Sensex, Nifty End Choppy Session On Flat Note

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Sensex, Nifty End Choppy Session On Flat Note

(RTTNews) - Indian shares moved in a narrow range before closing on a flat note Friday.

A cautious undertone prevailed as investors awaited earnings results from heavyweights Reliance Industries and ICICI Bank for directional cues.

Global cues were muted, and the dollar rebounded as investors factored in the possibility of additional rate hikes by the Federal Reserve.

Philadelphia Fed President Patrick Harker said on Thursday that "some additional tightening may be needed to ensure policy is restrictive enough" to support the Fed's dual mandate of keeping both unemployment and inflation low.

Closer home, the fight against inflation is far from over and the latest pause in repo rate is tactical and not a pivot or a change in policy direction, according to this month's Monetary Policy Committee (MPC) meeting released on Thursday.

The benchmark S&P/BSE Sensex ended the session up 22.71 points, or 0.04 percent, at 59,655.06 while the broader NSE Nifty index ended little changed with a positive bias at 17,624.05.

Cipla, Wipro, Britannia Industries, TCS and ITC jumped 1-2 percent in the Nifty pack, while Tata Steel, SBI Life, Adani Enterprises, Tech Mahindra and HDFC Life lost 2-3 percent.

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Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | il y a 1h 35min
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | il y a 1h 53min
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | il y a 2h 5min
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
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Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | il y a 2h 20min
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | il y a 2h 35min
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
RTTNews | il y a 3h 5min
Singapore Stock Market Expected To Open In The Green

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
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