10 things you need to know before the opening bell

SUMMARY

Indian shares looked set for a tepid start on Monday, following a subdued Asian market ahead of data likely to show the Chinese economy slowed at the end of last year. Investors also await British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is due to be presented to parliament later on Monday. At 07:14 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 10,954, indicating a mildly positive start for the Indian market.

By CNBC-TV18Jan 21, 2019 7:32:23 AM IST (Updated)

1. Asia: MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, after rising 1.6 percent last week. E-Mini future for the S&P 500 ESc1 were 0.1 percent lower, though trade was light with the US on holiday. Japan's Nikkei added 0.7 percent, helped by a recent pullback in the yen.

2. US: The Dow Jones Industrial Average rose 336.25 points, or 1.38 percent, to 24,706.35, the S&P 500 gained 34.75 points, or 1.32 percent, to 2,670.71 and the Nasdaq Composite added 72.77 points, or 1.03 percent, to 7,157.23.

3. Market At Close on Friday: Indian shares ended mildly higher on Friday after a day of volatile trade with both indexes surging a percent this week despite last three day's rangebound trade. The Sensex closed 12 points higher at 36,386, while the Nifty ended up 2.5 points up at 10,906.95.

4. Crude Oil: International Brent crude oil futures were at $62.30 per barrel at 0022 GMT, down 40 cents, or 0.6 percent, from their last close. US West Texas Intermediate (WTI) crude futures were down 37 cents, or 0.7 percent, at $53.43 a barrel.

5. Rupee: The rupee closed at 71.18, down by 14 paise against the dollar on Friday.

6. Dollar: The dollar held firm on the yen at 109.63, while the euro was near the floor of its recent trading range at $1.1365. Against a basket of currencies, the dollar was a shade firmer at 96.362.

7. FIIs& DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 125 crore while domestic institutional investors (DIIs) sold shares worth Rs one crore in the Indian equity market on January 18.

8. Budget 2019: Finance ministerArun Jaitleyis expected to allocate a considerable amount for the infrastructure sector in the interim budget to be presented on February 1, said sources familiar with the matter. The sector would see an increase ofaround15 percent in the budgetaryallocation, the sources told Network18, requesting anonymity.

9. Vibrant Gujarat: Over 28,000 MOUs have been inked at Vibrant Gujarat 2019, according to chief minister Vijay Rupani. "Every state has started conducting investor summits, taking a leaf out of Gujarat’s book,” said Rupani, while addressing attendees at the valedictory ceremony of the three-day-long investment summit.

10. RBI Governor Shaktikanta Das: The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said Indian banking system is on the cusp of a transformation. Speaking at the 9th Vibrant Gujarat Global Summit in Gandhinagar, Das said recent data suggests incipient signs of improvement in asset quality of banks. On the crisis in Non-Banking Finanacial Companies crisis, Das said NBFCs have been growing robustly providing an alternative source of funds to commercial sector.