Sensex, Nifty Seen Opening Up With Earnings In Focus

RTTNews | vor 1028 Tagen

(RTTNews) - Indian shares look set to open a tad higher on Tuesday, as investors react to the latest earnings results and await the outcome of a two-day policy meeting of the U.S. Federal Reserve that gets underway later today.

The Fed is widely expected to raise interest rate by another 75 basis points - its fourth straight rate hike - to fight soaring inflation.

Traders and investors wait to see what comments the FOMC and Powell make regarding the future path of U.S. monetary policy given a weakening economic backdrop.

On the earnings front, Bharti Airtel, India's second largest telecom operator, posted an 89 percent year-on-year rise in consolidated net profit for the September quarter, while Tata Steel's Q2 profit plummeted 87 percent on flat revenue.

Engineering and Infrastructure conglomerate Larsen & Toubro beat estimates for the September quarter on most parameters led by a 23 percent growth in order inflow.

Benchmark indexes Sensex and Nifty jumped around 1.3 percent each on Monday while the rupee chalked up its tenth monthly decline after slipping versus the dollar.

Asian stocks traded broadly higher this morning and the dollar was firm against the Japanese yen, while oil prices edged up after falling overnight on data showing oil output in the United States climbed to nearly 12 million barrels per day in August, the highest since the onset of the Covid-19 pandemic.

U.S. stocks drifted lower overnight as investors weighed an impending rate hike against solid earnings results.

The Dow dipped 0.4 percent but posted a monthly gain of 14 percent, notching its best month of October on record. The S&P 500 shed 0.8 percent and the tech-heavy Nasdaq Composite gave up 1 percent.

European stocks closed broadly higher on Monday despite weak Eurozone inflation and GDP data. The pan European Stoxx 600 gained 0.4 percent.

The German DAX finished marginally higher and the U.K.'s FTSE 100 added 0.7 percent while France's CAC 40 index slipped 0.1 percent.

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.

RTTNews | vor 34 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

RTTNews | vor 51 Minuten

Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

RTTNews | vor 1Std 30 Minuten

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.

RTTNews | vor 2Std 0 Minuten

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | vor 2Std 12 Minuten

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

RTTNews | vor 2Std 30 Minuten

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | vor 2Std 31 Minuten

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.

RTTNews | vor 2Std 45 Minuten

EURUSD	1.17075	GBPUSD	1.35115	AUDUSD	0.64868
USDJPY	147.347	USDCAD	1.38335	USDCHF	0.80257