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10 things you need to know before the opening bell
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10 things you need to know before the opening bell
Oct 28, 2018 11:38 PM

Indian shares were set to bounce back on Monday after hitting seven-month low in the previous session, but investor sentiment will likely remain fragile on concerns surrounding global growth and corporate earnings.

Share Market Live

NSE

At 07.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.84 percent to 10,131.50, indicating a moderate start for the Indian market today.

Here is what you need to know before the market opens:

Asia: E-Mini futures for the S&P 500 and Dow minis jumped 0.4 percent each in early Asian trade while Nikkei futures were also in the black. New Zealand shares opened lower while Australian shares rose 0.7 percent. That left MSCI’s broadest index of Asia-Pacific shares outside Japan 0.2 percent higher after sliding almost 4 percent last week.

US: S&P 500 e-mini futures were 0.09 percent lower by 6:11 p.m. after the open of weekly trading. Nasdaq 100 Index e-mini futures were higher by 0.05 percent. The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks.

Crude Oil Prices: Front-month Brent crude oil futures were at $77.77 a barrel at 0033 GMT, up 15 cents, or 0.2 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $67.89 a barrel, up 30 cents, or 0.4 percent, from their last settlement.

Market At Close On Friday: Indian market closed at a seven-month low on Friday, dragged by IT and banking stocks, tracking a sharp equity sell-off in global markets. The Nifty ended 0.94 percent lower at 10,030, while the Sensex closed down 1.01 percent at 33,349.31. Both the bourses posted their seventh weekly loss in eight. The NSE index finished the week 2.7 percent lower, while the BSE index was down 2.8 percent on the week.

Rupee: The Indian rupee closed lower by 18 paise to 73.45 against the US dollar on Friday.

Dollar: The dollar index was a tad firmer at 96.407 after gaining 0.7 percent last week. The safe-haven Japanese yen has benefited from the global sell-off in riskier assets as investors unwound carry trade exposures. It gained 0.6 percent last week and was last flat at 111.89 per dollar.

FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 1,357 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,876 crore in the Indian equity market on October 26.

No Aadhaar For Telecom eKYC: The government on Friday ordered telecom companies to stop using Aadhaar for electronic verification of existing mobile phone customers as well as for issuing new connections to comply with a recent Supreme Court order.

Arun Jaitley attacks Congress: Finance Minister Arun Jaitley on Saturday said the personal ambitions of the Congress leadership had led to the "degeneration of its ideology" and that its dynastic tendencies would have turned India into a kingdom rather than even a dynastic democracy had it not been for the BJP.

Gemalto Report: Digital security firm Gemalto on Thursday withdrew its report which claimed that data breach incidences in India were the second highest globally on account of compromise in the Aadhaar database.

(With inputs from agencies)

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