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10 things you need to know before the opening bell on November 15

10 things you need to know before the opening bell on November 15

10 things you need to know before the opening bell on November 15
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By CNBC-TV18 Nov 15, 2019 7:17:23 AM IST (Updated)

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Indian shares are likely to open higher on Friday on the back of a rally in Asian and US stocks and after wholesale inflation eased in October. Following record-high closing in US stocks, Asian shares also advanced after White House economic adviser Larry Kudlow that the US was getting close to a trade agreement with China. At 7:10 AM, the SGX Nifty futures traded 0.25 percent higher at 11,917, indicating a positive start for the Sensex and the Nifty50. Here are the key things to know before the opening bell today:

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1. Asia: Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy. The Nikkei 225 in Japan rose fractionally in early trade while the Topix index added 0.15 percent. South Korea’s Kospi, on the other hand, slipped 0.1 percent. Meanwhile, Australian stocks advanced in morning trade. The S&P/ASX 200 gained 0.36 percent as almost all the sectors traded higher. Overall, the MSCI Asia ex-Japan index traded 0.17 percent higher. (Image: AP)

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid
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2. US:  The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big-box retailer Walmart. The Dow Jones Industrial Average fell 1.63 points, or 0.01 percent, to 27,781.96, the S&P 500 gained 2.59 points, or 0.08 percent, to 3,096.63 and the Nasdaq Composite dropped 3.08 points, or 0.04 percent, to 8,479.02. (Image: Reuters)

Markets, Sensex, Nifty, India VIX
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3. Markets At Close On Thursday: Indian shares ended higher on Thursday led by financials and IT stocks. Gains in index heavyweights like ICICI Bank, HDFC Bank, Infosys, HDFC and TCS mainly lifted the indices. The Sensex ended 170 points higher at 40,286, while the broader Nifty50 index added 32 points to settle at 11,872.  Meanwhile, foreign institutional investors sold 562 crores in the cash market while domestic institutional investors bought 83 crores. (Image: Reuters)

Saudi Arabia
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4. Crude Oil: Oil prices fell on Thursday as U.S. crude futures were pressured by build-in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent. Brent futures fell 7 cents to settle at $62.30 per barrel, while West Texas Intermediate crude futures fell 35 cents, or 0.6 percent, to settle at $56.77. (Image: AP)

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5. Currency: The Indian rupee on Thursday clocked its first gain after five sessions, closing 13 paise higher at 71.96 against the US dollar in line with domestic equities. A day after plunging below the psychological 72-level in over two months, the domestic currency opened on a positive note. As forex market participants weighed a range of macroeconomic factors posing challenges, the Indian currency turned volatile traded in the range of 71.85 to 72.24 to the US dollar. It finally settled at 72.93 -- showing a gain of 15 paise over its previous close. Meanwhile, stronger US currency against its key rivals and surging crude oil prices capped the rupee's gains to some extent. (Image: Reuters)

Tomato prices
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6. October WPI Inflation Eases: India's annual rate of inflation based on wholesale prices eased to 0.16 percent in October from 0.33 percent in September, official data showed on Thursday. Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.54 percent during the corresponding period of 2018. The rate of price rise for food articles was at 9.80 percent during the month, while for non-food articles it stood at 2.35 percent, showed the data released by the ministry. (Image: Reuters)

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7. Government Extends GST Annual Return Deadline: The government has extended the deadline for filing GST annual returns for 2017-18 to December 31 and for the financial year 2018-19, to March 31 next year. The dates for filing the reconciliation statement has also been extended accordingly. The government has also decided to simplify two GST forms, GSTR-9 and GSTR -9C, to help filing of tax returns. The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was November 30, 2019, while that for 2018-19 was December 31, 2019. (Stock Image)

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8. Moody's Cuts India's GDP Growth: Moody's Investors Service on Thursday cut India's economic growth forecast for the current year to 5.6 percent from 5.8 percent estimated earlier, saying GDP slowdown is lasting longer than previously expected. "We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 percent in 2019, from 7.4 percent in 2018," it said.  It expected economic activity to pick up in 2020 and 2021 to 6.6 percent and 6.7 percent, respectively, but the pace to remain lower than in the recent past.  (Company Image)

Nitin Gadkari
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9. Nitin Gadkari On Financial Package: Even after the flurry of sops given to various industries after the budget, Union MSME Minister Nitin Gadkari on Thursday said the government will create a special financial scheme for 10 industry segments which are import-driven. Since the budget in July, which was not received well by the market and the industry, the government has come out with a slew of initiatives to revive growth, which has hit a six-year low in the June quarter. Gadkari said the government has created a scheme to support industries where imports are high by providing special financial assistance. (Getty Image)

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10. SEBI On commodity Derivatives: In order to streamline the process, markets regulator Sebi on Thursday categorized modifications in futures contract specifications pertaining to quality parameters for commodity derivatives. The decision has been taken in consultation with the exchanges, Securities and Exchange Board of India (Sebi) said in a circular. Sebi, in 2016, allowed commodity exchanges to modify futures contract specifications pertaining to quality parameters, a move aimed at ensuring that bourses are enabled to respond to market requirements quickly. In the circular, Sebi said it has decided to categorize the modifications in contract specification parameters in three categories. The first one is non-material modifications that can be made at the exchange level is yet to be launched and running contracts.

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