Sensex, Nifty Poised For Higher Opening In Cautious Trade

RTTNews | hace 859
Sensex, Nifty Poised For Higher Opening In Cautious Trade

(RTTNews) - Indian shares are seen opening higher on Friday after Adani Group entities reportedly made scheduled coupon payments on outstanding U.S. dollar-denominated bonds and the Group clarified that it hasn't pledged any share of Ambuja Cements and its subsidiary ACC to finance the acquisition of the two assets.

Additionally, media reports suggest that the Group's founder-chairman is in talks with lenders to release some stock that was pledged as collateral.

Benchmark indexes Sensex and Nifty ended a highly volatile session narrowly mixed on Thursday despite positive global cues. The rupee fell by 40 paise to close at 82.20 against the dollar, weighed down by foreign fund outflows.

The rupee is expected to be far less under pressure in 2023 than it was in 2022 as a result of an expected global economic slowdown, a potentially weaker dollar and lower commodity prices, India's chief economic adviser V Anantha Nageswaran told Reuters in an interview.

Separately, Union Railway Minister Ashwini Vaishnaw said that India's economy can withstand the stock rout caused by allegations against Adani Group.

Asian markets traded mixed, with Chinese and Hong Kong stocks declining after tech giants Apple, Amazon and Alphabet posted disappointing financial results. The dollar regained its strength while gold and oil prices were little changed in Asian trading. U.S. markets ended broadly higher overnight as lower Treasury yields on the back of dovish comments from Fed Chair Powell and upbeat earnings from Facebook parent Meta Platforms boosted tech stocks.

In economic releases, a surprise decline in weekly jobless claims, increased productivity in the fourth quarter and higher unit labor costs raised cautious optimism that the economy could skirt a recession.

The tech-heavy Nasdaq composite soared 3.3 percent to reach a near five-month closing high and the S&P 500 jumped 1.5 percent while the Dow edged down 0.1 percent.

European stocks advanced on Thursday amid hopes that the global rate hiking cycle would end soon.

The pan European STOXX 600 jumped 1.4 percent as the ECB's comments didn't provide any new hawkish surprises and the Bank of England softened its stance on future tightening.

The German DAX rallied 2.2 percent, France's CAC 40 index gained 1.3 percent and the U.K.'s FTSE 100 added 0.8 percent.

read more
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | hace 34 minutos
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | hace 1h 2min
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | hace 4h 43min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | hace 5h 45min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | hace 6h 9min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | hace 6h 38min
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | hace 7h 9min