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10 things you need to know before the opening bell on March 1

Updated : March 01, 2021 08:44 AM IST

The Indian market is likely to open higher on Monday following gains in Asian peers amid positive global cues. At 8:10 am, the SGX Nifty was trading 222.00 points or 1.53 percent higher at 14,746.50, indicating a positive start for the Sensex and Nifty50.

 1. Wall Street  | The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high. The Dow Jones Industrial Average fell 480.04 points, or 1.53 percent, to 30,921.97, the S&P 500 lost 18.85 points, or 0.49 percent, to 3,810.49 and the Nasdaq Composite added 64.55 points, or 0.49 percent, to 13,183.98. (Image: Reuters)
1. Wall Street | The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high. The Dow Jones Industrial Average fell 480.04 points, or 1.53 percent, to 30,921.97, the S&P 500 lost 18.85 points, or 0.49 percent, to 3,810.49 and the Nasdaq Composite added 64.55 points, or 0.49 percent, to 13,183.98. (Image: Reuters)
 2. Asian Markes  | Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy and sent oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.8 percent, after shedding 3.7 percent last Friday. Japan’s Nikkei rallied 2.1 percent, while Chinese blue chips added 0.5 percent. NASDAQ futures bounced 1.2 percent and S&P 500 futures 0.9 percent.
2. Asian Markes | Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy and sent oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.8 percent, after shedding 3.7 percent last Friday. Japan’s Nikkei rallied 2.1 percent, while Chinese blue chips added 0.5 percent. NASDAQ futures bounced 1.2 percent and S&P 500 futures 0.9 percent.
 3. Indian market on Friday  | The Indian equity indices ended more than 3 percent lower Friday following a sharp selloff in global markets as rising bond yields spooked investors. The Sensex slumped 1,939.32 points, or 3.80 percent to close at 49,099.99, while the Nifty ended at 14,529.15, down 568.20 points, or 3.76 percent. Broader markets, smallcap and midcap indices fell over 1 percent each. All the sectoral indices ended with heavy losses over 1-4 percent.
3. Indian market on Friday | The Indian equity indices ended more than 3 percent lower Friday following a sharp selloff in global markets as rising bond yields spooked investors. The Sensex slumped 1,939.32 points, or 3.80 percent to close at 49,099.99, while the Nifty ended at 14,529.15, down 568.20 points, or 3.76 percent. Broader markets, smallcap and midcap indices fell over 1 percent each. All the sectoral indices ended with heavy losses over 1-4 percent.
 4. Crude oil  | Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose $1.07, or 1.7 percent, to $65.49 per barrel. US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8 percent, to $62.60 a barrel.
4. Crude oil | Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose $1.07, or 1.7 percent, to $65.49 per barrel. US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8 percent, to $62.60 a barrel.
 5. Rupee  | The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51. It finally ended at 73.47 against the American currency, registering a massive fall of 104 paise over its previous close the biggest single-day fall for the rupee since August 5, 2019.
5. Rupee | The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51. It finally ended at 73.47 against the American currency, registering a massive fall of 104 paise over its previous close the biggest single-day fall for the rupee since August 5, 2019.
 6. India’s Q3 GDP expands 0.4%  | After witnessing two successive quarters of negative growth, India is out of a technical recession after recording growth of 0.4 percent, showed data released by the National Statistical Office (NSO) on Friday. As per government data, India’s GDP increased 0.4 percent during the third quarter ended December 31, 2020.
6. India’s Q3 GDP expands 0.4% | After witnessing two successive quarters of negative growth, India is out of a technical recession after recording growth of 0.4 percent, showed data released by the National Statistical Office (NSO) on Friday. As per government data, India’s GDP increased 0.4 percent during the third quarter ended December 31, 2020.
 7. COVID-19 vaccination  | The COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities begins from March 1 in the second phase of inoculation. The registration for the same will be done on the Co-WIN2.0 portal from 9 am on Monday. Prime Minister Narendra Modi on Monday took his first dose of the COVID-19 vaccine at AIIMS Delhi.
7. COVID-19 vaccination | The COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities begins from March 1 in the second phase of inoculation. The registration for the same will be done on the Co-WIN2.0 portal from 9 am on Monday. Prime Minister Narendra Modi on Monday took his first dose of the COVID-19 vaccine at AIIMS Delhi.
 8. US passes $1.9 trillion pandemic bill  | The House approved a USD 1.9 trillion pandemic relief bill that was championed by President Joe Biden. That ships the bill to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues.
8. US passes $1.9 trillion pandemic bill | The House approved a USD 1.9 trillion pandemic relief bill that was championed by President Joe Biden. That ships the bill to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues.
 9. Eight core industries’ output up 0.1% in Jan  | The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertiliser, steel and electricity. The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.
9. Eight core industries’ output up 0.1% in Jan | The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertiliser, steel and electricity. The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.
 10. FPIs invest Rs 25,787 crore in Indian equities in Feb  | The net foreign portfolio investments (FPI) into the Indian equities in February was Rs 25,787 crore. The total net FPIs in 2020 now stand at Rs 45,260 crore, as per NSDL data. So far, in the financial year 2021-22, net FPIs into equities stood at Rs 2.63 lakh crore, the highest ever FPI inflow into the country.
10. FPIs invest Rs 25,787 crore in Indian equities in Feb | The net foreign portfolio investments (FPI) into the Indian equities in February was Rs 25,787 crore. The total net FPIs in 2020 now stand at Rs 45,260 crore, as per NSDL data. So far, in the financial year 2021-22, net FPIs into equities stood at Rs 2.63 lakh crore, the highest ever FPI inflow into the country.
Published : March 01, 2021 08:44 AM IST
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