Sensex, Nifty To Open On Cautious Note On Weak Global Cues

RTTNews | 658 dias atrás
Sensex, Nifty To Open On Cautious Note On Weak Global Cues

(RTTNews) - Indian shares are seen opening flat to slightly lower on Thursday amidst negative global cues as stronger-than-expected U.S. services sector data fueled concerns that U.S. interest rates may stay higher for longer.

Benchmark indexes Sensex and Nifty finished marginally higher on Wednesday to extend gains for a fourth consecutive session.

The rupee fell by 10 paise to close at a record low of 83.14 against the dollar as the greenback hit a six-month high and crude oil prices neared $90 a barrel.

Asian markets were mostly lower this morning ahead of China's trade figures, due out later in the day.

A buoyant dollar pushed the Japanese yen to a 10-month trough, while oil steadied after the longest winning run in more than four years.

U.S. stocks ended lower overnight as rising oil prices revived inflation fears and Boston Fed President Susan Collins warned that more policy tightening could be warranted.

In economic releases, activity in the U.S. services sector rose unexpectedly in August while the Fed's Beige Book showed economic growth was modest during July and August.

The tech-heavy Nasdaq Composite lost 1.1 percent, the S&P 500 fell 0.7 percent and the Dow dropped 0.6 percent.

European stocks fell for a sixth consecutive session on Wednesday on concerns about elevated inflation and slowing global growth. Weak German factory orders data also weighed.

The pan-European STOXX 600 dropped 0.6 percent to reach its lowest level in over a week.

The German DAX and the U.K.'s FTSE 100 both slipped around 0.2 percent while France's CAC 40 shed 0.8 percent.

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Sensex, Nifty Seen Little Changed At Open

Sensex, Nifty Seen Little Changed At Open

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Thai Shares May Be Stuck In Neutral On Thursday

Thai Shares May Be Stuck In Neutral On Thursday

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Soft Start Seen For Indonesia Stock Market

Soft Start Seen For Indonesia Stock Market

The Indonesia stock market headed south again on Wednesday, one day after ending the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just above the 6,830-point plateau and it may extend its losses on Thursday.
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Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,300 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers.
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Hang Seng Index Due For Profit Taking

Hang Seng Index Due For Profit Taking

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Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in three straight sessions, collecting more than 95 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,455-point plateau although it's due for consolidation on Thursday.
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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,600 level, with a mixed performance across most sectors.
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Lower Open Expected For Taiwan Stock Market

Lower Open Expected For Taiwan Stock Market

The Taiwan stock market has moved higher in two straight sessions, advancing almost 700 points or 3.2 percent along the way. The Taiwan Stock Exchange now sits just above the 22,430-point plateau although it's looking at a soft start on Thursday.
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