Sensex, Nifty End Modestly Lower; IT Stocks Rally Across The Board

RTTNews | hace 952

(RTTNews) - Indian shares ended Monday's session slightly lower despite positive cues from global markets amid signs of easing inflation in the U.S. and hopes of an uptick in Chinese demand.

Investors ignored official data showing that India's wholesale price inflation (WPI) slipped below the 5 percent mark for the first time since February 2021.

WPI inflation fell to an almost two-year low of 4.95 percent in December due to cooling food and crude prices, according to a statement issued by the Ministry of Commerce and Industry.

The benchmark S&P BSE Sensex dropped 168.21 points, or 0.28 percent, to 60,092.97 while the broader NSE Nifty index settled 61.75 points, or 0.34 percent, lower at 17,894.85.

Maruti Suzuki India, JSW Steel, Hindalco, Axis Bank and Adani Enterprises fell 1-3 percent in the Nifty pack, while IT stocks gained across the board.

Tech Mahindra topped the gainers list to climb more than 3 percent after announcing a global strategic collaboration with Microsoft. TCS, Wipro, Infosys and HCL Technologies all rose over 1 percent.

GPT InfraProjects jumped nearly 6 percent after it won a Rs 216-crore contract from Maharail Maharashtra Rail Infrastructure Development Corporation.

Bank of Maharashtra surged 4.7 percent on posting robust earnings for the December quarter.

Rattan India Enterprises soared almost 15 percent on heavy volumes after the acquisition of electric motorcycles maker Revolt Motors.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | hace 35 minutos

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 38 minutos

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 53 minutos

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | hace 55 minutos

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | hace 1h 8min

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | hace 1h 38min

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 7min

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 38min

EURUSD	1.16458	GBPUSD	1.34751	AUDUSD	0.64844
USDJPY	147.276	USDCAD	1.38499	USDCHF	0.80394