10 things you need to know before the opening bell

SUMMARY

Indian stocks looked set for a mixed start on Wednesday, tracking modest gains in Asian equities, but doubts over US-China trade truce are likely to weigh on investor sentiment. At 07:21 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was slightly down by 0.02 percent at 10,691.50, indicating a mixed start for the Indian market.

By CNBC-TV18Jan 30, 2019 7:44:39 AM IST (Updated)

1. Asia: S&P 500 e-mini futures tacked on 0.1 percent in early trade while MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.05 percent. Japan's Nikkei rose 0.2 percent before erasing gains.

2. US: The Dow Jones Industrial Average climbed 0.21 percent to end at 24,579.96 points, while the S&P 500 lost 0.15 percent to 2,640, dragged down by technology and communications stocks. The Nasdaq Composite dropped 0.81 percent to 7,028.29.

3. Markets At Close On Tuesday: The benchmark BSE Sensex rebounded more than 200 points from the day's lows to settle at 35,592, down by just 64 points. The Nifty was mildly lower by 9 points to end at 10,652.

4. Crude Oil: US West Texas Intermediate (WTI) crude futures were at $53.28 per barrel at 0111 GMT, 3 cents below their last settlement. International Brent crude oil futures were 1 cent above their last close, at $61.33 per barrel.

5. Rupee: The rupee closed at 71.11, down by 1 paise against the dollar on Tuesday.

6. The euro changed hands at $1.1438, having risen to a two-week high of $1.14505 on Tuesday. The dollar was steady against the yen at 109.37 yen.

7. FIIs& DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 354 crore while domestic institutional investors (DIIs) bought shares worth Rs 81 crore in the Indian equity market on January 29.

8. Farmer Relief Package:Agricultureministry on Tuesday sent proposals for a farm relief package to Prime Minister's Office (PMO) seeking its approval after Congress president Rahul Gandhi announced aminimum income guaranteefor the poor if the party voted to power, said sources familiar with the matter.

9. RBI on Open Market Operations:The Reserve Bank of India on Tuesday said it will inject Rs 37,500 crore into the system through purchase of government securities in February to increase liquidity.

10. Import Duty On Electric Vehicles: To promote domestic assembling of electric vehicles, the government Tuesday lowered customs duty on import of parts and components of such vehicles to 10 to 15 percent. Until now, vehicle parts and components imported for assembly in India attracted import duty of 15 to 30 percent.