Indian Markets Closed For Independence Day

RTTNews | vor 1109 Tagen

(RTTNews) - Indian markets remain closed today on account of Independence Day holiday.

Last week, stocks extended their winning streak for a fourth consecutive week on the back of strong corporate earnings and the return of foreign fund flows.

The BSE Sensex and broader Nifty index jumped 1.8 percent and 1.7 percent, respectively for the week, while the rupee posted a weekly loss - failing to capitalize on a weaker dollar.

India's consumer price inflation eased more-than-expected in July, while industrial production continued to expand strongly in June, though at a slower rate than in the prior month, data released after markets hours on Friday showed.

On the earnings front, state-run insurer LIC reported a multi-fold jump in standalone net profit to Rs. 682.89 crore for the June quarter compared to a profit of Rs. 2.94 crore in the same period last year.

ONGC reported its highest quarterly net profit of Rs 15,206 crore in the June quarter on the back of record oil and gas prices, while Hero MotoCorp said its consolidated Q1 profit after tax grew 71 percent year-on-year.

Asian markets traded mixed this morning, with Chinese and Hong Kong stocks declining after the People's Bank of China unexpectedly cut a key policy interest rate for the first time since January, reflecting concerns about growth and sluggishness in credit demand.

Gold slipped and the dollar edged higher as investors awaited the release of latest FOMC minutes on Wednesday for clues on the size of next rate hike.

Oil extended Friday's losses amid signs of progress in talks on reviving a 2015 nuclear deal.

U.S. stocks rallied on Friday to deliver a fourth straight week of gains amid expectations that moderating inflation will help thee Fed pull off a soft landing for the economy.

A measure of U.S. consumer sentiment improved much more than expected in August and one-year inflation expectations fell to the lowest level since February, adding to optimism about the economy.

The Dow gained 1.3 percent, the tech-heavy Nasdaq Composite surged 2.1 percent and the S&P 500 added 1.7 percent to reach new three-month closing highs.

European stocks ended firmly in positive territory on Friday as investors reacted to better-than-expected readings on U.K. second-quarter GDP and Eurozone industrial production.

The pan European Stoxx 600 edged up 0.2 percent. The German DAX climbed 0.7 percent, France's CAC 40 index inched up 0.1 percent and the U.K.'s FTSE 100 rose half a percent.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 1Std 2 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | vor 1Std 17 Minuten

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | vor 1Std 48 Minuten

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | vor 2Std 0 Minuten

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | vor 2Std 8 Minuten

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | vor 2Std 17 Minuten

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 2Std 24 Minuten

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | vor 2Std 47 Minuten

EURUSD	1.16434	GBPUSD	1.35093	AUDUSD	0.65118
USDJPY	147.177	USDCAD	1.37778	USDCHF	0.80139