Sensex, Nifty To See Cautious Start Ahead Of Key Earnings

RTTNews | 776 dias atrás

(RTTNews) - Indian shares are seen opening flat to slightly lower on Wednesday as investors await the June quarter numbers of IT companies for directional cues.

TCS and HCL Tech will unveil their quarterly earnings today followed by Wipro on July 13.

Meanwhile, U.S. banking giant Goldman Sachs has predicted that India will become the world's second-largest economy by 2075, surpassing not only Japan and Germany but also the U.S.

Benchmark indexes Sensex and Nifty rose modestly on Tuesday to extend gains for a second straight session while the rupee ended 20 paise higher at 82.37 against the dollar.

Foreign institutional investors (FIIs) remained net buyers of Indian equities for the tenth consecutive day on Tuesday, pumping in more than Rs.1,197 crore, while domestic institutional investors (DIIs) were net sellers with an outflow of Rs. 7.25 crore, stock exchange data showed.

Asian markets were mostly lower this morning, while gold edged higher as the dollar and bond yields fell ahead of U.S. inflation data due later in the day, expected to show moderation in price pressures.

Oil extended overnight gains despite data showing a bigger-than-expected build in U.S. crude stockpiles.

U.S. stocks advanced overnight as Beijing extended its policy support to the ailing property sector and bond yields remained capped ahead of key inflation reports and bank earnings this week.

The Dow gained 0.9 percent, the tech-heavy Nasdaq Composite surged 0.6 percent and the S&P 500 added 0.7 percent.

European stocks ended on a firm note Tuesday after comments from a trio of Fed officials suggested that the U.S. central bank was nearing the end of its monetary policy tightening cycle.

The pan European STOXX 600 rose 0.7 percent to extend gains for a third straight session.

The German DAX climbed 0.8 percent, France's CAC 40 rallied 1.1 percent and the U.K.'s FTSE 100 edged up 0.1 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 | 32 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 | 34 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 | 49 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 | 52 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 | 1h 4min 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 34min 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 | 2h 4min 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 34min atrás

EURUSD	1.1644	GBPUSD	1.34738	AUDUSD	0.64792
USDJPY	147.323	USDCAD	1.38525	USDCHF	0.80411