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

RTTNews | Před 834 dny
Sensex, Nifty Seen Up On Easing Rate Concerns; IT Earnings In Focus

(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.

read more
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.2 percent on a monthly basis, reversing a 0.5 percent rise in August.
RTTNews | Před 3 h 9 min
Sensex, Nifty Struggle For Direction In Early Trade

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares struggled for direction on Friday amid concerns that soaring crude oil prices on fears of supply disruptions would result in higher input costs for Indian refiners that have been key buyers of discounted Russian crude since 2022.
RTTNews | Před 3 h 17 min
Australian Market Slips To Modest Losses In Mid-market

Australian Market Slips To Modest Losses In Mid-market

The Australian market is slipping to modest losses in mid-market moves on Friday after opening in the green, giving up some of the gains in the previous session, despite the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 9,050 level, with weakness in gold miners and financial stocks partially offset by gains in iron ore miners and technology stocks.
RTTNews | Před 4 h 24 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing trade tensions between the U.S. and China after US President Donald Trump and Chinese President Xi Jinping agreed to meet to resolve tariff issues. Optimism about interest rate cut by the US Fed later this week is also aiding market sentiment. Asian markets ended mix
RTTNews | Před 4 h 52 min
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note Friday, tracking firm cues from global markets. That said, surging oil prices amid supply fears may lead to some volatility as the session progresses.
RTTNews | Před 5 h 22 min
Thai Stock Market May Extend Winning Streak

Thai Stock Market May Extend Winning Streak

Ahead of Thursday's holiday for Chulalongkorn, the Thai stock market had finished higher in three straight sessions, gathering almost 30 points or 2.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,300-point plateau and it's called higher again on Friday.
RTTNews | Před 6 h 1 min