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First bell: Top cues for Friday’s market

The rupee weakened against the US dollar after local equity markets fell

Hey there! Here is a look at the top triggers for today’s market

Singapore trading sets stage for weak start
Nifty futures are trading flat on the Singapore Stock Exchange, indicating indecisiveness among investors.

Dow tops 24,000
US stocks rallies in overnight trade on hopes that the push for a US tax overhaul would succeed. The Dow Jones Industrial Average rose 331 points to 24,272, the S&P500 21 points to 2,647 and technology index Nasdaq 49.63 points to 6,873.

Rest of Asia looks upbeat
Asian shares were pushing higher in early trade, cheered by Wall Street gains. Japan’s Nikkei was up 0.8 per cent in early trade.

Market-wide rollovers at 80%
Market-wide rollovers stood at 63 per cent of overall positions in Nifty futures against average rolls of 71 per cent  in last three series.  Rollovers for the index plus stocks stood at 80 per cent, which was higher than the three series’ average of 77 per cent.

Rupee weakens vs dollar
The rupee weakened against the US dollar after local equity markets fell over 450 points before the key GDP data on Thursday. The home currency closed at 64.46 a dollar.

Crude oil prices mixed
Oil prices were mixed on Thursday after oil producers agreed to extend a deal to limit their output through 2018. WTI crude ended Thursday’s session up 10 cents at $57.40

Q2 GDP print impressive
India’s economy shrugged off the disruption from GST and lingering after-effects of demonetisation to post higher growth in the second quarter, reversing a five-quarter slide. GDP rose 6.3 per cent in the July-September period.

Deficit data remains a worry
India’s fiscal deficit at the end of October hit 96.1 per cent of the budget target for 2017-18 on account of lower revenues and increase in expenditure.

Core sector data showed pickup
Eight core infrastructure industries grew 4.7 per cent in October, matching the September growth, which has been revised down from 5.2 per cent, data released on Thursday showed.

 

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