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Sensex, Nifty Edge Higher In Early Trade; Banks Decline
Indian shares were seeing marginal gains on Wednesday, tracking muted cues from global markets.
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Sensex, Nifty Set For Lackluster Open On Muted Global Cues
Indian shares are seen opening on a flat note Wednesday amid mixed catalysts. Global cues remain muted while oil prices were subdued ahead of this weekend's OPEC+ meeting.
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Asian Shares Muted In Lackluster Trade On China Worries
Asian stocks traded mostly lower on Wednesday as investors reacted to the hawkish FOMC minutes and Nvidia's earnings results released after the U.S. closing bell.
The U.S. chip giant posted better-than-expected fiscal third-quarter results, but warned export restrictions on China would weigh on its fiscal fourth quarter.
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Soft Start Anticipated For Thai Stock Market
The Thai stock market has moved higher in five straight sessions, advancing more than 35 points or 2.4 percent in that span. The Stock Exchange of Thailand now rests just beneath the 1,425-point plateau although it's due for consolidation on Wednesday.
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Lower Open Predicted For Indonesia Stock Market
The Indonesia stock market on Tuesday ended the two-day winning streak in which it had picked up more than 35 points or 0.5 percent. The Jakarta Composite Index now sits just above the 6,960-point plateau and it's expected to open in the red again on Wednesday.
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Hong Kong Shares Expected To Open Under Pressure
The Hong Kong stock market turned lower again on Tuesday, one session after snapping the two-day slide in which it had tumbled more than 620 points or 3.5 percent. The Hang Seng Index now rests just above the 17,730-point plateau and it may take further damage on Wednesday.
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China Bourse May Extend Tuesday's Losses
The China stock market on Tuesday snapped the two-day winning streak in which it had gathered almost 20 points or 0.6 percent. The Shanghai Composite Index now rests just beneath the 3,070-point plateau and the losses may accelerate on Wednesday.
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Taiwan Stock Market Overdue For Consolidation On Wednesday
The Taiwan stock market has moved higher in seven straight sessions, improving almost 750 points or 4.5 percent along the way. The Taiwan Stock Exchange now sits just above the 17,410-point plateau although investors figure to cash in on Wednesday.
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Singapore GDP Climbs 1.4% In Q3
Singapore's gross domestic product expanded a seasonally adjusted 1.4 percent on quarter in the third quarter of 2023, the Ministry of Trade and Industry said on Wednesday.
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Singapore Bourse May Extend Losing Streak
The Singapore stock market has moved lower in three straight sessions, sinking more than 35 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 3,100-point plateau and it may take further damage again on Wednesday.
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Renewed Selling Pressure Expected For Malaysia Shares
The Malaysia stock market on Tuesday snapped the three-day losing streak in which it had fallen almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,460-point plateau although it's likely to head south again on Wednesday.
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Rally May Stall For South Korea Stock Market
The South Korea stock market has moved higher in two straight sessions, gathering more than 40 points or 1.7 percent along the way. The KOSPI now sits just above the 2,510-point plateau although it may run out of steam on Wednesday.
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Singapore GDP Data Due On Wednesday
Singapore will on Wednesday release Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
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