Sensex, Nifty Seen Up As Wall Street Extends Rally

RTTNews | 846 hari yang lalu
Sensex, Nifty Seen Up As Wall Street Extends Rally

(RTTNews) - Indian shares are likely to open higher Tuesday on the back of firm global cues and Axis Bank's upbeat earnings results for the December quarter. The private sector lender reported a 62 percent jump in quarterly profit despite a rise in provisions.

That said, volatility cannot be ruled out ahead of a public holiday on Thursday and the impending F&O expiry.

Benchmark indexes Sensex and Nifty ended Monday's session modestly higher while the rupee fell from a near two-month high to close 21 paise lower at 81.38 against the dollar.

Asian markets were seeing modest gains in thin holiday trade amid bets for less-aggressive rate hikes from the Federal Reserve.

Oil and gold prices were flat to slightly higher as investors awaited more U.S. data this week for additional clues on the rate outlook.

U.S. stocks jumped overnight to extend big gains from Friday as investors reacted to a stream of corporate news and earnings results.

The tech-heavy Nasdaq Composite climbed 2 percent and the S&P 500 rose 1.2 percent to reach their best closing levels in over a month while the Dow added 0.8 percent.

European stocks eked out modest gains on Monday amid hopes that inflation could be past its peak.

The pan European STOXX 600 advanced half a percent. The German DAX and France's CAC 40 index both gained around half a percent while the U.K.'s FTSE 100 edged up 0.2 percent.

read more
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
RTTNews | 18 minit yang lalu
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | 44 minit yang lalu
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 3j 5min yang lalu
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 4j 38min yang lalu