Indian Shares Likely To Open On Positive Note

RTTNews | 830天前

(RTTNews) - Higher SGX Nifty and cues from Wall Street and Asian markets point to a positive start for Indian shares on Monday.

Asian stocks are broadly higher today, tracking positive cues from Wall Street, where stocks rallied on Friday on bargain hunting and strong results from Apple Inc.

Investors are also likely to react to a slew of earnings updates from Indian companies.

Coal India reported consolidated net profit of Rs 5,527.62 crore for the March quarter, down 17.7% from a year ago. Consolidated revenue for the quarter rose 17.3% year on year.

Piramal Enterprises Limited reported a net loss of Rs 196 crore in the January - March quarter as against a profit of Rs 151 crore a year ago.

Alembic Pharma reported a net profit of Rs 153 crore for the quarter ended March 2023, compare with Rs 22 crore in the year-ago quarter.

Adani Power reported consolidates net profit of Rs 5,242.48 crore in the fourth quarter of 2022-23, compared to Rs 4,645 crore a year ago.

Union Bank of India reported a net profit of Rs 2,812 crore for the quarter ended March 2023, compared to Rs 1,557 crore in the corresponding quarter of the previous year.

Bank of India reported a 123% jump in net profit at Rs 1,350 crore in the fourth quarter of financial year 2023, from Rs 606 crore in the fourth quarter of the previous financial year.

On Friday, Indian shares fell sharply, with banks and financials among top drags. Weak global cues weighed on sentiment as U.S. bank contagion fears resurfaced and investors awaited the all-important U.S. jobs data due tonight that could influence the Federal Reserve's monetary policy path.

The benchmark S&P/BSE Sensex ended the session down 694.96 points, or 1.13%, at 61,054.29 while the broader NSE Nifty index settled down 186.80 points, or 1.02%, at 18,069.

U.S. stocks ended sharply higher on Friday on bargain hunting and strong results from Apple Inc. The major averages all posted impressive gains. The Dow surged 1.7%, the S&P 500 climbed 2.3% and the Nasdaq advanced nearly 2%.

European stocks closed on a buoyant note on Friday, lifted by encouraging U.S. jobs data and slightly easing worries about banking sector woes.

Japan Shares May Tick Lower Again On Friday

The Japan stock market on Thursday snapped the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 42,650-point plateau and it may remain stuck in neutral on Friday.

RTTNews | 28分鐘前

New Zealand Manufacturing Sector Expands In July - BusinessNZ

The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.

RTTNews | 36分鐘前

Japan GDP Data Due On Friday

Japan will on Friday release preliminary Q2 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to rise 0.1 percent on quarter and 0.4 percent on year following the flat quarterly reading and the 0.2 percent contraction in the three months prior. Capex is seen higher by 0.5 percent on quarter, easing from 1.1 percent in Q1.

RTTNews | 1小時28分鐘前

U.S. Dollar Firms After Strong PPI Data

The U.S. dollar climbed against its major counterparts in the New York session on Thursday, following the release of hotter-than-expected producer inflation report for July.

RTTNews | 1小時38分鐘前

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.

RTTNews | 5小時42分鐘前

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | 6小時7分鐘前

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

RTTNews | 6小時23分鐘前

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 8小時51分鐘前

EURUSD	1.16495	GBPUSD	1.35275	AUDUSD	0.64986
USDJPY	147.809	USDCAD	1.38136	USDCHF	0.80767