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10 things you need to know prior to the opening bell on June 26

Economy

Upgraded: 2020-06-2608: 03: 48

The Indian market is anticipated to open in the green on Friday following its Asian peers. At 7: 37 am, the SGX Nifty traded 71 points higher at 10,303, showing a favorable start for the Sensex and the Nifty50


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1.88 percent as shares of corporation Softbank Group jumped more than 1 percent while the Topix index shed 0. (Image: AP)

2. US: U.S. stock futures slipped on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and frustrating quarterly numbers out of Nike. Dow Jones Industrial Average futures dipped 89 points, or 0.4 percent. S&P 500 fell partially and Nasdaq-100 futures were flat. The Fed’s yearly stress test of the major banks shows some banks might get near minimum capital levels in circumstances associated with the coronavirus pandemic. Due to the fact that of this, banks should suspend share repurchase programs and keep dividend payments at present levels for the third quarter. (Image: AP)

3. Market At Close On Thursday: Indian stocks swung between gains and losses on Thursday after the International Monetary Fund (IMF) slashed its development outlook for the country and forecast a deeper global economic crisis. Gains in customer and financial stocks balance out the losses. The Sensex ended 27 points lower at 34,842 while the Nifty ended 16 points lower to settle at 10,289 Meanwhile, the Nifty Midcap and Nifty Smallcap indices also rose 0.9 percent and 0.6 percent, respectively. (Image: Reuters)

4. Brent unrefined futures rose 22 cents, or 0.5 percent, to $41 (image: Reuters)

5. Rupee Close: The rupee erased its preliminary losses to close 7 paise greater at 75.65 versus the US dollar on Thursday tracking favorable domestic equities, lower crude prices and foreign fund inflows. Forex traders said the rupee sold a narrow variety as gains in domestic equities, reducing petroleum rates and foreign fund inflows supported the marketplace, while strong United States dollar and increasing coronavirus cases weighed on financier beliefs. (Image: Reuters)

6. Indian Railways Cancels All Regular Trains Till August 12: All regular mail, express and traveler services in addition to suburban trains have been cancelled till August 12, the Railway Board said on Thursday. Sources stated that the decision was taken remembering the increasing variety of coronavirus cases in the country. However, all special trains– 12 pairs running on the Rajdhani paths because May 12 and 100 sets running given that June 1– will continue, they stated. The restricted special suburban services which began recently in Mumbai to transport necessary services personnel determined by the regional authorities will also continue to run, authorities stated. (Image: PTI)

7. (Image: Reuters)

8. Piyush Goyal To Meet Top Trump Administration: India and the US will restart high level negotiations on a trade pact in the coming days, Commerce Minister Piyush Goyal said on June25 He will engage with industry captains from both nations in mid-July, and will hold conversations with US Commerce Secretary Wilbur Ross. Both countries have been working out a minimal trade pact to improve market access for over a year now. The minister said that he is in regular dialogue with United States Trade Representative (USTR) and United States Commerce Secretary Wilbur Ross. (Image: PTI)

9. “Investors appear to be betting that lasting strong support from main banks will sustain a quick healing even as financial data point to a deeper-than-expected decline,” IMF said in its blog site accompanying the report. (Image: Reuters)

10 (Image Source: Chief Executive Officer KSPDCL)

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