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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
Sep 2, 2018 10:29 PM

Indian shares likely will open positive on Monday amid mixed global cues. The Singapore-traded SGX Nifty traded at levels around 11,760 vs Nifty September Future's Friday close of 11,735, indicating a positive opening on Dalal Street on Monday.

Share Market Live

NSE

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

Asia: Stocks dipped on Monday on worries about further escalation of the U.S-China trade war and unstable emerging market currencies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan's Nikkei fell 0.4 percent though trade could be subdued due to a US market holiday on Monday.

US: Stocks finished mostly higher Friday. The Dow Jones Industrial Average declined 22.10 points to 25,964.82. The S&P 500 index ended flat, with a gain of less than a point to 2,901.52, while the Nasdaq Composite Index closed rose 21.17 points, or 0.3 percent at 8,109.54. For August, the Dow put on 2.2 percent, the S&P added 3 percent, and the Nasdaq climbed 5.7 percent.

Dollar: The dollar index against a basket of six currencies edged higher to 95.182 as of 0100 GMT on Monday, after rising during the past two sessions. The euro was down about 0.1 percent at $1.1595, while the yen advanced about 0.1 percent to 111.02.

Oil prices: Brent crude oil futures were at $77.59 per barrel at 0046 GMT, down 5 cents from their last close. US WTI crude futures were at $69.81 per barrel, virtually unchanged from their last settlement.

Market at close: The BSE Sensex ended lower by 45 points, or 0.12 percent, to 38,645, while the NSE Nifty 50 settled marginally up by 3.70 percent, or 0.03 percent, at 11,680.50. On a weekly basis, the market gained for sixth consecutive week, with benchmark Sensex rallying 393.27 points to close at 38645.07, while the broader Nifty rose 123.40 point to finish at 11,680.50.

Rupee: The Indian rupee opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previous close of 70.74. The rupee pared some of the losses to touch a day's high of 70.85 but slumped in late trade to close at its lifetime trading low of 71, showing a loss of 26 paise or 0.37 per cent over the previous close.

DIIs & FIIs: Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 430.43 crore during the week, as per Sebi's record including the provisional figure of August 31.

GDP: Indian economy grew at a two-year high of 8.2 percent in the April-June quarter of 2018-19 on the strong performance of manufacturing and agriculture sectors, increasing its lead over China to remain the world's fastest-growing major economy, according to the government data released on Friday.

GST: Revenue collection under the Goods and Services Tax (GST) dropped to Rs 93,960 crore in August as against Rs 96,483 crore collected in July.

Coffee output: India's coffee production is likely to drop by 20 per cent in the new marketing year starting October 2018 to around 2,53,000 tonnes because of severe floods in parts of Karnataka and Kerala, a Coffee Board official said. The country is estimated to have harvested 3,16,000 tonnes of coffee in the 2017-18 marketing year (October-September), as per the board data.

Read also: These are the stocks making the biggest moves premarket.

Also, catch all the action and updates in our Market Live blog.

First Published:Sept 3, 2018 7:29 AM IST

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