Advertisement
Sensex, Nifty Shrug Off Early Setback, Settle Higher For 3rd Straight Day
(RTTNews) - After an early setback due to a sell-off in the technology sector following Accenture's weak revenue guidance, Indian shares recovered and stayed fairly steady on Friday to eventually end the day's session modestly higher.
Optimism about interest rate cuts by central banks continued to help underpin sentiment.
The BSE benchmark Sensex, which fell nearly 470 points to 72,172.09 in early trades, rallied to 73,115.62 before settling at 72,831.94 with a gain of 190.75 points or 0.26%. The broader Nifty50 index of the National Stock Exchange, which climbed to 22,180.70 from an early low of 21,883.30, ended with a gain of 84.80 points or 0.39% at 22,096.75.
Automobile, pharmaceuticals, realty, metal and PSU bank stocks posted strong gains, while technology stocks ended weak.
Hero MotoCorp gained nearly 4%. Maruti Suzuki rallied 3.3%, Bajaj Auto gained 2.35%, Eicher Motors climbed 1.8% and Tata Motors ended higher by about 1.5%. Mahindra & Mahindra ended modestly higher.
Among pharma stocks, Sun Pharmaceutical Industries gained 3.25%. Cipla, IPCA Laboratories, Dr Reddy's Laboratories and Biocon advanced 1 to 2%.
Metal stocks Welcorp, JSL, National Aluminium, Jindal Stel, Hindlco and Adani Enterprises gained 1 to 2%. JSW Steel, SAIL and Tata Steel also posted notable gains.
Among realty stocks, Prestige gained nearly 5%. Sobha, Brigade Enterprises and Lodha moved up by 4%, 3.3% and 2.8%, respectively.
PSU bank stocks Punjab & Sind Bank and Central Bank of India gained 4.5% and 2.25%, respectively. IOB, Bank of Baroda, Maharashtra Bank, PNB, Canara Bank, UCO Bank, Bank of India and Union Bank of India also ended notably
Technology stocks MindTree, Infosys, Wipro, HCL Technologies and Mphasis lost 2 to 3%. Tata Consultancy Services, Tech Mahindra and L&T Technology Services also declined sharply.
The market breadth was strong. On BSE, 2,430 stocks closed higher, and 1,375 stocks ended weak, while 101 stocks settled roughly flat.
read more
Higher Open Called For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, adding almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it may extend its winning streak again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The SET finished slightly higher on Monday following gains from the food, consumer, finance, industrial, property and service sectors.
For the day, the index was up 1.31 points or 0.10 percent to finish at 1,266.11 after trading between 1,264.79 and 1,276.15. Volume was 10.729 billion shares worth 54.546 billion baht. There were 278 gainers and 195 decliners, with 182 stocks finishing unchanged.
Among the actives, Advanced Info skidded 1.02 percent, while Thailand Airport tumbled 1.95 percent, Banpu fell 0.40 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical sank 0.95 percent, Bangkok Expressway soared 4.76 percent, B. Grimm retreated 1.54 percent, BTS Group rallied 4.24 percent, CP All Public jumped 1.58 percent, CP Axtra skyrocketed 14.14 percent, Charoen Pokphand Foods surged 4.44 percent, Energy Absolute stumbled 2.84 percent, Gulf plummeted 4.74 percent, Kasikornbank climbed 1.18 percent, Krung Thai Bank advanced 0.99 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail strengthened 1.39 percent, PTT improved 0.79 percent, PTT Global Chemical slumped 0.90 percent, SCG Packaging added 0.56 percent, Siam Commercial Bank shed 0.40 percent, Siam Concrete spiked 2.28 percent, TTB Bank skidded 1.05 percent and Asset World, True Corporation, PTT Exploration and Production and Thai Oil were unchanged.
