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10 things you need to know before the opening bell on June 16 – CNBCTV18

Market

Updated : June 16, 2021 08:12 AM IST

The Indian market may open on a subdued note on Wednesday amid mixed global cues as investors await the US Federal Reserve’s interest rate decision. Meanwhile, the SGX Nifty was trading 33 points or 0.21 percent lower at 15,837.20, at 7:53 am.

1. Wall Street: Stocks eased back below their record heights Tuesday as investors waited to hear whether the mixed bag of data coming in about the economy will push the Federal Reserve to let up on its massive support for markets. The S&P 500 edged 0.2 percent lower. The Dow Jones Industrial Average fell 0.3 percent, and the Nasdaq fell 0.7 percent.

1. Wall Street: Stocks eased back below their record heights Tuesday as investors waited to hear whether the mixed bag of data coming in about the economy will push the Federal Reserve to let up on its massive support for markets. The S&P 500 edged 0.2 percent lower. The Dow Jones Industrial Average fell 0.3 percent, and the Nasdaq fell 0.7 percent.

2. Asian stocks:  Shares in Asia-Pacific struggled for direction in Wednesday morning trade as investors looked ahead to data releases in China as well as the US Federal Reserve’s interest rate decision. In Japan, the Nikkei 225 slipped 0.27 percent and the Topix index gained 0.17 percent. Elsewhere, mainland Chinese stocks slipped in early trade. Hong Kong’s Hang Seng index fell 0.27 percent. South Korea’s Kospi edged 0.5 percent higher. Australian stocks advanced as the S&P/ASX 200 gained 0.3 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13 percent lower.

2. Asian stocks: Shares in Asia-Pacific struggled for direction in Wednesday morning trade as investors looked ahead to data releases in China as well as the US Federal Reserve’s interest rate decision. In Japan, the Nikkei 225 slipped 0.27 percent and the Topix index gained 0.17 percent. Elsewhere, mainland Chinese stocks slipped in early trade. Hong Kong’s Hang Seng index fell 0.27 percent. South Korea’s Kospi edged 0.5 percent higher. Australian stocks advanced as the S&P/ASX 200 gained 0.3 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13 percent lower.

3. D-Street:  Indian shares rose to all-time highs on Tuesday led by gains in financials and FMCG stocks. The Sensex ended 221 points higher at its new closing high of 52,773 and the Nifty rose 57 points to settle at its fresh closing high of 15,869.

3. D-Street: Indian shares rose to all-time highs on Tuesday led by gains in financials and FMCG stocks. The Sensex ended 221 points higher at its new closing high of 52,773 and the Nifty rose 57 points to settle at its fresh closing high of 15,869.

4. Oil: Oil prices saw their highest levels since 2019 on Tuesday on the expected surge in demand. Brent crude was up 1.78 percent at $74.16 a barrel. US crude was last up 1.99 percent at $72.29 per barrel.

4. Oil: Oil prices saw their highest levels since 2019 on Tuesday on the expected surge in demand. Brent crude was up 1.78 percent at $74.16 a barrel. US crude was last up 1.99 percent at $72.29 per barrel.

5. Gold: Gold on Tuesday rose Rs 303 to Rs 47,853 per 10 grams reflecting overnight recovery in the global precious metal prices. Silver also gained Rs 134 to Rs 70,261 per kg, from Rs 70,127 per kg in the previous trade. In the international market, both gold and silver were trading flat at USD 1,864.50 per ounce and USD 27.65 per ounce, respectively.

5. Gold: Gold on Tuesday rose Rs 303 to Rs 47,853 per 10 grams reflecting overnight recovery in the global precious metal prices. Silver also gained Rs 134 to Rs 70,261 per kg, from Rs 70,127 per kg in the previous trade. In the international market, both gold and silver were trading flat at USD 1,864.50 per ounce and USD 27.65 per ounce, respectively.

6. Rupee: Falling for the sixth day in a row, the rupee closed lower by 2 paise at 73.31 against the US currency on Tuesday amid rising crude oil prices and dollar demand from oil importers. At the interbank foreign exchange market, the rupee opened higher at 73.20 per dollar as against its previous close of 73.29.

6. Rupee: Falling for the sixth day in a row, the rupee closed lower by 2 paise at 73.31 against the US currency on Tuesday amid rising crude oil prices and dollar demand from oil importers. At the interbank foreign exchange market, the rupee opened higher at 73.20 per dollar as against its previous close of 73.29.

7. Bitcoin: Bitcoin traded above $40,000 for the first time in more than two weeks on Tuesday. At the time of writing, all major cryptocurrencies were trading in the red, with Bitcoin falling 0.17 percent to trade at $40,113.

7. Bitcoin: Bitcoin traded above $40,000 for the first time in more than two weeks on Tuesday. At the time of writing, all major cryptocurrencies were trading in the red, with Bitcoin falling 0.17 percent to trade at $40,113.

8. 10-year bond yield: India's benchmark 10-year bond yield closed at its highest level in more than six weeks while the rupee closed at a one-month low on the back of a much larger-than-expected surge in retail inflation in May. The benchmark 10-year bond yield ended at 6.04 percent, after touching 6.05 percent, its highest since April 30 and up 4 basis points on the day.

8. 10-year bond yield: India’s benchmark 10-year bond yield closed at its highest level in more than six weeks while the rupee closed at a one-month low on the back of a much larger-than-expected surge in retail inflation in May. The benchmark 10-year bond yield ended at 6.04 percent, after touching 6.05 percent, its highest since April 30 and up 4 basis points on the day.

9. Unemployment data: The unemployment rate in India has improved to a six-week low of 8.7 percent, according to a survey by the Centre for Monitoring Indian Economy (CMIE) Private Limited. The jobless rate for the week ended June 13 fell to 8.7 percent from 13.6 percent a week ago, according to CMIE data. Read more

9. Unemployment data: The unemployment rate in India has improved to a six-week low of 8.7 percent, according to a survey by the Centre for Monitoring Indian Economy (CMIE) Private Limited. The jobless rate for the week ended June 13 fell to 8.7 percent from 13.6 percent a week ago, according to CMIE data. Read more

10. CARE Ratings: The Securities Appellant Tribunal (SAT) has reduced the penalty imposed by Sebi on CARE Ratings to Rs 10 lakh from Rs 1 crore in a case related to lapses in assigning a credit rating to non-convertible debentures of Reliance Communications (RCom). Read more

10. CARE Ratings: The Securities Appellant Tribunal (SAT) has reduced the penalty imposed by Sebi on CARE Ratings to Rs 10 lakh from Rs 1 crore in a case related to lapses in assigning a credit rating to non-convertible debentures of Reliance Communications (RCom). Read more

Published : June 16, 2021 08:12 AM IST