the Gulf of Oman. The Sensex ended 289.29 points lower at 39,452.17, while the broader Nifty50 index declined 90.75 points to end at 11,823.30. (Image: Reuters)
2. Markets At Close On Friday: Indian benchmark indices extended losses after investors grew worried over higher crude prices following geopolitical developments in the Gulf of Oman. The Sensex ended 289.29 points lower at 39,452.17, while the broader Nifty50 index declined 90.75 points to end at 11,823.30. (Image: Reuters)
3. Crude Oil: Brent futures rose 27 cents, 0.4 percent to $62.28 a barrel by 0040 GMT. They rose 1.1 percent on Friday. US West Texas Intermediate (WTI) crude futures were up 18 cents, or 0.4 percent, at $52.69 a barrel. They rose 0.4 percent in the previous session. (Image: Reuters)
3. Crude Oil: Brent futures rose 27 cents, 0.4 percent to $62.28 a barrel by 0040 GMT. They rose 1.1 percent on Friday. US West Texas Intermediate (WTI) crude futures were up 18 cents, or 0.4 percent, at $52.69 a barrel. They rose 0.4 percent in the previous session. (Image: Reuters)
4. Currency: The rupee closed 29 paise higher on Friday, at Rs 69.80 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies,closed at 97.5170. (Image: Reuters)
4. Currency: The rupee closed 29 paise higher on Friday, at Rs 69.80 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies,closed at 97.5170. (Image: Reuters)
5. FII & DII Data: Foreign investors remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data. Foreign portfolio investors (FPI) pumped in a net sum of Rs 1,517.12 crore into equities and Rs 9,615.64 crore into debt during June 3-14, the data showed. Meanwhile, on Friday, foreign institutional investors (FIIs) sold shares worth Rs 239 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 376 crore on June 14. (Image: Reuters)
5. FII & DII Data: Foreign investors remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data. Foreign portfolio investors (FPI) pumped in a net sum of Rs 1,517.12 crore into equities and Rs 9,615.64 crore into debt during June 3-14, the data showed. Meanwhile, on Friday, foreign institutional investors (FIIs) sold shares worth Rs 239 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 376 crore on June 14. (Image: Reuters)
6. FinMin On PSU Banks: The Finance Ministry is evaluating capital needs of state-owned banks, and likely to provide about Rs 30,000 crore in the upcoming Budget to help them meet minimum regulatory capital requirement in the current fiscal, sources said. The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India's economy hitting 5-year low growth of 6.8 per cent in 2018-19. (Image: Reuters)
6. FinMin On PSU Banks: The Finance Ministry is evaluating capital needs of state-owned banks, and likely to provide about Rs 30,000 crore in the upcoming Budget to help them meet minimum regulatory capital requirement in the current fiscal, sources said. The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India's economy hitting 5-year low growth of 6.8 per cent in 2018-19. (Image: Reuters)
7. India's Services Exports In April: India's service sector exports rose by 2.8 per cent to USD 18.06 billion in the first month of the current fiscal, RBI data showed on Friday. The services receipt or exports during April 2018 stood at USD 17.56 billion. Services payments or imports in April 2019 were at USD 11.4 billion, up by 4.6 per cent from USD 10.92 billion in the same month of 2018-19, according to the RBI data on India's international trade in services for April 2019. (Image: Reuters)
7. India's Services Exports In April: India's service sector exports rose by 2.8 per cent to USD 18.06 billion in the first month of the current fiscal, RBI data showed on Friday. The services receipt or exports during April 2018 stood at USD 17.56 billion. Services payments or imports in April 2019 were at USD 11.4 billion, up by 4.6 per cent from USD 10.92 billion in the same month of 2018-19, according to the RBI data on India's international trade in services for April 2019. (Image: Reuters)
8. India On US Exports: Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US. In a late evening notification, the Union Finance Ministry said that the decision was taken in public interest. The higher custom duty would be applicable from June 16. (Image: Reuters)
8. India On US Exports: Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US. In a late evening notification, the Union Finance Ministry said that the decision was taken in public interest. The higher custom duty would be applicable from June 16. (Image: Reuters)
9. GST Council: The GST Council is likely to extend till November 30, 2020 the tenure of the National Anti-profiteering Authority (NAA), which deals with customer complaints regarding not receiving tax cut benefits, at its next meeting on June 21, an official said. (Stock Image)
9. GST Council: The GST Council is likely to extend till November 30, 2020 the tenure of the National Anti-profiteering Authority (NAA), which deals with customer complaints regarding not receiving tax cut benefits, at its next meeting on June 21, an official said. (Stock Image)
10. IL&FS: A large number of individuals and entities, including independent directors, top management personnel, rating agencies and auditors formerly associated with crisis-hit IL&FS may soon face action by capital market regulator Sebi for their role in the alleged fraud at the group. Sebi has been conducting an in-depth investigation into the role of several entities and individuals, including for suspected violation of disclosure and corporate governance norms, and many of them would soon face stringent penal action for hurting the interest of minority shareholders and the overall capital markets with their fraudulent actions, senior officials said. (Image: Reuters)
10. IL&FS: A large number of individuals and entities, including independent directors, top management personnel, rating agencies and auditors formerly associated with crisis-hit IL&FS may soon face action by capital market regulator Sebi for their role in the alleged fraud at the group. Sebi has been conducting an in-depth investigation into the role of several entities and individuals, including for suspected violation of disclosure and corporate governance norms, and many of them would soon face stringent penal action for hurting the interest of minority shareholders and the overall capital markets with their fraudulent actions, senior officials said. (Image: Reuters)
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