Sensex, Nifty May Struggle In Directionless Trade

RTTNews | 159 days ago

(RTTNews) - Indian shares may struggle to find footing on Friday after recent string of gains and amid jitters in the run-up to an increase of U.S. tariffs that will come into force on April 2.

Dampening prospects of a concession, U.S. President Donald Trump said Thursday India will face reciprocal tariffs, a move likely to hurt India's exports of agricultural and pharmaceutical goods.

"I have a very good relationship with India, but the only problem I have with India is that they are one of the highest tariffing nations in the world. I believe they are probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us," Trump said in an interview with U.S.-based Breitbart News.

Domestic markets remain sensitive to sentiment shifts despite FIIs turning net buyers in Indian equities for the first time in months.

Benchmark indexes Sensex and Nifty jumped around 1.2 percent each on Thursday to extend gains for a fourth straight session, while the rupee gained 1 paise to close at 86.36 against the dollar.

Asian markets were muted this morning while the dollar stood tall, pushing gold prices lower.

Oil prices were set for a second weekly gain after the U.S. sanctioned a Chinese refinery for the first time, in a marked step-up of measures to curb supply from Iran.

Also, a new OPEC+ plan announced Thursday for seven members to cut output raised bets on tightening supply.

U.S. stocks fluctuated before closing modestly lower overnight on fears over President Trump's tariffs and signs of escalating geopolitical tensions, following reports of Israeli airstrikes on Gaza and a huge blast triggered by a Ukrainian drone attack on a Russian airfield.

Jobless claims held steady last week and there was an unexpected increase in existing home sales, helping calm concerns about an economic slowdown.

The tech-heavy Nasdaq Composite slipped 0.3 percent and the S&P 500 eased 0.2 percent while the narrower Dow ended little changed.

European stocks ended a four-day winning streak on Thursday as investors digested a slew of policy announcements from central banks, including the U.S. Federal Reserve and the Bank of England.

The pan European STOXX 600 dropped 0.4 percent. The German DAX lost 1.2 percent, France's CAC 40 fell 1 percent and the U.K.'s FTSE 100 finished marginally lower.

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 36 minutes ago

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 1h 6min ago

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 1h 21min ago

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 1h 36min ago

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2h 36min ago

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3h 48min ago

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 6h 10min ago

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 6h 27min ago

EURUSD	1.16373	GBPUSD	1.34746	AUDUSD	0.64941
USDJPY	147.445	USDCAD	1.38315	USDCHF	0.80388