Sensex, Nifty Seen Up On Easing Rate Concerns; IT Earnings In Focus

RTTNews | Před 775 dny

(RTTNews) - Indian shares look set to open higher on Thursday, as signs of slowing U.S. inflation bolstered hopes that the Federal Reserve would end its interest rate hikes soon.

Investors remain hopeful that there's no reason for the Fed to raise rates again after this month's expected hike.

Overall gains, however, may remain capped after TCS and HCL Technologies delivered muted June quarter earnings and macroeconomic data painted a mixed picture of the domestic economy.

India's consumer price inflation rose more-than-expected in June from the previous month's 25-month low, while industrial production expanded at an accelerated pace in May, separate data from the National Statistical Office revealed.

Retail inflation climbed to a three-month high of 4.81 percent year-over-year in June, faster than the revised 4.31 percent rise in May. Annual industrial production growth improved to 5.2 percent in May from 4.5 percent in April.

Benchmark indexes Sensex and Nifty fluctuated before ending down around 0.3 percent each on Wednesday ahead of key earnings and macroeconomic data releases.

Asian markets traded higher this morning on optimism about inflation and China ending its crackdown on the tech industry.

The dollar index and Treasury yields extended overnight declines while oil and gold held gains.

U.S. stocks rose overnight, Treasury yields fell to a two-week low and the dollar plummeted to its lowest since April 2022, as investors cheered lowest inflation reading in over two years.

Data showed U.S. consumer price inflation rose 3 percent in June, marking their smallest year-on-year increase since March 2021, after 4 percent growth in May. Core inflation also moderated from 5.3 percent from 4.8 percent, easing pressure on the Fed to keep raising interest rates.

The tech-heavy Nasdaq Composite and the S&P 500 gained 1.2 percent and 0.7 percent, respectively to hit their best closing levels in over a year while the Dow edged up 0.3 percent.

European stocks rose sharply on Wednesday as investors reacted to the cooler-than-expected U.S. inflation reading and the Bank of England's stress test results showing the U.K.'s big lenders would continue to be resilient.

The pan European STOXX 600 surged 1.5 percent to close higher for the fourth straight session. The German DAX rallied 1.5 percent, France's CAC 40 climbed 1.6 percent and the U.K.'s FTSE 100 surged 1.8 percent.

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 32 minutami

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 59 minutami

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 1 h 2 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 1 h 17 min

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 | Před 1 h 20 min

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 | Před 1 h 32 min

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 | Před 2 h 2 min

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 | Před 2 h 32 min

EURUSD	1.16432	GBPUSD	1.34736	AUDUSD	0.64832
USDJPY	147.446	USDCAD	1.38481	USDCHF	0.80437