• SENSEX
    NIFTY 50
Market

10 things you should know before the opening bell on December 3

Updated : 2019-12-03 06:58:51

Indian shares are expected to open lower on Tuesday, following the negative trend in the global markets led by US President Donald Trump bringing in tariffs against Brazil and Argentina. At 6:50 am, the SGX Nifty was trading 21 points or 0.17 percent lower at 12,070.50, indicating a lower start for the Sensex and Nifty50.

1. Asia: Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.45 percent in early trade, with Australian shares dropping nearly 2 percent, on track for their worst day in two months. Japan's Nikkei shed 1.1 percent.(Image: Reuters)
1. Asia: Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.45 percent in early trade, with Australian shares dropping nearly 2 percent, on track for their worst day in two months. Japan's Nikkei shed 1.1 percent.(Image: Reuters)
2. US: Wall Street stepped back from last week's record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines. All three major U.S. stock averages began the last month of the year in the red as investors returned from the long holiday weekend. The Dow Jones Industrial Average fell 267.35 points, or 0.95 percent, to 27,784.06, the S&P 500 lost 27 points, or 0.86 percent, to 3,113.98 and the Nasdaq Composite dropped 97.48 points, or 1.12 percent, to 8,567.99. (Image: AP)
2. US: Wall Street stepped back from last week's record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines. All three major U.S. stock averages began the last month of the year in the red as investors returned from the long holiday weekend. The Dow Jones Industrial Average fell 267.35 points, or 0.95 percent, to 27,784.06, the S&P 500 lost 27 points, or 0.86 percent, to 3,113.98 and the Nasdaq Composite dropped 97.48 points, or 1.12 percent, to 8,567.99. (Image: AP)
3. Markets At Close On Monday: Indian shares ended flat on Monday after a volatile session as gains in index heavyweights like RIL, Bharti Airtel was capped by losses in financials, IT, and auto stocks. Investors also remained cautious after the Q2 GDP growth came in at 4.5 percent, a six-year low. The Sensex ended 8 points higher at 40,802, while the Nifty50 index ended 8 points lower at 12,048. Meanwhile, foreign institutional investors sold 1,731 crore in the cash market while domestic institutional investors bought Rs 754 crore. (Image: Reuters)
3. Markets At Close On Monday: Indian shares ended flat on Monday after a volatile session as gains in index heavyweights like RIL, Bharti Airtel was capped by losses in financials, IT, and auto stocks. Investors also remained cautious after the Q2 GDP growth came in at 4.5 percent, a six-year low. The Sensex ended 8 points higher at 40,802, while the Nifty50 index ended 8 points lower at 12,048. Meanwhile, foreign institutional investors sold 1,731 crore in the cash market while domestic institutional investors bought Rs 754 crore. (Image: Reuters)
4. Crude Oil: Oil futures gained about 1 percent on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. Brent futures for the most active contract for February delivery rose 43 cents, or 0.7 percent, to $60.92 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 79 cents, or 1.4 percent, to $55.96. (Image: Reuters)
4. Crude Oil: Oil futures gained about 1 percent on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. Brent futures for the most active contract for February delivery rose 43 cents, or 0.7 percent, to $60.92 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 79 cents, or 1.4 percent, to $55.96. (Image: Reuters)
5. Rupee: The Indian rupee on Monday settled 8 paise higher at 71.66 against the US dollar amid participants hoping Reserve Bank will go for another rate cut in the ensuing RBI policy review meet this week. Forex traders said the domestic currency opened weak as investors traded cautiously after India's Q2 GDP growth dipped to an over six-yr low of 4.5 percent, but during the day, the local unit gathered strength anticipating further easing in key rates to boost the slowing economy. At the interbank foreign exchange, the rupee opened weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last closing. (Image: Reuters)
5. Rupee: The Indian rupee on Monday settled 8 paise higher at 71.66 against the US dollar amid participants hoping Reserve Bank will go for another rate cut in the ensuing RBI policy review meet this week. Forex traders said the domestic currency opened weak as investors traded cautiously after India's Q2 GDP growth dipped to an over six-yr low of 4.5 percent, but during the day, the local unit gathered strength anticipating further easing in key rates to boost the slowing economy. At the interbank foreign exchange, the rupee opened weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last closing. (Image: Reuters)
6. CRISIL On FY20 Growth Forecast: The slowdown is deeper than anticipated and will be prolonged, rating agency Crisil warned on Monday slashing its growth estimate sharply to a low 5.1 percent from 6.3 percent earlier. The agency attributed the sharp revision to various high-frequency indicators showing softness and partly blamed the same to the reforms like GST, real estate regulation, and the bankruptcy code which are still a
6. CRISIL On FY20 Growth Forecast: The slowdown is deeper than anticipated and will be prolonged, rating agency Crisil warned on Monday slashing its growth estimate sharply to a low 5.1 percent from 6.3 percent earlier. The agency attributed the sharp revision to various high-frequency indicators showing softness and partly blamed the same to the reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy while it is yet to adjust to the changes unveiled years before. The Crisil's estimate is among the lowest, but still above Japanese brokerage Nomura's 4.7 percent forecast. (Image: Reuters)
7. Dharmendra Pradhan On Steel Sector: The steel sector is witnessing growth in the recent past after a slowdown, with India becoming a net exporter in the current financial year, Union minister Dharmendra Pradhan said on Monday. During the Question Hour, he said steel is a deregulated sector where market forces and commercial considerations decide the construction and location of new steel plants.
7. Dharmendra Pradhan On Steel Sector: The steel sector is witnessing growth in the recent past after a slowdown, with India becoming a net exporter in the current financial year, Union minister Dharmendra Pradhan said on Monday. During the Question Hour, he said steel is a deregulated sector where market forces and commercial considerations decide the construction and location of new steel plants. "The import of steel has increased marginally in the last three years from 7.23 million tonnes in 2016-17 to 7.83 million tonnes in 2018-19," he said. Pradhan also said the production of iron ore in the country is sufficient to meet the current demand and consumption by the domestic industry. (Image: Reuters)
8. India's Manufacturing Sector Growth Rises: The country's manufacturing sector activity inched up in November, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said on Monday. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector. Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said. According to the survey, growth of manufacturing activity in November was supported by the launch of new products and better demand, though restrained by competitive pressures and unstable market conditions. (Image: Reuters)<br /><br />
8. India's Manufacturing Sector Growth Rises: The country's manufacturing sector activity inched up in November, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said on Monday. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector. Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said. According to the survey, growth of manufacturing activity in November was supported by the launch of new products and better demand, though restrained by competitive pressures and unstable market conditions. (Image: Reuters)

