Sensex, Nifty Set To Follow Global Peers Higher

RTTNews | 983 hari yang lalu

(RTTNews) - Indian shares may follow global peers higher on Tuesday, though volatility is not ruled out ahead of F&O expiry and a holiday for markets on Thursday for Sri Ram Navami.

Oil & gas, airline, auto and paint manufacturing companies would be in focus after oil prices jumped nearly 5 percent overnight to record their biggest gains in months amid Russia's threat to station nuclear weapons in Belarus and the shutdown of the Iraq-Turkey pipeline at the request of the Turkish government.

Benchmark indexes Sensex and Nifty rose around 0.2 percent each on Monday while the rupee gained 9 paise to close at 82.31 against the dollar.

Asian stocks were broadly higher this morning, while oil prices fell slightly after rallying overnight on supply concerns.

The dollar extended declines for a second day running while gold edged up after falling around 1 percent on Monday.

U.S. stocks ended mixed overnight after reports of further government support for regional banks and the sale of SVB assets to First Citizens.

The Dow rose 0.6 percent and the S&P 500 inched up 0.2 percent while the tech-heavy Nasdaq Composite shed half a percent, as Treasury yields climbed on optimism that stress in the banking sector will be contained.

European stocks closed Monday's session higher as jitters in the banking sector eased and data signaled improvement in German business climate.

The pan European STOXX 600 climbed 1 percent. The German DAX rallied 1.1 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both rose about 0.9 percent.

Swiss Market Settles Modestly Higher

The Switzerland market shrugged off a sluggish start and stayed fairly steady right till the end of the session on Friday to finish modestly higher.

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Major European Markets Close On Mixed Note

Despite a fairly good spell in positive territory till noon, European stocks failed to sustain at higher levels and ended on a mixed note on Friday. Investors digested the economic data from the region as well from the U.S., and looked ahead to next week's monetary policy announcement from the Federal Reserve.

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Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November. Economists had expected the consumer sentiment index to rise to 52.0.

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EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA

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EU Secures TikTok's Commitments On Ad Transparency As Per DSA

The European Commission announced Friday that it has secured TikTok's commitment to provide advertising repositories that ensure full transparency around ads on its services, as required by the Digital Services Act. The agency launched the probe in February 2024 after it found the China-based ByteDance's video platform's algorithmic system may stimulate behavioral addictions.

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EURUSD	1.16414	GBPUSD	1.33298	AUDUSD	0.66375
USDJPY	155.313	USDCAD	1.38399	USDCHF	0.80451