Sensex, Nifty Give Up Early Gains To End Narrowly Mixed

RTTNews | 504天前
Sensex, Nifty Give Up Early Gains To End Narrowly Mixed

(RTTNews) - Indian shares gave up early gains to end on a flat note Monday amid signs of escalating tensions in the Middle East.

Markets opened on a buoyant note earlier as Friday's data showing weak U.S. job growth and contraction in U.S. services sector activity for the first time since December 2022 spurred expectations for Fed rate cuts later in the year.

Higher levels attracted profit booking as talks of a Gaza ceasefire appeared to collapse and media reports suggested that Israel's armed forces have begun evacuating Palestinian civilians from Rafah ahead of a threatened assault on the southern Gazan city.

The benchmark S&P BSE Sensex ended the session up 17.39 points, or 0.02 percent, at 73,895.54, giving up most early gains as oil prices jumped around 1 percent after their biggest weekly drop since February.

Besides geopolitical tensions, oil prices were also supported by Saudi Arabia's efforts to keep the market tight.

Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, indicating anticipated strong demand during the summer.

The broader NSE Nifty index settled down 33.15 points, or 0.15 percent, at 22,442.70.

Titan Company shares plunged 7.1 percent after the consumer lifestyle firm reported weaker-than-expected Q4 results.

SBI, BPCL, Coal India and Adani Enterprises lost 3-4 percent.

Among the top gainers, FMCG giant Britannia Industries surged 6.6 percent after posting Q4 results in line with estimates.

Kotak Mahindra Bank rallied 5 percent after the private sector lender reported an 18 percent increase in Q4 net profit on healthy loan growth.

Mahindra & Mahindra, Hindustan Unilever and TCS all rose around 2 percent.

read more
European Shares Seen Mostly Lower In Cautious Trade

European Shares Seen Mostly Lower In Cautious Trade

European stocks are seen opening flat to slightly lower on Monday as investors react to the Trump administration's immigration crackdown on H-1B visas and shift focus to a slew of U.S. economic data as well as speeches by Fed Chair Jerome Powell and other Fed officials due this week for additional clues on the future path of interest rates.
RTTNews | 2小時34分鐘前
China Leaves Key Interest Rates Unchanged

China Leaves Key Interest Rates Unchanged

The People's Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
RTTNews | 2小時46分鐘前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | 4小時42分鐘前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | 5小時3分鐘前
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | 5小時39分鐘前
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
RTTNews | 5小時55分鐘前
Thai Stock Market Due For Support On Monday

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews | 6小時15分鐘前