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10 things you need to know before the opening bell on May 19

Updated : May 19, 2021 08:07 AM IST

The Indian market may open lower on Wednesday following losses in Asian peers. At 7:40 am, the SGX Nifty was trading 88 points or 0.58 percent lower at 15,063, indicating a negative start for the broader index in India.

 1. Wall Street:  US stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot. The Dow Jones Industrial Average fell 0.78 percent, the S&P 500 lost 0.85 percent, and the Nasdaq Composite dropped 0.56 percent.
1. Wall Street: US stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot. The Dow Jones Industrial Average fell 0.78 percent, the S&P 500 lost 0.85 percent, and the Nasdaq Composite dropped 0.56 percent.
 2. Asian stocks:  Stocks in Asia-Pacific slipped in Wednesday morning trade, with some markets in the region closed for holidays. The Nikkei 225 in Japan fell 1.79 percent in early trade. Australia’s S&P/ASX 200 also declined 0.65 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13 percent lower. Markets in Hong Kong and South Korea are closed on Wednesday for holidays.
2. Asian stocks: Stocks in Asia-Pacific slipped in Wednesday morning trade, with some markets in the region closed for holidays. The Nikkei 225 in Japan fell 1.79 percent in early trade. Australia’s S&P/ASX 200 also declined 0.65 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13 percent lower. Markets in Hong Kong and South Korea are closed on Wednesday for holidays.
 3. D-Street:  Indian indices ended higher for the second session on Tuesday boosted by auto stocks and financials, as the daily rise in domestic COVID cases stayed below the 300,000-mark for a second straight day. The Sensex ended 612 points higher at 50,193 while the Nifty rose 185 points to settle at 15,108.
3. D-Street: Indian indices ended higher for the second session on Tuesday boosted by auto stocks and financials, as the daily rise in domestic COVID cases stayed below the 300,000-mark for a second straight day. The Sensex ended 612 points higher at 50,193 while the Nifty rose 185 points to settle at 15,108.
 4. Crude oil:  Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country's nuclear weapons development, which would boost crude supply. After falling more than $2 a barrel, Brent crude settled down 1.1 percent at $68.71 a barrel by 1719 GMT. US WTI crude settled down 1.2 percent to $65.49.
4. Crude oil: Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country's nuclear weapons development, which would boost crude supply. After falling more than $2 a barrel, Brent crude settled down 1.1 percent at $68.71 a barrel by 1719 GMT. US WTI crude settled down 1.2 percent to $65.49.
 5. Rupee:  The rupee rose by 17 paise to close at a seven-week high of 73.05 against the US dollar on Tuesday, extending its gaining streak to the third straight session on positive domestic equities and weakening of the American currency in the overseas markets. At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.95 and a low of 73.18 during the session.
5. Rupee: The rupee rose by 17 paise to close at a seven-week high of 73.05 against the US dollar on Tuesday, extending its gaining streak to the third straight session on positive domestic equities and weakening of the American currency in the overseas markets. At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.95 and a low of 73.18 during the session.
 6. Gold:  Gold in the national capital on Tuesday rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal. Silver also witnessed increased demand as it jumped Rs 2,021 to Rs 73,122 per kilogram from Rs 71,101 per kilogram in the previous trade. In the international market, Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar.
6. Gold: Gold in the national capital on Tuesday rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal. Silver also witnessed increased demand as it jumped Rs 2,021 to Rs 73,122 per kilogram from Rs 71,101 per kilogram in the previous trade. In the international market, Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar.
 7. Bitcoin:  Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading - but few of the investors fuelling their rise seem bothered.
7. Bitcoin: Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading - but few of the investors fuelling their rise seem bothered.
 8. Nifty Midcap:  The Nifty Midcap100 index hit an all-time high. It had crossed the 25,000-level in the previous session supported by the rally in the overall market. The Indian equity market rallied over 1 percent Tuesday lifted by improved investor risk appetite. The spirited performance reflects a broad-based rally that led to a surge in midcap and smallcap indices.  Read more
8. Nifty Midcap: The Nifty Midcap100 index hit an all-time high. It had crossed the 25,000-level in the previous session supported by the rally in the overall market. The Indian equity market rallied over 1 percent Tuesday lifted by improved investor risk appetite. The spirited performance reflects a broad-based rally that led to a surge in midcap and smallcap indices. Read more
 9. FIIs:  Foreign institutional investors (FIIs) cut weights in banks, materials, NBFCs and healthcare to push up their positioning in IT, staples, energy and discretionary in April 2021, according to CLSA. FIIs turned net sellers in April, selling equities worth $1.3 billion, after six consecutive months of strong inflows. They have sold shares worth another $0.9 billion in the first half of May 2021.  Read more
9. FIIs: Foreign institutional investors (FIIs) cut weights in banks, materials, NBFCs and healthcare to push up their positioning in IT, staples, energy and discretionary in April 2021, according to CLSA. FIIs turned net sellers in April, selling equities worth $1.3 billion, after six consecutive months of strong inflows. They have sold shares worth another $0.9 billion in the first half of May 2021. Read more
 10. Economy:  India’s economy will do well once vaccination reaches a critical mass as pent-up demand, global recovery and easy financial conditions will boost activities, RBI’s Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday.  Read more
10. Economy: India’s economy will do well once vaccination reaches a critical mass as pent-up demand, global recovery and easy financial conditions will boost activities, RBI’s Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday. Read more
Published : May 19, 2021 08:07 AM IST
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