Sensex, Nifty May Struggle In Directionless Trade

RTTNews | vor 83 Tagen
Sensex, Nifty May Struggle In Directionless Trade

(RTTNews) - Indian shares may struggle to find footing on Friday after recent string of gains and amid jitters in the run-up to an increase of U.S. tariffs that will come into force on April 2.

Dampening prospects of a concession, U.S. President Donald Trump said Thursday India will face reciprocal tariffs, a move likely to hurt India's exports of agricultural and pharmaceutical goods.

"I have a very good relationship with India, but the only problem I have with India is that they are one of the highest tariffing nations in the world. I believe they are probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us," Trump said in an interview with U.S.-based Breitbart News.

Domestic markets remain sensitive to sentiment shifts despite FIIs turning net buyers in Indian equities for the first time in months.

Benchmark indexes Sensex and Nifty jumped around 1.2 percent each on Thursday to extend gains for a fourth straight session, while the rupee gained 1 paise to close at 86.36 against the dollar.

Asian markets were muted this morning while the dollar stood tall, pushing gold prices lower.

Oil prices were set for a second weekly gain after the U.S. sanctioned a Chinese refinery for the first time, in a marked step-up of measures to curb supply from Iran.

Also, a new OPEC+ plan announced Thursday for seven members to cut output raised bets on tightening supply.

U.S. stocks fluctuated before closing modestly lower overnight on fears over President Trump's tariffs and signs of escalating geopolitical tensions, following reports of Israeli airstrikes on Gaza and a huge blast triggered by a Ukrainian drone attack on a Russian airfield.

Jobless claims held steady last week and there was an unexpected increase in existing home sales, helping calm concerns about an economic slowdown.

The tech-heavy Nasdaq Composite slipped 0.3 percent and the S&P 500 eased 0.2 percent while the narrower Dow ended little changed.

European stocks ended a four-day winning streak on Thursday as investors digested a slew of policy announcements from central banks, including the U.S. Federal Reserve and the Bank of England.

The pan European STOXX 600 dropped 0.4 percent. The German DAX lost 1.2 percent, France's CAC 40 fell 1 percent and the U.K.'s FTSE 100 finished marginally lower.

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Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | vor 36 Minuten
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | vor 1Std 9 Minuten
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | vor 1Std 31 Minuten
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | vor 1Std 39 Minuten
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | vor 1Std 51 Minuten
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | vor 1Std 54 Minuten
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | vor 2Std 39 Minuten
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | vor 3Std 9 Minuten