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10 things to know before the opening bell on November 20

Updated : 2019-11-20 07:26:11

Indian shares are expected to open little changed on Wednesday amid muted sentiment in the global markets. At 7:18 AM, the SGX Nifty futures were trading 25.50 points or 0.21 percent lower at 11,953, indicating a tepid start for the Sensex and Nifty. We bring to you 10 vital things to know which could move the market today.

1. Asia: Asian shares lumbered lower on Wednesday as the Sino-US trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks. Action in share markets was subdued with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.25 percent. Japan's Nikkei eased 0.2 percent and South Korea 0.4 percent. E-Mini futures for the S&P 500 lost 0.1 percent. (Image: Reuters)
1. Asia: Asian shares lumbered lower on Wednesday as the Sino-US trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks. Action in share markets was subdued with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.25 percent. Japan's Nikkei eased 0.2 percent and South Korea 0.4 percent. E-Mini futures for the S&P 500 lost 0.1 percent. (Image: Reuters)
2. US:  The US benchmark S&P 500 index was little changed, the blue-chip Dow Jones Industrial Average fell and the Nasdaq rose, all having hit record intraday highs earlier in the session. The Dow Jones Industrial Average fell 102.2 points, or 0.36 percent, to 27,934.02, the S&P 500 lost 1.85 points, or 0.06 percent, to 3,120.18 and the Nasdaq Composite added 20.72 points, or 0.24 percent, to 8,570.66. (Image: AP)
2. US:  The US benchmark S&P 500 index was little changed, the blue-chip Dow Jones Industrial Average fell and the Nasdaq rose, all having hit record intraday highs earlier in the session. The Dow Jones Industrial Average fell 102.2 points, or 0.36 percent, to 27,934.02, the S&P 500 lost 1.85 points, or 0.06 percent, to 3,120.18 and the Nasdaq Composite added 20.72 points, or 0.24 percent, to 8,570.66. (Image: AP)
3. Markets At Close On Tuesday: Indian shares ended Tuesday’s trade near day’s high with the benchmark BSE Sensex settling 186 points higher, while the Nifty ended above the 11,900-mark. Among sectoral gauges, banks, pharma, PSU Bank and private bank advanced while metal, media, FMCG and auto indices declined. The BSE Sensex settled Tuesday's trade 185 points higher, or 0.46 percent at 40,469. The NSE Nifty50 also rose over 55 points, or 0.47 percent to trade at 11,940. Meanwhile, foreign institutional investors sold Rs 915 crore in the cash market and the domestic institutional investors bought Rs 262 crore. (Image: Reuters)
3. Markets At Close On Tuesday: Indian shares ended Tuesday’s trade near day’s high with the benchmark BSE Sensex settling 186 points higher, while the Nifty ended above the 11,900-mark. Among sectoral gauges, banks, pharma, PSU Bank and private bank advanced while metal, media, FMCG and auto indices declined. The BSE Sensex settled Tuesday's trade 185 points higher, or 0.46 percent at 40,469. The NSE Nifty50 also rose over 55 points, or 0.47 percent to trade at 11,940. Meanwhile, foreign institutional investors sold Rs 915 crore in the cash market and the domestic institutional investors bought Rs 262 crore. (Image: Reuters)
4. Rupee Close: The rupee recovered from initial losses to settle higher by 13 paise at 71.71 against the US currency on Tuesday, propped up softening crude oil prices and gains in domestic equity markets. During the day, the domestic unit fluctuated between a high of 71.68 and a low of 72.
4. Rupee Close: The rupee recovered from initial losses to settle higher by 13 paise at 71.71 against the US currency on Tuesday, propped up softening crude oil prices and gains in domestic equity markets. During the day, the domestic unit fluctuated between a high of 71.68 and a low of 72. "The Indian rupee opened lower at 71.97 a dollar, tacking cues from most Asian currencies as a lack of progress in US-China trade talks had an impact on risk appetite. However, the rupee recovered from day's low amid stronger domestic equity and lower crude oil prices," said V K Sharma, Head - PCG & Capital Market Strategy, HDFC securities. (Image: Reuters)
5. Crude Oil: Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand. Brent crude futures fell $1.53, or 2.5 percent to settle at $60.91 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost $1.84, or 3.2 percent, to settle at $55.21 a barrel. Brent has rallied about 15 percent this year, supported by a pact by Opec and its allies, including Russia to cut combined oil output by 1.2 million barrels per day from January 1. (Image: Reuters)
5. Crude Oil: Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand. Brent crude futures fell $1.53, or 2.5 percent to settle at $60.91 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost $1.84, or 3.2 percent, to settle at $55.21 a barrel. Brent has rallied about 15 percent this year, supported by a pact by Opec and its allies, including Russia to cut combined oil output by 1.2 million barrels per day from January 1. (Image: Reuters)
