Sensex, Nifty Give Up Gains To End Marginally Lower

RTTNews | il y a 503

(RTTNews) - Indian shares gave up early gains to end marginally lower on Tuesday as geopolitical tensions persisted and two more Federal Reserve officials have warned that it's premature to consider cutting interest rates.

Geopolitical tensions were back in focus after Hamas rejected Israel's latest ceasefire proposal made at talks in Cairo and Benjamin Netanyahu said Israel had set a date for a ground offensive in Rafah - which he has long been warned against.

Doubts crept in about a possible Fed rate cut this year, following hawkish commentary from Chicago Fed President Austan Goolsbee and his Minneapolis counterpart Neel Kashkari.

However, former Federal Reserve Bank of St. Louis President James Bullard said in an interview with Bloomberg TV that he's expecting three interest-rate cuts this year and that's the base case.

U.S. inflation data and the release of Fed meeting minutes this week are expected to provide additional clues on the Fed's rate trajectory.

Investors also looked ahead to domestic and U.S. bank earnings for directional cues. The benchmark S&P BSE Sensex gave up early gains to end the session down 58.80 points, or 0.08 percent, at 74,683.70.

The broader NSE Nifty index finished down 23.55 points, or 0.1 percent, at 22,642.75, after having closed at a record high on Monday.

Asian Paints, Reliance Industries, Coal India, Hero MotoCorp and Titan Company dropped 1-2 percent while ICICI Bank, Hindalco and Apollo Hospitals Enterprise rallied 2-3 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 | il y a 35 minutes

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 | il y a 1h 48min

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 | il y a 2h 9min

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 | il y a 2h 40min

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 | il y a 3h 20min

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 | il y a 3h 48min

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 | il y a 3h 50min

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 | il y a 4h 5min

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