Sensex, Nifty Seen Tad Higher After Tuesday's Selloff

RTTNews | il y a 580
Sensex, Nifty Seen Tad Higher After Tuesday's Selloff

(RTTNews) - Indian shares may open a tad higher on Wednesday after a sharp sell-off in the previous session, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the U.S. and heightened geopolitical tensions in the Middle East.

Investors are also trimming positions in the banking sector on concerns about HDFC Bank's profitability.

Benchmark indexes Sensex and Nifty slumped around 1.5 percent each on Tuesday despite positive cues from global markets. The rupee fell by 9 paise to close at 83.16 against the dollar.

Asian markets traded mixed this morning, gold dipped slightly, and the dollar held at a six-week high while oil extended declines from the previous session on uncertainty about the outlook for global oil demand.

U.S. stocks fluctuated before ending mixed overnight, the dollar index climbed to a six-week high and Treasury yields rose, as investors reacted to a slew of earnings from several big-name companies and waited for key growth and inflation data due later in the week for clues on when the Fed will cut interest rates.

The S&P 500 rose 0.3 percent to reach a new record closing high and the tech-heavy Nasdaq Composite added 0.4 percent while the Dow slipped 0.3 percent.

European stocks retreated on Tuesday as investors waited for cues from the upcoming ECB meeting.

The pan European STOXX 600 eased 0.3 percent. The German DAX and France's CAC 40 both dipped around 0.3 percent while the U.K.'s FTSE 100 finished marginally lower.

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Japan Stock Market May Spin Its Wheels On Tuesday

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.
RTTNews | il y a 14 minutes
KOSPI May Run Out Of Steam On Tuesday

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 30 minutes
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | il y a 1h 30min
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | il y a 5h 28min
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
RTTNews | il y a 5h 48min
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
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