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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 8, 2018 10:28 PM

Indian shares are likely to open little changed on Tuesday after closing higher in the previous session amid muted global global cues.

Share Market Live

NSE

At 07.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, eased 0.08 percent to 10,375, indicating a weaker opening for the markets today.

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

Asia: MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.15 percent after ending Monday at its lowest point since May last year. Japan's Nikkei fell 1.1 percent as it resumed from a one-day holiday, hurt in part by a rise in the safe-harbour yen.

US: On Wall Street, the tech-heavy Nasdaq fell for the third straight day and growth stocks were pressured by worries rising bond yields might ultimately hobble the economy. The S&P 500 lost 0.04 percent and the Nasdaq Composite 0.67 percent, while the Dow rose 0.15 percent as defensive stocks found buyers.

Crude oil prices:Brent crude was down 7 cents at $83.84 a barrel by 0020 GMT. On Monday, Brent fell to a low of $82.66, but mostly recovered as investors bet China's economic stimulus would boost crude demand. Brent hit a four-year high of $86.74 last week.

Market at close on Monday: Indian shares reversed three sessions of losses to end higher on Monday, after swinging between gains and losses through the day. The BSE Sensex ended gaining more than 97 points or 0.28 percent at 34,474, while the NSE Nifty 50 also settled higher at 10,348 up by 31.55 points or 0.31 percent after a day of high volatility.

Rupee: The Indian rupee closed at 74.06 against the US dollar on Monday, down 29 paise from its previous close of 73.77. On Friday, the currency hit an all-time low of 74.08 after the Reserve Bank of India surprised the markets by keeping repo rate unchanged at 6.50 percent. 73.77

Dollar: The dollar, against a basket of currencies firmed to 95.757, from a low of 93.814 just a couple of weeks ago. The dollar had less luck on the safe-haven yen pulling back to 113.09 from a 114.54 peak last week. The euro was undermined by political troubles in Italy and lapsed to $1.1491, well off September's $1.1815 top.

FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 1,805 crore while domestic institutional investors bought shares worth Rs 1,974 crore in the Indian equity market on Monday.

RBI plea on banks not passing low interest rates: The Supreme Court (SC) on Monday directed Reserve Bank of India (RBI) to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates.

Parliamentary Panel on Ayushman Bharat: A parliamentary panel will examine the implementation of the Narendra Modi-led government's flagship healthcare scheme Ayushman Bharat and may call top Health Ministry officials to brief its members on the programme. Since its roll-out, over 50,000 poor people have availed benefits of the scheme.

ITR deadline extends: The government on Monday extended the deadline till October 31 for filing Income Tax return (ITR) and audit report for financial year 2017-18. This is the second extension granted by the Central Board of Direct Taxes (CBDT) for return filing by those assessees whose books of accounts have to be audited.

(With inputs from agencies)

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