RTTNews
|
il y a 34 minutes
Japanese Market Significantly Higher
The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,100 level to record all-time highs, after Prime Minister Shigeru Ishiba announced his resignation, with gains across most sectors led by exporters and technology stocks.
RTTNews
|
il y a 1h 3min
Indonesia Bourse Expected To Halt Its Slide On Tuesday
The Indonesia stock market has moved lower in two straight sessions, sinking almost 120 points or 1.8 percent in that span. The Jakarta Composite Index now rests just above the 7,765-point plateau although it may stop the bleeding on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The JCI finished sharply lower on Monday following losses from the finance, food and telecom stocks, while the resource companies were mixed.
For the day, the index tumbled 100.50 points or 1.28 percent to finish at 7,766.85 after trading between 7,766.85 and 7,934.99.
Among the actives, Bank CIMB Niaga dipped 0.29 percent, while Bank Mandiri tanked 4.06 percent, Bank Danamon Indonesia skidded 1.18 percent, Bank Negara Indonesia stumbled 4.35 percent, Bank Central Asia surrendered 3.75 percent, Bank Rakyat Indonesia retreated 2.50 percent, Indosat Ooredoo Hutchison declined 2.04 percent, Indofood Sukses Makmur slumped 1.33 percent, United Tractors surged 4.34 percent, Astra International tumbled 1.36 percent, Energi Mega Persada dropped 2.50 percent, Astra Agro Lestari shed 0.68 percent, Aneka Tambang soared 6.49 percent, Vale Indonesia eased 0.26 percent, Timah rallied 5.83 percent, Bumi Resources sank 3.57 percent and Indocement and Semen Indonesia were unchanged.
RTTNews
|
il y a 1h 4min
Hong Kong Shares Poised To Open To The Upside
The Hong Kong stock market has moved higher in consecutive trading days, climbing more than 675 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 25,630-point plateau and it may see mild upside again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The Hang Seng finished modestly higher on Monday following gains from the property stocks, technology companies and financial shares.
For the day, the index gained 215.93 points or 0.85 percent to finish at 25,633.91 after trading between 25,387.81 and 25,664.01.
Among the actives, Alibaba Group spiked 4.17 percent, while ANTA Sports climbed 0.85 percent, China Life Insurance sank 0.35 percent, China Mengniu Dairy and Nongfu Spring both shed 0.20 percent, China Resources Land improved 0.45 percent, CITIC surged 6.81 percent, CNOOC added 0.40 percent, CSPC Pharmaceutical accelerated 2.59 percent, Galaxy Entertainment advanced 0.58 percent, Hang Lung Properties gained 0.12 percent, Henderson Land increased 0.23 percent, Hong Kong & China Gas jumped 1.74 percent, Industrial and Commercial Bank of China collected 0.35 percent, JD.com strengthened 1.06 percent, Lenovo plunged 3.00 percent, Li Auto stumbled 1.02 percent, Li Ning rose 0.11 percent, Meituan slumped 0.97 percent, New World Development skyrocketed 17.40 percent, Techtronic Industries dipped 0.10 percent, Xiaomi Corporation rallied 2.05 percent, WuXi Biologics soared 5.52 percent and Haier Smart Home and Alibaba Health Info were unchanged.
RTTNews
|
il y a 1h 19min
Australian Market Modestly Lower
The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.
RTTNews
|
il y a 1h 30min
Additional Support Predicted For China Stock Market
The China stock market has finished higher in back-to-back sessions, gathering more than 60 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it has another firm lead for Tuesday's trade.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The SCI finished modestly higher on Monday as gains from the property and energy stocks were offset by weakness from the financial and resource sectors.
For the day, the index rose 14.33 points or 0.38 percent to finish at 3,826.84 after trading between 3,803.60 and 3,833.14. The Shenzhen Composite Index gained 21.57 points or 0.90 percent to end at 2,427.39.
