Sensex, Nifty Likely To See Modest Gains At Open Ahead Of Trump Inauguration

RTTNews | vor 233 Tagen

(RTTNews) - Indian shares may see cautious gains at open on Monday as investors prepare for the first days of the Trump's second term.

U.S. President-elect Donald Trump is due to be sworn in for the second time later in the day, with analysts expecting him to sign a number of executive orders on immigration and other issues shortly after being sworn in.

Markets expect a lot of policy changes, and the proposed tariffs could have a devastating impact on countries like China, Canada and Mexico.

FII flows, oil price movements, budget expectations and Q3 earnings may sway sentiment as the week progresses.

Hindustan Unilever, HDFC Bank, ICICI Bank, BPCL, and Hindustan Petroleum are among the prominent companies due to unveil their quarterly results this week.

Benchmark indexes Sensex and Nifty ended down around half a percent each on Friday, snapping a three-day winning streak.

Asian markets were broadly higher this morning following a positive conversation between Trump and Chinese President Xi Jinping on issues including TikTok, trade and Taiwan in a phone call on Friday.

Overall gains, however, were modest as China's central bank left its benchmark lending rates unchanged due to pressure on the yuan.

The dollar held steady near a two-year high in Asian trade and gold traded below $2,700 per ounce amid signs of easing Middle East tensions while oil edged up slightly on persisting concerns over Russian sanctions.

U.S. stocks rose sharply on Friday and posted weekly gains for the first time in three weeks amid optimism over the health of the economy and path of interest rates.

In economic news, industrial production increased by much more than expected in December while U.S. single-family homebuilding rose to a 10-month high, separate reports showed.

The tech-heavy Nasdaq Composite surged 1.5 percent, while the S&P 500 rallied 1 percent and the Dow added 0.8 percent to notch their biggest weekly gains since the week of the November presidential election.

European stocks closed higher on Friday amid optimism over interest rate cuts following dovish comments from Federal Reserve Governor Christopher Waller and ECB Governing Council member Yannis Stournaras.

The pan-European STOXX 600 index rose by 0.7 percent and logged its fourth consecutive weekly rise.

The U.K.'s FTSE 100 jumped 1.4 percent to hit a record closing high while the German DAX and France's CAC 40 surged 1.2 percent and 1 percent, respectively.

U.S. stock markets will be closed today to commemorate Martin Luther King Jr. Day.

Australian Market Extends Early Gains In Mid-market

The Australian market is extending its early gains in mid-market moves on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.

RTTNews | vor 2Std 7 Minuten

Indian Shares Likely To Open Higher

Indian shares look headed for a positive start on Wednesday, tracking global cues. Activity is likely to turn stock specific with investors reacting to corporate news. Automobile stocks may find support with several companies deciding to pass on the benefit of recent GST reduction to customers.

RTTNews | vor 2Std 15 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid growing optimism about the outlook for interest rates after sharp downward revisions in US jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.

RTTNews | vor 2Std 25 Minuten

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in three straight sessions, adding almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it's tipped to open in the green again on Wednesday.

RTTNews | vor 3Std 36 Minuten

Indonesia Bourse May End Losing Streak On Wednesday

The Indonesia stock market has moved lower in three straight sessions, sinking almost 260 points or 3.6 percent in that span. The Jakarta Composite Index now rests just beneath the 7,630-point plateau although it's due for support on Wednesday.

RTTNews | vor 4Std 6 Minuten

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Wednesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 43,650 level, with gains in technology stocks partially offset by weakness in automakers, exporters and financial stocks.

RTTNews | vor 4Std 10 Minuten

Hang Seng May Extend Winning Streak

The Hong Kong stock market has moved higher in three straight sessions, climbing more than 975 points or 3.9 percent along the way. The Hang Seng Index now sits just beneath the 25,940-point plateau and it may see additional strength on Wednesday.

RTTNews | vor 4Std 21 Minuten

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying just above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.

RTTNews | vor 4Std 35 Minuten

EURUSD	1.17129	GBPUSD	1.35392	AUDUSD	0.66102
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