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10 things you need to know before the opening bell on November 18

Updated : 2019-11-18 07:30:08

Indian shares are likely to open little changed on Monday. At 7:12 AM, the SGX Nifty Futures traded 0.07 percent lower at 11,936, indicating a flat start for the Sensex and the Nifty50. We bring to you 10 vital things that will drive Indian equities today.

Global Markets: Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the US-China trade dispute, though sentiment found support from another record close on Wall Street, reported Reuters. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.06 percent in very light volumes. Japan's Nikkei added 0.05 percent, but remained short of its recent 13-month top. E-Mini futures for the S&P 500 eased 0.1 percent, though that was from historic highs. (Image: Reuters)
Global Markets: Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the US-China trade dispute, though sentiment found support from another record close on Wall Street, reported Reuters. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.06 percent in very light volumes. Japan's Nikkei added 0.05 percent, but remained short of its recent 13-month top. E-Mini futures for the S&P 500 eased 0.1 percent, though that was from historic highs. (Image: Reuters)
Commodities: Oil prices were supported after Brent touched a seven-week high on Friday. In early trade, Brent crude futures firmed 2 cents to $63.32, while US crude added 3 cents to $57.75 a barrel. Meanwhile, spot gold was flat at $1,468.45 per ounce as it tracks every passing twitch in risk appetite. (Image: Reuters)
Commodities: Oil prices were supported after Brent touched a seven-week high on Friday. In early trade, Brent crude futures firmed 2 cents to $63.32, while US crude added 3 cents to $57.75 a barrel. Meanwhile, spot gold was flat at $1,468.45 per ounce as it tracks every passing twitch in risk appetite. (Image: Reuters)
Markets on Friday: The Sensex ended 70 points higher at 40,357, while the broader Nifty50 index added 23 points to settle at 11,895. The Nifty Midcap rose 0.3 percent, while the Nifty Smallcap index fell 0.2 percent. For the week, the benchmark indices were flat with the Sensex up 0.1 percent, while the Nifty down 0.1 percent. The rupee appreciated by 18 paise to close at 71.78 against the American currency on Friday, extending gains for a second day on the back of easing crude oil prices and positive trends in equity markets. (Stock Image)
Markets on Friday: The Sensex ended 70 points higher at 40,357, while the broader Nifty50 index added 23 points to settle at 11,895. The Nifty Midcap rose 0.3 percent, while the Nifty Smallcap index fell 0.2 percent. For the week, the benchmark indices were flat with the Sensex up 0.1 percent, while the Nifty down 0.1 percent. The rupee appreciated by 18 paise to close at 71.78 against the American currency on Friday, extending gains for a second day on the back of easing crude oil prices and positive trends in equity markets. (Stock Image)
India trade data: India’s exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather. Imports too declined by 16.31 percent to $37.39 billion, narrowing trade deficit to $11 billion in October, according to official data released on Friday. Oil imports in October 2019 fell 31.74 percent to $9.63 billion as compared to the same month last year. Exports during April - October this fiscal dipped by 2.21 percent to $185.95 billion, while imports were down by 8.37 percent to $280.67 billion, leaving a trade deficit of $94.72 billion. (Image: Reuters)
India trade data: India’s exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather. Imports too declined by 16.31 percent to $37.39 billion, narrowing trade deficit to $11 billion in October, according to official data released on Friday. Oil imports in October 2019 fell 31.74 percent to $9.63 billion as compared to the same month last year. Exports during April - October this fiscal dipped by 2.21 percent to $185.95 billion, while imports were down by 8.37 percent to $280.67 billion, leaving a trade deficit of $94.72 billion. (Image: Reuters)
FPI Inflows: FPIs pumped in a net sum of Rs 19,203 crore into the domestic capital markets in the first half of November amid encouraging domestic and global factors. According to the latest depositories data, FPIs infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore. Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt). (Stock Image)
FPI Inflows: FPIs pumped in a net sum of Rs 19,203 crore into the domestic capital markets in the first half of November amid encouraging domestic and global factors. According to the latest depositories data, FPIs infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore. Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt). (Stock Image)
US-China trade talks: China and United States had
US-China trade talks: China and United States had "constructive talks" on trade in a high-level phone call on Saturday, state media Xinhua said. China's Vice Premier Liu He, U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were on the call. The two sides discussed each other's core issues for the first phase of an initial trade agreement and agreed to maintain close communication, according to Xinhua. (Image: Reuters)
Labour reform: To safeguard the interest of workers in formal sector, particularly working-class, the Centre is planning to introduce ‘One Nation, One Pay Day' system, Labour Minister Santosh Gangwar said on Friday.
Labour reform: To safeguard the interest of workers in formal sector, particularly working-class, the Centre is planning to introduce ‘One Nation, One Pay Day' system, Labour Minister Santosh Gangwar said on Friday. "There should be a pan-India single wage day every month across various sectors to ensure that workers get timely payment of salaries,” he said. (Image: AP)
FM statements on telecom and insurance PSU merger: Finance Minister Nirmala Sitharaman has said the government would be moving forward on the merger of the three state-run general insurance companies as announced in the previous Budget. Sitharaman also said that the government intends to address the concerns of the crisis-ridden telecom companies which are facing billions of dollars of fresh statutory liability following a recent Supreme Court ruling.
FM statements on telecom and insurance PSU merger: Finance Minister Nirmala Sitharaman has said the government would be moving forward on the merger of the three state-run general insurance companies as announced in the previous Budget. Sitharaman also said that the government intends to address the concerns of the crisis-ridden telecom companies which are facing billions of dollars of fresh statutory liability following a recent Supreme Court ruling. "I want no company to shut operations. I want everyone to be up and running. We want the economy to have good number of companies in business and flourish in their business. (Image: PTI)
GST: The government is set to crack the whip on goods and services tax (GST) non-filers with plans afoot to cancel the registration of repeat offenders. Amid lower-than-expected GST collection in the past few months of the current fiscal, the Central Board of Indirect Taxes and Customs (CBIC) has directed zonal offices to go tough on non-filers. Accordingly, the Mumbai office of the Principal Chief Commissioner of GST and Central Excise has issued directives to field officers for ensuring strict compliance. (Stock Image)
GST: The government is set to crack the whip on goods and services tax (GST) non-filers with plans afoot to cancel the registration of repeat offenders. Amid lower-than-expected GST collection in the past few months of the current fiscal, the Central Board of Indirect Taxes and Customs (CBIC) has directed zonal offices to go tough on non-filers. Accordingly, the Mumbai office of the Principal Chief Commissioner of GST and Central Excise has issued directives to field officers for ensuring strict compliance. (Stock Image)
New framework for SIFIs: The government put in place a framework for dealing with systemically important financial service providers, excluding banks, under the insolvency law wherein sectoral regulators can seek resolution of stressed entities. Section 227 of the Code enables the central government to notify, in consultation with the financial sector regulators, FSPs or categories of FSPs for the purpose of insolvency and liquidation proceedings. (Image: IANS)
New framework for SIFIs: The government put in place a framework for dealing with systemically important financial service providers, excluding banks, under the insolvency law wherein sectoral regulators can seek resolution of stressed entities. Section 227 of the Code enables the central government to notify, in consultation with the financial sector regulators, FSPs or categories of FSPs for the purpose of insolvency and liquidation proceedings. (Image: IANS)
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