Sensex, Nifty Seen Lower After US Rating Downgrade

RTTNews | 782 dias atrás
Sensex, Nifty Seen Lower After US Rating Downgrade

(RTTNews) - Indian shares may open a tad lower on Wednesday as investors react to tepid global cues, mixed auto sales data for July and upbeat GST collection data showing 11 percent year-on-year growth in collection in July.

Cement and Adani Group stocks could be in focus today after reports that Ambuja Cements is all set to acquire a majority stake in operations of Sanghi Industries.

Benchmark indexes Sensex and Nifty ended a choppy session marginally lower on Tuesday while the rupee settled 7 paise higher at 82.22 against the dollar.

Asian markets drifted lower this morning after Fitch downgraded the U.S. government's credit rating from AAA to AA+, citing a steady deterioration in standards of governance.

Mixed U.S. earnings also weighed, with Advanced Micro Devices reporting better-than-expected quarterly results while Starbucks missed market expectations for quarterly comparable sales.

Gold edged higher on dollar weakness while oil prices rose more than 1 percent in Asian trade after industry data showed a sharp drop in U.S. crude stocks last week.

U.S. stocks ended mostly lower overnight as caution crept in ahead of key earnings and the U.S. jobs data due this week.

In economic releases, U.S. manufacturing activity contracted for the ninth consecutive month in July and construction spending rose by slightly less than expected in June while job openings fell to the lowest level in more than two years in June, separate reports showed.

The tech-heavy Nasdaq Composite gave up 0.4 percent and the S&P 500 eased 0.3 percent while the Dow edged up 0.2 percent to reach its best closing level in well over a year after Caterpillar reported strong second-quarter profits.

European stocks closed lower on Tuesday as weak manufacturing PMI data from Asia, Europe and the U.S. revived growth worries.

The pan European STOXX 600 fell 0.9 percent in its biggest single-day percentage loss in nearly a month.

The German DAX lost 1.3 percent, France's CAC 40 shed 1.2 percent and the U.K.'s FTSE 100 dropped 0.4 percent.

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European Shares Seen Mostly Lower In Cautious Trade

European Shares Seen Mostly Lower In Cautious Trade

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China Leaves Key Interest Rates Unchanged

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RTTNews | 2h 29min atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | 4h 25min atrás
Asian Markets Trade Mixed

Asian Markets Trade Mixed

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RTTNews | 4h 46min atrás
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | 5h 22min atrás
Japanese Market Sharply Higher

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The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
RTTNews | 5h 38min atrás
Thai Stock Market Due For Support On Monday

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews | 5h 58min atrás