Sensex, Nifty Open Lower In Cautious Trade; Auto Stocks Surge

RTTNews | hace 501
Sensex, Nifty Open Lower In Cautious Trade; Auto Stocks Surge

(RTTNews) - Indian shares opened lower on Thursday as higher bond yields and looming uncertainty over the ceasefire deal in Gaza overshadowed solid trade figures from China.

The benchmark S&P BSE Sensex was down 200 points, or 0.3 percent, at 73,267 in early trade while the broader NSE Nifty index was down 59 points, or 0.3 percent, at 22,243.

Larsen & Toubro tumbled 3.6 percent after posting in line Q4 results.

Hindustan Petroleum Corporation and Bharat Petroleum Corporation both fell over 1 percent ahead of their earnings results.

Automakers were seeing broad-based gains. Hero MotoCorp soared nearly 6 percent while Maruti Suzuki India, Eicher Motors, Bajaj Auto and Mahindra & Mahindra were up 1-3 percent.

Kotak Mahindra rose 0.6 percent on reports it is ramping up technology transition.

Bank of Baroda rallied 2.3 percent as the RBI lifted a ban on onboarding customers through bob World, the lender's mobile banking application.

Canara Bank added 1.5 percent on reporting an 18 percent rise in Q4 net profit.

Tata Power fell more than 2 percent after reporting Q4 results below estimates.

TVS Motor Company soared 5 percent after quarterly profit rose 18 percent year-on-year.

SBI gained half a percent ahead of its earnings release.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | hace 1h 54min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | hace 2h 14min
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | hace 2h 50min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
RTTNews | hace 3h 7min
Thai Stock Market Due For Support On Monday

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews | hace 3h 27min
Indonesia Bourse May Set Fresh Record High

Indonesia Bourse May Set Fresh Record High

The Indonesia stock market bounced higher again on Friday, one day after halting the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,050-point plateau and it may see additional support on Monday.
RTTNews | hace 3h 57min
Additional Support Tipped For Hong Kong Stocks

Additional Support Tipped For Hong Kong Stocks

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau and it may add to its winnings on Monday.
RTTNews | hace 4h 12min