9. Anarock On Builders' Loans: Loans worth USD 14 billion (about Rs 1,000 crore) provided to real estate firms by banks, NBFCs and housing finance companies (HFCs) are under
9. Anarock On Builders' Loans: Loans worth USD 14 billion (about Rs 1,000 crore) provided to real estate firms by banks, NBFCs and housing finance companies (HFCs) are under "severe stress" and facing issues of debt servicing, according to a report. "Over 62 percent or about USD 58 billion of the total loan advances (USD 93 billion) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free," Anarock said in a statement. Another 22 percent (about USD 21 billion) is under some pressure but can potentially be resolved. The stress on this segment is largely on recovery of interest and not on the principal amount. "USD 14 billion (or merely 16 percent) of overall lending to Indian real estate is under 'severe' stress, meaning that there has been high leveraging by the concerned developers who have either limited or extremely poor visibility of debt servicing due to a combination of factors," the consultant said. (Image: Representational Purpose)
10. Analysts On Prepaid Plan Hike: Increase in prepaid plan prices by telecom operators will help them raise revenues and the companies may soon hike prices for postpaid plans as well, according to sector analysts. The analysts also said Reliance Jio's plans are expected to be cheaper as compared to its rivals even after a 40 percent hike in mobile calls and internet charges announced by the company. This is the first hike over the past five years in the country's telecom sector that is facing tariff war with voice calls becoming almost free in 2016 and steep 95 percent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014. They said the hike of up to 50 percent in prepaid plan prices by Bharti Airtel and Vodafone Idea (VIL) will help the operators increase their revenues. (Image: Reuters)
10. Analysts On Prepaid Plan Hike: Increase in prepaid plan prices by telecom operators will help them raise revenues and the companies may soon hike prices for postpaid plans as well, according to sector analysts. The analysts also said Reliance Jio's plans are expected to be cheaper as compared to its rivals even after a 40 percent hike in mobile calls and internet charges announced by the company. This is the first hike over the past five years in the country's telecom sector that is facing tariff war with voice calls becoming almost free in 2016 and steep 95 percent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014. They said the hike of up to 50 percent in prepaid plan prices by Bharti Airtel and Vodafone Idea (VIL) will help the operators increase their revenues. (Image: Reuters)
Live TV

Ask Our Experts CNBC TV18