Sensex, Nifty Seen Tad Lower On Mixed Global Cues

RTTNews | 517 dias atrás

(RTTNews) - Indian shares look set to open a tad lower on Wednesday, tracking mixed global cues as investors await key U.S. and European inflation readings this week for policy clues.

Escalating tensions between Russia and Ukraine, unrest in the Middle East and the indefinite suspension of vessel traffic into and out of the Port of Baltimore after a cargo ship collision may also weigh on markets.

Meanwhile, India's current account deficit narrowed to $10.5 billion, or 1.2 percent of GDP, in the third quarter of FY2024 from $16.8 billion, or 2 percent of GDP, in the year-ago quarter, the latest RBI data revealed.

In the second quarter of FY2024, the deficit stood at $11.4 billion, or 1.3 percent GDP.

Benchmark indexes Sensex and Nifty fell around half a percent each on Tuesday while the rupee jumped 33 paise to close at 83.28 against the dollar on likely central bank intervention.

Asian markets traded mixed this morning and the dollar was little changed while Treasuries steadied after rebounding from session lows on Tuesday following a $67 billion sale of five year-notes.

Gold traded in a narrow range while oil extended overnight losses on industry data showing a large build in U.S. inventories.

U.S. stocks gave up early gains to end lower overnight as investors assessed the impact of a significant bridge collapse in the Baltimore port area on markets and the economy.

On the data front, the latest readings on new orders for manufactured durable goods and consumer confidence painted a mixed picture of the world's largest economy.

The Dow slipped marginally and the S&P 500 eased 0.3 percent to end lower for a third straight session, while the tech-heavy Nasdaq Composite shed 0.4 percent to extend losses for a second day.

European stocks rose on Tuesday in a relatively quiet and holiday-shortened week. The pan European STOXX 600 recovered from an early slide to finish 0.2 percent higher.

The German DAX climbed 0.7 percent, France's CAC 40 rose 0.4 percent and the U.K.'s FTSE 100 edged up 0.2 percent.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 13 minutos atrás

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 16 minutos atrás

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 31 minutos atrás

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 33 minutos atrás

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 46 minutos atrás

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1h 16min atrás

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 46min atrás

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 16min atrás

EURUSD	1.16416	GBPUSD	1.34755	AUDUSD	0.64781
USDJPY	147.324	USDCAD	1.38549	USDCHF	0.8043