Among the actives, Industrial and Commercial Bank of China shed 0.54 percent, while Bank of China dropped 0.91 percent, Agricultural Bank of China lost 0.55 percent, China Merchants Bank sank 0.77 percent, Bank of Communications retreated 1.24 percent, China Life Insurance slumped 0.87 percent, Jiangxi Copper tanked 2.93 percent, Aluminum Corp of China (Chalco) skidded 1.04 percent, Yankuang Energy jumped 1.62 percent, PetroChina eased 0.11 percent, China Petroleum and Chemical (Sinopec) dipped 0.18 percent, Huaneng Power rallied 2.52 percent, China Shenhua Energy slipped 0.29 percent, Gemdale soared 4.36 percent, Poly Developments rose 0.26 percent and China Vanke spiked 2.58 percent.
RTTNews
|
il y a 1h 34min
Taiwan Stock Market Expected To Open In The Green On Tuesday
The Taiwan stock market has tracked higher in four straight sessions, collecting more than 525 points or 2.1 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,550-point plateau and it's tipped to open to the upside again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The TSE finished modestly higher on Monday following mixed performances from the financial shares, technology stocks and plastics companies.
For the day, the index picked up 52.80 points or 0.22 percent to finish at 24,547.38 after trading between 24,526.14 and 24,729.96.
Among the actives, Mega Financial dropped 0.97 percent, while First Financial collected 0.68 percent, E Sun Financial tanked 2.04 percent, United Microelectronics Corporation advanced 0.97 percent, Hon Hai Precision sank 0.73 percent, Largan Precision fell 0.21 percent, Catcher Technology climbed 1.07 percent, MediaTek shed 0.35 percent, Novatek Microelectronics lost 0.34 percent, Formosa Plastics improved 0.93 percent, Nan Ya Plastics eased 0.13 percent, Asia Cement was down 0.27 percent and Cathay Financial, CTBC Financial, Fubon Financial, Taiwan Semiconductor Manufacturing Company and Delta Electronics were unchanged.
The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Monday but all finished with modest gains.
RTTNews
|
il y a 2h 4min
Singapore Stock Market May Add To Its Winnings On Tuesday
The Singapore stock market has moved higher in three straight sessions, gathering more than 20 points or 0.4 percent along the way. The Straits Times Index now sits just shy of the 4,310-point plateau and it's tipped to open in the green again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The STI finished barely higher on Monday following mixed performances from the financial shares, property stocks and industrial issues.
For the day, the index perked 1.44 points or 0.03 percent to finish at 4,308.52 after trading between 4,296.13 and 4,319.06.
Among the actives, CapitaLand Ascendas REIT and Frasers Logistics & Commercial Trust both strengthened 1.08 percent, while CapitaLand Integrated Commercial Trust rallied 1.33 percent, CapitaLand Investment added 0.72 percent, City Developments advanced 1.05 percent, Comfort DelGro jumped 1.36 percent, DBS Group collected 0.08 percent, DFI Retail Group sank 0.60 percent, Hongkong Land dropped 0.94 percent, Keppel DC REIT increased 0.86 percent, Keppel Ltd was up 0.12 percent, Mapletree Pan Asia Commercial Trust accelerated 1.44 percent, Mapletree Industrial Trust improved 0.96 percent, Mapletree Logistics Trust spiked 1.63 percent, Oversea-Chinese Banking Corporation eased 0.18 percent, SATS gained 0.61 percent, Seatrium Limited lost 0.42 percent, SembCorp Industries rose 0.49 percent, Singapore Technologies Engineering perked 0.25 percent, SingTel tumbled 1.37 percent, Thai Beverage climbed 1.06 percent, United Overseas Bank shed 0.53 percent, UOL Group gathered 0.27 percent, Wilmar International fell 0.34 percent, Yangzijiang Financial surged 3.81 percent, Yangzijiang Shipbuilding soared 2.26 percent and Genting Singapore was unchanged.
RTTNews
|
il y a 2h 34min
