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What changed for the market while you slept? Top 12 Things to Know



Indian markets closed flat during the week ending November 15, and Nifty50 failed to hold at 11900 levels on a closing basis.

The broader market witnessed a mixed trend where the S&P BSE average overrun index rose 0.28 percent, while the S&P BSE small cap index fell 1.1 percent over the past four trading days.

Keep up to date with Moneycontrol to find out what's happening in the currency and stock markets today. We have compiled a list of key news platforms headlines that can affect both Indian and international markets:

US markets closed at record levels:

Wall Street's main stock index closed at record levels on Friday, fueled by new optimism over a potential easing of US and Chinese trade tensions and of large gains in healthcare companies' shares, a Reuters report said.

The benchmark S&P 500 compiled its sixth straight week's profit, its longest such weekly streak of about two years, while Dow broke 28,000 for the first time.

Asia's hold on hold before the Fed:

Asian stock markets got off to a soft start this week as jade investors waited for real evidence of progress in the US-China trade dispute, even though sentiment found support from a another record near Wall Street, a Reuters report said.

Doubts about Sino-American trade talks emerged early last week, alth ough optimism gradually returned as US officials sounded more positive, the report added.

SGXNifty:

The trends at SGX Nifty indicate a flat opening for the broader index in India, with a gain of 2 points or 0.02 percent. Nifty futures traded around 1

1,945 level on the Singaporean Exchange.

Saudi Aramco IPO set to value companies up to $ 1.7 trillion

Saudi Aramco has set a price range for its listing which suggests the oil giant is worth between $ 1.6 trillion to $ 1 , $ 7 trillion, under $ 2 trillion that the Saudi Crown Prince had previously targeted, making it the world's largest IPO, a Reuters report said.

Govt mulls raises insurance coverage on bank deposits

Finance Minister Nirmala Sitharman on Friday said that the government will pass legislation on raising insurance coverage on bank deposits from the current Rs 1 lakh bank and regulate most . These laws will be introduced during Parliament's winter meeting, which begins next Monday.

Currently, bank depositors receive insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Company.

India's trade deficit in October is reduced to $ 11.01 billion

India's trade deficit fell to $ 11.01 billion in October from $ 18.0 billion a year ago, the Commerce Department said on Friday, helped by lower oil imports.

Govt intends to address the telecom sector's problems

Finance Minister Nirmala Sitharaman on November 15 said that the government intends to address the concerns that the crisis management telecom companies face billions of dollars with new statutory obligation a new Supreme Court.

"I want no business to shut down business. I want everyone to be up and running. We want the economy to have a good number of businesses in business and thrive in their business." Said Sitharaman

my wish is that all companies in all sectors can do business, serve their market customers and survive. So with that strategy, the Ministry of Finance has always talked and in telecommunications it is the method we have taken, " telecom.

Air India, Bharat Petroleum sale in March 2020: FM

Finance Minister Nirmala Sitharaman has announced that the government plans to discontinue the sale of harmful Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020 , said a report.

Speaking to the Times of India, the finance minister confirmed that the government is focused on the divestment of the two state corporations at the end of the financial year, the report adds.

The US-China agreement could be signed by ministers: White House

A partial trade agreement between the United Kingdom and China may be down at ministerial level, not by the presidents of the two nations, a top assistant said at the Vita House on November 15.

SEBI may rework standards to reduce the preferential rights issue process

The Securities and Exchange Board of India (SEBI) may rework the process for a new share issue in the capital market during the upcoming board meeting scheduled on November 20.

The market regulator can discuss a significant reduction in the time taken to process a new issue to 31 days from 55-58 in the current framework.

Forexkitty continues to swell, touching a new high of $ 448 billion

The foreign exchange reserve continued its upward march, raising $ 1,710 billion to touch a new high of $ 447.81 billion during the week to November 8, according to weekly data released by the Reserve Bank.

During the previous week, reserves increased by $ 3.515 billion to reach $ 446.098 billion.

Indian rupee extends second day profits

Rupee It was estimated by 18 paise to close at 71.78 against the US currency on Friday, extending gains for a second day on the back of lightweight crude oil prices and positive trends in the stock markets.

Institutional activity on Friday:

On the institutional front, FPI's net sellers in Indian markets were Rs 1008 cr, while DIIs were net buyers to Rs 537 cr, provisional data showed.

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