Sensex, Nifty Likely To Open On Flat Note

RTTNews | Před 25 dny
Sensex, Nifty Likely To Open On Flat Note

(RTTNews) - Indian shares are likely to open on a muted note Thursday as investors react to mixed signals from the Trump administration on its plans for China tariffs.

FII flows, the Nifty's monthly F&O expiry for April and the latest batch of Q4 results may sway sentiment as the day progresses.

Meanwhile, according to the minutes of the RBI's recent meeting released on Wednesday, all six members of the rate setting panel struck a dovish note due to the possibility of the global tariff war affecting India's growth prospects.

Benchmark indexes Sensex and Nifty both rose around 0.7 percent each on Wednesday to extend gains for a seventh day running. with auto, pharma and IT stocks leading the surge on easing trade tensions.

The rupee fell by 24 paisa to 85.42 per dollar, logging its sharpest fall in two weeks as the dollar index staged some recovery and short-term players unwound their bullish bets.

Asian markets fluctuated this morning after U.S. Treasury Secretary Scott Bessent said the president hasn't offered to take down China levies on a unilateral basis and there was no timeframe for engagement, casting doubt on a timely resolution to the trade war.

He also noted that there are multiple factors with regard to China beyond just tariffs and that a full rebalancing of trade might take two to three years.

The dollar weakened in early Asian trading and the Japanese yen snapped a two-day decline while gold rebounded, rising nearly 2 percent after falling 2.7 percent in the previous session.

Oil prices were little changed after settling nearly 2 percent lower on Wednesday as investors weighed the prospect of more OPEC+ supply and the fallout from Sino-U.S. tensions.

U.S. stocks rallied overnight, the dollar gained and safe-haven gold plunged after Treasury Secretary Scott Bessent said that both the U.S. and China have the chance to make "a big deal" on trade. "If they want to rebalance, let's do it together," Bessent said.

The tech-heavy Nasdaq Composite ended 2.5 percent higher after surging as much as 4.5 percent earlier. The S&P 500 jumped 1.7 percent and the Dow climbed 1.1 percent.

European stocks closed Wednesday's session on a buoyant note as U.S. President Donald Trump softened his stance towards the Fed chairman and signaled China tariffs will come down.

The pan European STOXX 600 gained 1.8 percent to hit a three-week high. The German DAX rallied 3.1 percent, France's CAC 40 surged 2.1 percent and the U.K.'s FTSE 100 added 0.9 percent.

read more
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews | Před 10 minutami
Dollar Index Extends Gains On Trade Deal Optimism

Dollar Index Extends Gains On Trade Deal Optimism

Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
RTTNews | Před 1 h 35 min
FTSE 100 Drifts Lower In Cautious Trade

FTSE 100 Drifts Lower In Cautious Trade

U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.
RTTNews | Před 2 h 11 min
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
RTTNews | Před 2 h 54 min
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | Před 3 h 20 min