Sensex, Nifty Seen Marginally Higher At Open Before Election Results

RTTNews | hace 448

(RTTNews) - Indian shares are seen opening flat to slightly higher on Tuesday as investors await results of the country's general election. Vote counting begins at 8 am and a clear trend should emerge by noon.

A summary of exit polls project the NDA could win between 355 and 380 seats in the 543-member lower house of parliament.

Benchmark indexes Sensex and Nifty jumped over 3 percent each on Monday to hit new record highs after many exit polls predicted a clean sweep for the BJP-led NDA in the Lok Sabha Elections 2024.

The rupee closed up nearly 0.4 percent at 83.1425 against the U.S. dollar, logging its best intraday percentage gain in more than five months after domestic GDP growth data for the fourth quarter of FY24 surpassed all expectations.

Asian markets traded slightly lower this morning and gold edged lower while the dollar languished at its lowest since April against the euro and sterling.

Oil extended losses after having fallen more than 3 percent to a 4-month low on Monday, weighed down by an announcement by OPEC+ that the group will begin phasing out voluntary production cuts over the next one year.

U.S. stocks ended mixed overnight, Treasury yields dipped, and the dollar hit a three-week low as soft factory activity and construction spending data added to signs the U.S. economy is gradually slowing down.

The tech-heavy Nasdaq Composite gained 0.6 percent as Nvidia announced its next generation of Artificial Intelligence chips. The S&P 500 inched up 0.1 percent while the Dow dipped 0.3 percent.

European stocks ended broadly higher on Monday amid bets that the ECB will deliver its first interest-rate cut of the cycle on Thursday.

The pan European STOXX 600 edged up 0.3 percent. The German DAX rose 0.6 percent and France's CAC 40 finished marginally higher while the U.K.'s FTSE 100 slipped 0.2 percent.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | hace 37 minutos

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | hace 1h 51min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious 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. Asian markets closed mostly higher on Monday.

RTTNews | hace 2h 12min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | hace 2h 43min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 3h 23min

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 3h 50min

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 3h 53min

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 4h 8min

EURUSD	1.16298	GBPUSD	1.3454	AUDUSD	0.64791
USDJPY	147.852	USDCAD	1.3855	USDCHF	0.80573