Indian Shares Likely To Open On Subdued Note

RTTNews | 724 days ago
Indian Shares Likely To Open On Subdued Note

(RTTNews) - Indian shares are likely to open on a somewhat subdued note Tuesday morning amid a lack of any significantly positive lead.

Asian stocks are broadly lower today, continuing to be weighed down by concerns about the slowdown in the world's second largest economy.

The benchmark S&P/BSE Sensex closed at a new record high at 66,589.93 on Monday, gaining 529.03 points or 0.8%. The broader Nifty50 of the National Stock Exchange posted a new closing high as well, settling at 19,711.45 with a gain of 146.95 points or 0.75%.

Stocks rallied on sustained foreign fund inflows on the back of a weaker dollar amid hopes the Fed is nearing the end of its tightening cycle.

In earnings news today, MindTree reported consolidated net profit of Rs 1,151.50 crore for the April - June quarter, an increase of 4% over the year-ago quarter.

IndusInd Bank, ICICI Pru Life and L&T Tech are among the companies scheduled to announce their quarterly results today.

U.S. stocks closed higher overnight as encouraging inflation data added to optimism about the outlook for interest rates ahead of next week's Federal Reserve meeting.

The Dow ended 0.2% up, while the S&P 500 and the Nasdaq climbed 0.4% and 0.9%, respectively. The Nasdaq and the S&P 500, both recorded their best closing levels in over a year.

The major European markets closed weak on Monday, weighed down by weak Chinese GDP data. The U.K.'s FTSE 100 and Germany's DAX ended lower by 0.38% and 0.23%, respectively. France's CAC 40 dropped 1.12%, while the pan European Stoxx 600 drifted down 0.63%.

read more
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 25 minutes ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 1h 14min ago
UK Economy Contracts For Second Straight Month

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 1h 44min ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 1h 52min ago