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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
Aug 22, 2018 10:32 PM

Indian equity indices, the BSE Sensex and the NSE Nifty 50, are likely to start positive on Thursday. The Singapore-traded SGX Nifty traded at levels around 11,640 Vs Nifty Future's Tuesday close of 11,586, indicating a gap-up opening for Indian market.

Share Market Live

NSE

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

Asia: Shares started cautiously on Thursday as a deadline loomed for fresh US tariffs on China and amid speculation US President Donald Trump’s political position could be threatened by the legal woes of two former advisers. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent. Japan's Nikkei and South Korea's Kospi index each climbed 0.2 percent.

US: Wall Street was mixed even as the S&P 500 marked its longest bull-market run in history. The S&P 500 closed largely unchanged at 2,861.82. The Nasdaq Composite rose 0.4 percent to close at 7.889.10. The Dow Jones Industrial Average slipped 89 points, however, closing at 25,733.60.

Dollar index: The US dollar broadly rose against the euro and other currencies on Thursday after minutes of the Federal Reserve’s latest policy meeting suggested the US central bank is on course to further raise interest rates.The euro was down 0.2 percent at $1.1576, while the Japanese yen fell 0.2 percent to 110.74 against the dollar at 0040 GMT. The dollar index, which weighs the greenback against a basket of six other currencies, was 0.16 percent higher at 95.296.

Crude oil: Brent crude, the international benchmark, eased 4 cents to $74.74. US crude gained 12 cents to $67.98.

Market at close: The BSE Sensex ended at 38,285.75 on Tuesday, marginally up by 7 points, or 0.02 percent, while the NSE Nifty 50 settled at 11,570.90, higher by 19.15 points, or 0.17 percent.

Rupee: The Indian rupee ended at 69.81 against the dollar against Monday's close of 69.82.

FII & DII data: Foreign institutional investors (FIIs) bought shares worth Rs 254.25 crore and domestic institutional investors Rs 197.87 crore in the Indian equity market on Tuesday, as per provisional data available on the NSE.

US-China trade talks: US and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of US tariffs due on Thursday.

US vs Iran: Tehran warned on Wednesday it would hit US and Israeli targets if it were attacked by the United States after president Donald Trump’s security adviser said Washington would exert maximum pressure on Tehran going beyond economic sanctions.

Kerala floods: Banks in Kerala have decided to reschedule loans and to not levy service charges and fees for issuing new cheque books to customers affected by the floods that has left a trail of destruction. The state Level Bankers Committee, Kerala, at its emergency meet yesterday also decided to announce a moratorium on education loan for a period of six months and all other loans for one year besides rescheduling the loan repayments for five years.

First Published:Aug 23, 2018 7:32 AM IST

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