10 things you need to know before the opening bell on July 30

SUMMARY

The Indian market is likely to open lower on Friday following a downtrend in Asian peers. The Nifty futures were trading 77.75 points or 0.49 percent lower at the 15,734 level on the Singaporean Exchange at 7:35 am.

By CNBCTV18.comJul 30, 2021 8:11:55 AM IST (Published)

1. Wall Street: US shares bounded to record highs Thursday helped by strong company earnings and solid economic growth data. The volley of positive news boosted the Dow Jones Industrial Average to a record high before closing up 0.4 percent. The S&P 500 also jumped to an all-time high before finishing 0.4 percent higher, while the Nasdaq Composite added 0.3 percent.

2. Asian stocks:Markets in Asia-Pacific were mostly lower in early trading on Friday. Japan’s Nikkei 225 dipped 1.2 percent in early trade. South Korea’s Kospi was down 0.81 percent. The S&P/ASX 200 in Australia edged down 0.17 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.18 percent.

3. D-Street:The Indian equity benchmark indices, Sensex and Nifty, closed higher Thursday as the global share markets climbed after the US Federal Reserve signalled it was in no rush to taper stimulus. The Sensex closed 209 points higher at 52,653 and the broader Nifty50 barometer surged 69 points to settle at 15,778.

4. Crude oil: Oil prices rose Thursday, with global benchmark Brent topping $76 a barrel, as supplies in the United States tightened further after shrinking to the smallest levels since January 2020. Brent crude oil futures settled up 1.75 percent at $76.05 a barrel. US West Texas Intermediate (WTI) crude oil futures settled up 1.7 percent at $73.62 a barrel.

5. Gold: Gold on Thursday rallied by Rs 644 to Rs 47,714 per 10 gram amid a jump in international precious metal prices. Likewise, silver also jumped Rs 1,722 to Rs 66,274 per kilogram. In the international market, gold was trading with gains at USD 1,817 per ounce and silver was marginally higher at USD 25.42 per ounce.

6. Rupee: The Indian rupee strengthened by another 9 paise to end at one-month high of 74.29 against the US dollar on Thursday, tracking gains in Asian peers after dovish US Federal Reserve's comments. Meanwhile, the dollar index dipped 0.30 percent to 92.04.

7. Cryptocurrency: Bitcoin traded sideways Thursday and early Friday as the prices remained around $40k. It was last trading nearly a percent higher at $40,110. The coin has risen 23 percent in the last seven days. Ether, on the other hand, rose 7 percent in 24 hours and 18 percent in past week to trade at $2,438.

8. BPCL: The government on Thursday permitted 100 percent foreign investment under the automatic route in oil and gas PSUs, which have received in-principle approval for strategic disinvestment. The move would facilitate the privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). The government is privatising BPCL and selling its entire 52.98 percent stake in the company.