Motilal Oswal
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Motilal Oswal
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10 things you need to know before the opening bell on June 20

Updated : 2019-06-20 07:41:55

Indian stock markets are likely to open in green on Thursday following dovish monetary policy outlook from the US Federal Reserve in line with market expectations. The US central bank kept interest rates unchanged and signalled possible rate cuts this year. Asian shares traded marginally higher on Fed decision and hopes for positive US-China trade talks in the upcoming G20 meeting. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 ended marginally higher after a volatile session on Wednesday. At 7.02 AM, the SGX Nifty futures traded 28 points, or 0.24 percent, higher at 11,746.50, pointing to a positive start for the Sensex and the Nifty 50. Here are the 10 things you need to know before the opening bell:

1. A gauge of global stock markets edged near this year's peak while benchmark US Treasury yields and the dollar dropped after the Federal Reserve signalled possible interest rate cuts later this year. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent while Japan's Nikkei gained 0.5 percent, reported Reuters. (Image: Reuters)
1. A gauge of global stock markets edged near this year's peak while benchmark US Treasury yields and the dollar dropped after the Federal Reserve signalled possible interest rate cuts later this year. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent while Japan's Nikkei gained 0.5 percent, reported Reuters. (Image: Reuters)
2. US: Wall Street closed higher on Wednesday after the US Federal Reserve kept the interest rates unchanged at the meeting, as was widely expected. The Dow Jones rose 38.46 points to 26,504, while the S&P 500 gained 0.3 percent and the Nasdaq Composite advanced 0.4 percent. (Image: Reuters)
2. US: Wall Street closed higher on Wednesday after the US Federal Reserve kept the interest rates unchanged at the meeting, as was widely expected. The Dow Jones rose 38.46 points to 26,504, while the S&P 500 gained 0.3 percent and the Nasdaq Composite advanced 0.4 percent. (Image: Reuters)
3. Markets At Close On Wednesday: Indian benchmark indices ended marginally higher amid volatile trade, following Asian shares on hopes of US Federal Reserve easing its policy stance. The Sensex ended 66 points higher at 39,113, while the broader Nifty50 index settled unchanged at 11,691. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 97 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 105 crore. (Image: Reuters)
3. Markets At Close On Wednesday: Indian benchmark indices ended marginally higher amid volatile trade, following Asian shares on hopes of US Federal Reserve easing its policy stance. The Sensex ended 66 points higher at 39,113, while the broader Nifty50 index settled unchanged at 11,691. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 97 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 105 crore. (Image: Reuters)
4. Crude Oil: Oil prices rose over 1 percent as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts. Brent crude futures had risen 82 cents, or 1.3 percent, to $62.64 by 0026 GMT.  U.S. West Texas Intermediate (WTI) crude futures were up 79 cents, or 1.5 percent, at $54.55 a barrel. (Image: Reuters)
4. Crude Oil: Oil prices rose over 1 percent as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts. Brent crude futures had risen 82 cents, or 1.3 percent, to $62.64 by 0026 GMT.  U.S. West Texas Intermediate (WTI) crude futures were up 79 cents, or 1.5 percent, at $54.55 a barrel. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.68 against the US dollar., 0.03 percent lower on Wednesday The dollar index against a basket of six major currencies was little changed at 97.188 after losing more than 0.5 percent overnight. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.68 against the US dollar., 0.03 percent lower on Wednesday The dollar index against a basket of six major currencies was little changed at 97.188 after losing more than 0.5 percent overnight. (Image: Reuters)
6. US Federal Reserve: The US Federal Reserve left the key interest rate unchanged but signalled that it is prepared to start cutting rates if needed to protect the US economy from trade conflicts and other threats. The Fed left its benchmark rate — which influences many consumer and business loans — in a range of 2.25 percent to 2.5 percent, where it's been since December. (Image: Reuters)
6. US Federal Reserve: The US Federal Reserve left the key interest rate unchanged but signalled that it is prepared to start cutting rates if needed to protect the US economy from trade conflicts and other threats. The Fed left its benchmark rate — which influences many consumer and business loans — in a range of 2.25 percent to 2.5 percent, where it's been since December. (Image: Reuters)
7. RBI Governor Shaktikanta Das: A meeting of the Financial Stability and Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, has reviewed the current state of the Indian economy, the overall macroeconomic situation and global developments. The meeting is part of the minister's ongoing pre-budget consultations, said the RBI Governor Shaktikanta Das to the media. (Image: PTI)
7. RBI Governor Shaktikanta Das: A meeting of the Financial Stability and Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, has reviewed the current state of the Indian economy, the overall macroeconomic situation and global developments. The meeting is part of the minister's ongoing pre-budget consultations, said the RBI Governor Shaktikanta Das to the media. (Image: PTI)
8. ICRA Report: Operational creditors account for nearly half of the bankruptcy cases admitted at the NCLTs and the haircuts in resolutions taken by them are at par with the<br />same taken by financial creditors, a report said. The operational creditors -- vendors and companies who have dues from a distressed company -- are assumed to be unsecured creditors, unlike the secured financial creditors like banks. (Image: Reuters)
8. ICRA Report: Operational creditors account for nearly half of the bankruptcy cases admitted at the NCLTs and the haircuts in resolutions taken by them are at par with the
same taken by financial creditors, a report said. The operational creditors -- vendors and companies who have dues from a distressed company -- are assumed to be unsecured creditors, unlike the secured financial creditors like banks. (Image: Reuters)
9. SEBI: Markets regulator Sebi has set various grounds on the basis of which an applicant can be assured confidentiality while filing a plea under the settlement mechanism. In a circular, the regulator also listed the factors that can adversely affect the applicant's claim for confidentiality. For the confidentiality, the regulator will assess whether the co-operation was provided before the applicant had knowledge of any pending proceedings.<br />The other factors such as whether the provided information was truthful, complete and reliable will be ascertained. (Image: Reuters)
9. SEBI: Markets regulator Sebi has set various grounds on the basis of which an applicant can be assured confidentiality while filing a plea under the settlement mechanism. In a circular, the regulator also listed the factors that can adversely affect the applicant's claim for confidentiality. For the confidentiality, the regulator will assess whether the co-operation was provided before the applicant had knowledge of any pending proceedings.
The other factors such as whether the provided information was truthful, complete and reliable will be ascertained. (Image: Reuters)
10.Ministry Of Road Transport And Highways: Pushing ahead for a greener nation, the Ministry of Road Transport and Highways has proposed to exempt battery-operated vehicles from the registration fees. Two-, three- and four-wheelers, which are battery operated, will not have to pay fees for renewal of the registration certificate. The government has issued a draft inviting comments from the stakeholders. The ministry has to amend the Central Motor Vehicles Rules before making the proposed changes. (Image: Reuters)
10.Ministry Of Road Transport And Highways: Pushing ahead for a greener nation, the Ministry of Road Transport and Highways has proposed to exempt battery-operated vehicles from the registration fees. Two-, three- and four-wheelers, which are battery operated, will not have to pay fees for renewal of the registration certificate. The government has issued a draft inviting comments from the stakeholders. The ministry has to amend the Central Motor Vehicles Rules before making the proposed changes. (Image: Reuters)
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