10 things you need to know before the opening bell on June 29

SUMMARY

The Indian market is likely to open flat-to-negative on Tuesday amid weakness in Asian peers. At 7:00 am, the SGX Nifty was trading 7.85 points or 0.05 percent lower at 15,853, indicating a flat start for the broader index in India.

By CNBCTV18.comJun 29, 2021 8:04:33 AM IST (Published)

1. Wall Street: Most US stocks edged lower on Monday, but strength for several big tech companies nudged indexes a bit further into record heights. The S&P 500 finished 0.2 percent higher after bouncing between small gains and losses through the morning. The Dow Jones Industrial Average fell 0.4 percent and Nasdaq rose 1 percent.

2. Asian stocks: Shares in Asia-Pacific fell in Tuesday morning trade despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. The Nikkei 225 fell 1.03 percent. South Korea’s Kospi also declined 0.17 percent. In Australia, the S&P/ASX 200 dipped 0.31 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.06 percent lower.

3. D-Street: Indian indices ended lower on Monday weighed by financial, IT and energy stocks. However, metal and pharma stocks surged capping some losses. The Sensex ended 189 points lower at 52,735 and the Nifty fell 45 points to settle at 15,814.

4. Oil: Oil prices slipped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world. US West Texas Intermediate (WTI) crude futures fell 0.2 percent to $72.77 a barrel at 0045 GMT, extending a 1.5 percent loss on Monday. Brent crude futures dipped 0.1 percent to $74.58 a barrel, after sliding 2 percent on Monday.

5. Rupee: The rupee inched up 1 paisa to settle at 74.19 against the US dollar on Monday amid firm crude oil prices and a lacklustre trend in domestic equities. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 91.76.

6. Gold: Gold on Monday gained Rs 116 to Rs 46,337 per 10 gram reflecting strong global trends. Silver also jumped Rs 161 to Rs 67,015 per kilogram from Rs 66,854 per kilogram in the previous trade. In the international market, gold was trading with gains at USD 1,782 per ounce and silver was flat at USD 26.13 per ounce.

7. Bitcoin: Bitcoin on Monday shrugged off a move by Britain's financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector. Early on Tuesday, Bitcoin was trading 4 percent higher at $34,000.

8. Relief Measures: Finance minister Nirmala Sitharaman on Monday announced eight economic relief measures to boost the economy which has been hit by the second wave of COVID infections, dubbed as the world's worst surge.