Sensex, Nifty Likely To Open Higher Amid Cheer On Fiscal Deficit

RTTNews | Před 571 dny

(RTTNews) - Indian shares look set to open notably higher on Friday, reflecting firm global cues and a drop in domestic bond yields after the government lowered its fiscal deficit target despite increased spending on infrastructure.

Benchmark indexes Sensex and Nifty ended a choppy session slightly lower on Thursday while the rupee gained 8 paise to close at 82.96 against the dollar.

Asian markets traded higher this morning and U.S. stock futures surged after a set of bumper results from tech giants Amazon, Apple and Meta Platforms.

The dollar fell broadly against its major rivals while oil headed for the biggest weekly loss since early November after reports that Hamas and Israel have come to an agreement on a ceasefire, a crucial step toward ending the conflict.

U.S. stocks rebounded overnight after logging their biggest daily drop of 2024 the previous day on hawkish Fed policy statement.

The Dow rose 1 percent, while the tech-heavy Nasdaq Composite and the S&P 500 both surged around 1.3 percent as Treasury yields slipped on weaker labor market data.

U.S. jobless claims rose last week, and fourth quarter unit labor costs undershoot forecasts while business activity in the manufacturing sector continued to contract in January, separate reports showed.

European stocks closed lower for the first time in six days on Thursday despite encouraging Eurozone inflation data and signals from the Bank of England that it will likely lower borrowing costs this year for the first time since 2020.

The pan European STOXX 600 dropped 0.4 percent. The German DAX eased 0.3 percent, France's CAC 40 shed 0.9 percent and the U.K.'s FTSE 100 slipped 0.1 percent.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | Před 31 minutami

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | Před 1 h 45 min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | Před 2 h 6 min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | Před 2 h 36 min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | Před 3 h 17 min

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 | Před 3 h 44 min

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 | Před 3 h 47 min

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 | Před 4 h 2 min

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