Sensex, Nifty Set For Weak Start As Tariff Worries Persist

RTTNews | 169 hari yang lalu

(RTTNews) - Indian shares look set for a muted start on Thursday due to prevailing uncertainty over U.S. President Donald Trump's trade policies and ongoing FII selling.

The downside, however, may remain limited after Nvidia forecast first-quarter revenue above market estimates. CEO Jensen Huang said demand for their Blackwell chips has been "amazing".

Indian markets were closed on Wednesday in observance of Mahashivratri. On Tuesday, benchmark indexes Sensex and Nifty ended on a flat note after a sharp decline over the last five trading sessions.

The rupee fell by 51 paise to close at 87.2 per U.S. dollar, marking its sharpest decline in three weeks, driven by importer hedging and dollar demand linked to the expiry of non-deliverable forward (NDF) contracts.

Foreign institutional investors were net sellers of shares worth Rs 3,529 crore on Tuesday, while domestic institutional investors were net buyers of shares worth approximately Rs 3,031 crore, as per provisional data.

Asian markets clung to modest gains this morning even as Chinese and Hong Kong stocks slipped into the red after sharp gains in the previous session.

The U.S. dollar strengthened past an 11-week low while oil and gold prices were little changed.

U.S. stocks ended mixed overnight after President Trump threatened to slap 25 percent tariff on imports from the European Union and indicated that the effective date of the levies on imports from Mexico and Canada could be pushed back from March 4th to April 2nd, the same day he purportedly plans to announce reciprocal tariffs on other U.S. trade partners.

The S&P 500 ended marginally higher and the tech-heavy Nasdaq Composite edged up by 0.3 percent to snap four-session losing streaks as chip stocks rebounded ahead of AI darling Nvidia's results. The narrower Dow dipped 0.4 percent after two straight days of slight gains.

European stocks closed at a record high on Wednesday after Ukraine and the U.S. agreed on draft minerals deal.

The pan European STOXX 600 jumped 1 percent. The German DAX rallied 1.7 percent, France's CAC 40 surged 1.2 percent and the U.K.'s FTSE 100 advanced 0.7 percent.

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 1j 50min yang lalu

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 2j 18min yang lalu

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 2j 36min yang lalu

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | 4j 14min yang lalu

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 4j 32min yang lalu

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 5j 1min yang lalu

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 5j 25min yang lalu

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | 5j 52min yang lalu

EURUSD	1.17015	GBPUSD	1.3555	AUDUSD	0.65078
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