Sensex, Nifty Recoup Early Losses

RTTNews | vor 230 Tagen

(RTTNews) - Indian shares ended Wednesday's choppy session on a fat note as investors digested weak GDP estimates and awaited cues from the upcoming Q3 earnings season.

Global cues were mixed and the dollar rose as strong U.S. service sector activity and job openings data prompted traders to push back their expectations on when the Fed can cut interest rates this year.

A weakening rupee and rising oil prices also fueled concerns about inflation and the outlook for interest rates.

The rupee fell by 9 paise to a record low of 85.83 against the greenback in early trade today, tracking an overnight rally in the dollar index and U.S. bond yields.

The benchmark S&P/BSE Sensex ended the session down 50.62 points at 78,148.49, after having hit a low of 77,486.79 earlier.

Likewise, the broader NSE Nifty index hit an intraday low of 23,496.15 before finishing down 18.95 points at 23,688.95.

The BSE mid-cap and small-cap indexes underperformed, falling around 1.1 percent each.

The market breadth was weak. On the BSE, 1,392 shares rose and 2,578 shares declined while a total of 96 shares were unchanged.

Trent fell 2.8 percent, extending losses for a fourth day running.

Apollo Hospitals Enterprise shares fell more than 4 percent while Bajaj Auto, Shriram Finance and UltraTech Cement all fell around 2 percent.

Paytm plunged 8 percent after UBS reported that the company did not acquire any UPI share in December.

United Breweries slumped 4.1 percent after halting beer supply to Telangana over pricing disputes.

ONGC jumped more than 3 percent as oil extended overnight gains on signs of tightening supplies from Russia and OPEC members as well as industry data showing a large crude draw.

TCS gained 1.7 percent ahead of its earnings announcement due on Thursday.

ITC, Asian Paints and Dr Reddy's Laboratories all rose around 2 percent.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | vor 33 Minuten

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | vor 37 Minuten

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | vor 2Std 3 Minuten

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | vor 2Std 22 Minuten

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | vor 2Std 33 Minuten

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | vor 2Std 39 Minuten

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | vor 2Std 48 Minuten

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | vor 3Std 3 Minuten

EURUSD	1.16223	GBPUSD	1.34561	AUDUSD	0.6487
USDJPY	147.865	USDCAD	1.38411	USDCHF	0.80487