 "10 things you need to know before the opening bell")
Global cues:
Asian markets face a tense few days waiting to see if minutes of the Federal Reserve’s last policy meeting will provide some clarity on when it might start scaling back stimulus – with far-reaching implications for borrowing costs across the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent in early trade.Tokyo’s Nikkei share averageinched up 0.2 percent in early trade on Monday after ending last week flat. Japanese data showed the third-largest trade deficit on record as imports outpaced exports.
After Wall Street’s biggest weekly decline since June and the worst week this year for the Dow average, investors will be searching for a rebound. But the best gains may not be at home as investors take notice of an improved outlook in Europe.Fund managers have started to shift to euro-zone equities after a series of economic indicators showed the region finally emerging from recession.
[caption id=“attachment_1042693” align=“alignright” width=“380”]  Reuters[/caption]
The dollar held firm versus a basket of currencies on Monday and stayed above a recent seven-week low, getting support after US 10-year Treasury yields set a two-year high on Friday.
Business/Stock news:
Commodity markets regulator FMC has asked crisis ridden NSEL to go ahead for the time being with its plan to settle Rs 5,600 crore of dues to investors and questioned the credibility of the accounts and information provided by the exchange.
Following relaxation in SEZ norms,debt-laden property developer HDIL has decided to scrap planto sell the 70-acre land parcel at Kochi Special Economic Zoneand is now looking to construct IT infrastructure there.
Gold stocks will be in news today as the zooming gold price is expected toresult in 25-30 per cent decline in jewellery business duringthis festive and marriage season.
Economy news:
The rupee, which plunged to a recordlow of 62.03 to a US dollar on Friday, is likely to claw backto the 61 level this week on more capital inflows fromoverseas, according to analysts and treasury heads of banks.
Gold prices are likely to hover at around Rs 31,000 per 10 grams by the end of this year even though the demand for the metal may remain at 860 tonne after the government restrictions to curb imports, say experts.
Coal Ministry has called a meetingby month-end to review the progress of fuel supply pactssigned with power firms for a capacity of 78,000 MW.
Onion prices continued to hover around Rs 60 per kg across retail markets in Punjab and Haryana, while peas jumped to Rs 80-100 per kg.Due to heavy rains in Himachal Pradesh and many parts of Punjab and Haryana during the past few days, the price of tomato too had jumped to around Rs 40 per kg as against Rs 20-30 a few days back.
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