6. Housing Sales Of Listed Players Rise: Housing sales of nine major real estate companies, which are listed on stock exchanges, increased marginally 2 percent to Rs 5,520 crore during the second quarter of 2019-20, according to a research report. The sales booking data for July-September of nine companies -- DLF, Godrej Properties, Mahindra Lifespace, Oberoi Realty, Prestige, Sobha, Puravankara, Brigade, and Kolte-Patil -- has been compiled by property consultant Anarock. On a quarterly basis, their housing sales value increased 5 percent from Rs 5,250 crore in the first quarter of 2019-20 to nearly Rs 5,520 crore in the second quarter. (Stock Image)
6. Housing Sales Of Listed Players Rise: Housing sales of nine major real estate companies, which are listed on stock exchanges, increased marginally 2 percent to Rs 5,520 crore during the second quarter of 2019-20, according to a research report. The sales booking data for July-September of nine companies -- DLF, Godrej Properties, Mahindra Lifespace, Oberoi Realty, Prestige, Sobha, Puravankara, Brigade, and Kolte-Patil -- has been compiled by property consultant Anarock. On a quarterly basis, their housing sales value increased 5 percent from Rs 5,250 crore in the first quarter of 2019-20 to nearly Rs 5,520 crore in the second quarter. (Stock Image)
7. Government On Fiscal Deficit Target: The government on Tuesday categorically stated that it does not intend to revise its fiscal deficit target of 3.3 percent of gross domestic product (GDP) for the current financial year notwithstanding the slowdown in economic activities. Minister of State for Finance Anurag Thakur said expenditure of various ministries and departments of the government is as per the estimates approved by Parliament. In the first half of the financial year, 53.4 percent of Budget Estimates was spent by various ministries and departments. (Image: Representational Purpose)
7. Government On Fiscal Deficit Target: The government on Tuesday categorically stated that it does not intend to revise its fiscal deficit target of 3.3 percent of gross domestic product (GDP) for the current financial year notwithstanding the slowdown in economic activities. Minister of State for Finance Anurag Thakur said expenditure of various ministries and departments of the government is as per the estimates approved by Parliament. In the first half of the financial year, 53.4 percent of Budget Estimates was spent by various ministries and departments. (Image: Representational Purpose)
8. RBI Unions On Deposit Insurance: The Reserve Bank employee unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh. The demand for increasing bank deposit insurance cover, which was last revised in May 1993, has come to the fore after the ongoing crisis at Punjab & Maharashtra Cooperative Bank. (Image: Reuters)
8. RBI Unions On Deposit Insurance: The Reserve Bank employee unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh. The demand for increasing bank deposit insurance cover, which was last revised in May 1993, has come to the fore after the ongoing crisis at Punjab & Maharashtra Cooperative Bank. (Image: Reuters)
9. TRAI To Wait For Revised Pricing; The telecom regulator will wait for operators to report their new tariffs to the authority before taking a view on whether the revised pricing is within the regulatory framework, PTI reported, citing a Trai source. A senior Trai official told PTI that the regulator will wait and watch to see the finer details of the announcement.
9. TRAI To Wait For Revised Pricing; The telecom regulator will wait for operators to report their new tariffs to the authority before taking a view on whether the revised pricing is within the regulatory framework, PTI reported, citing a Trai source. A senior Trai official told PTI that the regulator will wait and watch to see the finer details of the announcement. "Let them report the tariffs, and we will see. Also, the tariffs are under forbearance," the official said. Another official said that as things stand now there is no move to initiate any consultation on floor price.  (Image: Reuters)
10. SEBI On Margins Collections: Markets regulator Sebi on Tuesday said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment. The watchdog has issued a circular on 'Collection and reporting of margins by Trading Member (TM) /Clearing Member (CM) in Cash Segment' and certain provisions would come into force from January 1, 2020, and the rest from April 1, 2020. TMs and CMs would have time till 'T+2' (trading day plus two) working days to collect margins from their clients. The requirement would not be applicable for VaR (Value at Risk) margin and ELM (Extreme Loss Margin). Clients must ensure that the VaR margins and ELM are paid in advance of trade and other margins are paid as soon as margin calls are made by the stock exchanges, TMs or CMs. (Image: Reuters)<br /><br />
10. SEBI On Margins Collections: Markets regulator Sebi on Tuesday said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment. The watchdog has issued a circular on 'Collection and reporting of margins by Trading Member (TM) /Clearing Member (CM) in Cash Segment' and certain provisions would come into force from January 1, 2020, and the rest from April 1, 2020. TMs and CMs would have time till 'T+2' (trading day plus two) working days to collect margins from their clients. The requirement would not be applicable for VaR (Value at Risk) margin and ELM (Extreme Loss Margin). Clients must ensure that the VaR margins and ELM are paid in advance of trade and other margins are paid as soon as margin calls are made by the stock exchanges, TMs or CMs. (Image: Reuters)

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