10 things you need to know before the opening bell

SUMMARY

Indian stocks looked set for a positive start on Monday, tracking strong cues from Asia, on the back of improved sentiment following the reopening of the US government after a prolonged shutdown. At 07:03 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.23 percent at 10,819, indicating a positive start for the Indian market.

By CNBC-TV18Jan 29, 2019 7:13:08 AM IST (Updated)

1. Asia: MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.2 percent. South Korea's KOSPIedged up 0.2 percent, New Zealand stockswere up a touch, while Japan's Nikkeibucked the trends and eased 0.2 percent. Australian financial markets were shut for their 'Australia Day' holiday.

2. US: The Dow Jones Industrial Average rose 183.96 points, or 0.75 percent, to 24,737.2, the S&P 500 gained 22.43 points, or 0.85 percent, to 2,664.76 and the Nasdaq Composite added 91.40 points, or 1.29 percent, to 7,164.86.

3. Market At Close On Friday: India's largest carmaker Maruti Suzuki and Zee Entertainment Enterprises shares dragged benchmark indexes sharply on Friday with the Nifty closing below 10,800-mark. The broader NSE Nifty ended 69.25 points, or 0.64 percent, down at 10,780.55.The benchmark BSE Sensex fell 0.47 percent to 36,025.54.

4. Crude Oil:US spot crude oil futures were at $53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures were at $61.37 a barrel, down 27 cents, or 0.4 percent.

5. Rupee: The rupee closed at 71.17, down by 10 paise against the dollar on Friday.

6. Dollar: In the currency market, the pound stood tall, hovering near a three-month high of $1.3218set on Friday on the back of optimism that Britain can avoid a no-deal Brexit. The dollar was slightly lower at 109.48 yenfollowing mild losses at the end of last week.

7. FIIs& DIIs: Foreign institutional investors (FIIs) bought shares worth Rs 689 crore while domestic institutional investors (DIIs) sold shares worth Rs 147 crore in the Indian equity market on January 25.

8. Farmer's Package To Be Announced: The cabinet is likely to approve a package for farmers on Monday to boost their income and address distress in the farm sector, sources said.

9. Earning Season: Disappointing quarterly results, combined with foreign fund outflows and negative global cues, pulled the Indian equity market lower during the week ended on Friday. Index-wise, the volatile week saw the S&P BSE Sensex decline by one percent, while the NSE Nifty50 edged-lower by 1.16 percent.

Supreme Court on IBC: In a landmark judgement delivered on Friday,Supreme Court upheld the constitutional validityof the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety. The two-judge bench headed by Justice Rohinton Nariman dismissed ten petitions, including one from Sanjay Singhal of Bhushan power, challenging the code on various provisions. (Photo: IANS)