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MARKETS LIVE: Key things to watch out for before opening bell

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SI Reporter  |  New Delhi  Last Updated at November 14, 2017 08:45 IST

Nifty, Sensex, BSE, NSE, markets

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Benchmark indices are likely to open flat as domestic numbers and corporate earnings will influence market sentiment. 


Asian stocks wobbled as investors awaited developments in US tax reform efforts, while contemplating if a marked flattening in the US yield curve might ultimately be a harbinger of an economic slowdown there.


India’s Consumer Price Index (CPI)-based rose to this financial year’s highest rate of 3.58% in October, from 3.28% in September, food and fuel prices increasing at a higher pace.


This could stop the Reserve Bank of India (RBI) from cutting rates in its policy review next month to spur falling industrial growth even as core (relating to manufactured products sans food items) fell to 4.55%, from 4.61%.


In other development, Finance Minister Arun Jaitley ruled out a single rate for the goods and services tax (GST), adding any further rationalisation of tariffs would be contingent on revenues.


“Those who are speaking of a single rate for the GST have no understanding of the tariff structure. Food items have to be taxed at nil. ‘Common-man items’ have to be taxed at the lowest rate of 5 per cent,” he said.

8:45 AM

October retail inflation touches 7-month high, vegetable prices soar

 

Consumer Price Index (CPI)-based inflation rose to this financial year’s highest rate of 3.58 per cent in October, from 3.28 per cent in September, food and fuel prices increasing at a higher pace.

 

This could stop the Reserve Bank of India (RBI) from cutting rates in its policy review next month to spur falling industrial growth even as core inflation (relating to manufactured products sans food items) fell to 4.55 per cent, from 4.61 per cent. READ MORE

8:41 AM

SGX Nifty

 

The Nifty50 futures on the Singapore Stock Exchange were trading 4 points lower at 10257 indicating a flat opening for the domestic market.

8:41 AM Asia Check

Asian stocks wobbled on Tuesday as investors awaited developments in U.S. tax reform efforts, while contemplating if a marked flattening in the U.S. yield curve might ultimately be a harbinger of an economic slowdown there.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.25% after two sessions of declines, while Australia fell 0.9%.

 

Japan’s Nikkei was choppy, down 0.1% to add to four sessions of losses.

8:40 AM

US markets ended higher

 

US stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors. 

 

The Dow Jones Industrial Average rose 17.49 points, or 0.07%, to 23,439.7, the S&P 500 gained 2.54 points, or 0.10%, to 2,584.84 and the Nasdaq Composite added 6.66 points, or 0.1%, to 6,757.60

8:38 AM Good Morning!

Welcome to market’s live blog. Catch all live market action here.

First Published: Tue, November 14 2017. 08:24 IST

MARKETS LIVE: Key things to watch out for before opening bell

Catch all live market action here

Catch all live market action here

Benchmark indices are likely to open flat as domestic numbers and corporate earnings will influence market sentiment. 


Asian stocks wobbled as investors awaited developments in US tax reform efforts, while contemplating if a marked flattening in the US yield curve might ultimately be a harbinger of an economic slowdown there.


India’s Consumer Price Index (CPI)-based rose to this financial year’s highest rate of 3.58% in October, from 3.28% in September, food and fuel prices increasing at a higher pace.


This could stop the Reserve Bank of India (RBI) from cutting rates in its policy review next month to spur falling industrial growth even as core (relating to manufactured products sans food items) fell to 4.55%, from 4.61%.


In other development, Finance Minister Arun Jaitley ruled out a single rate for the goods and services tax (GST), adding any further rationalisation of tariffs would be contingent on revenues.


“Those who are speaking of a single rate for the GST have no understanding of the tariff structure. Food items have to be taxed at nil. ‘Common-man items’ have to be taxed at the lowest rate of 5 per cent,” he said.


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SI Reporter

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