10 things you need to know before the opening bell on June 13

SUMMARY

Indian shares are likely to open little changed amid mixed sentiment in global markets, with Asian shares trading lower and oil prices hovering at a five-month low. At 7.00 AM, the SGX Nifty futures traded 11.5 points or 0.10 percent lower at 11,914, indicating a muted start for the Sensex and the Nifty 50.

By CNBC-TV18Jun 13, 2019 7:36:15 AM IST (Updated)

1. Asia: MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1 percent, slipping from a one-month high touched earlier this week, while Japan's Nikkei lost 0.3 percent.

2. Wall Street: The Dow Jones Industrial Average fell 43.68 points, or 0.17 percent, to 26,004.83, the S&P 500 lost 5.88 points, or 0.20 percent, to 2,879.84 and the Nasdaq Composite dropped 29.85 points, or 0.38 percent, to 7,792.72.

3. Markets At Close On Wednesday: Indian shares ended lower on Wednesday dragged largely by bank, pharma, IT and auto sectors. The BSE Sensex ended 193 points lower at 39,756.81, while the NSE Nifty50 shed 59 points to settle at 11,906.

4. Crude Oil: Brent crude futures were up 12 cents, or 0.2 percent, at 60.09 by 0035 GMT. They fell 3.7 percent on Wednesday to settle at $59.97 a barrel, the international benchmark's lowest close since January 28. US West Texas Intermediate crude futures were also 12 cents, or 0.2 percent, higher at $51.26. They ended 4.0 percent lower in the previous session at $51.14 a barrel, the lowest close since Jan. 14.

5. Macro Data (CPI and IIP): Retail inflation spiked to a seven-month high of 3.05 percent in May, though remaining within RBI's comfort level, as kitchen items like vegetables, meat and fish turned dearer, government data showed on Wednesday. India's industrial output grew to a six-month high of 3.4 percent in April mainly on account of improvement in mining and power generation, according to government data released on Wednesday.

6. Currency: The rupee closed 10 paise higher on Wednesday, at Rs 69.34 against the US dollar. The euro slipped to $1.1293, stepping back from 2-1/2-month highs of $1.1348 touched on Friday. The dollar was little changed 108.47 yen.

7. FIIs & DIIs: Foreign institutional investors (FIIs) sold shares worth Rs 1,050 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 271 crore on June 12.

8. Green Bond Trading Platform: BSE-owned India International Exchange on Wednesday said it has launched an exclusive platform - GSM (Global Securities Market) Green - for trading in green bonds. "On Wednesday, BSE's international arm, India International Exchange, unveiled its exclusive green listing and trading platform simultaneous with issuance and listing of $500 million green bonds of three subsidiaries of Adani Green Energy Limited," it said.

9. SEZ Bill: A bill to amend the special economic zones law will be introduced in the ensuing session of Parliament to replace an ordinance promulgated in March which will allow trusts to set up units in SEZs. The introduction of the Special Economic Zones (Amendment) Bill, 2019 was approved by the Union Cabinet in its meeting, chaired by Prime Minister Narendra Modi, on Wednesday. The bill will replace the Special Economic Zones (Amendment) Ordinance, 2019, which was promulgated in March. The ordinance had paved the way for trusts to set up units in special economic zones (SEZs).

10. RBI Monetary Policy: State Bank economists have opined that easy monetary policy will be ineffective to push the sagging growth engine and that what is needed is more direct and quicker fiscal measures. The financial system is "in need for some serious repair" and the government should use the forthcoming budget for the same.