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Sensex, Nifty Open Lower As Traders Pare Rate Cut Bets
(RTTNews) - Indian shares opened slightly lower on Wednesday as upbeat U.S. economic data prompted traders to pare rate cut bets.
The benchmark S&P/BSE Sensex was down 110 points, or 0.1 percent, at 78,092 in early trade, tracking a firmer dollar and elevated bond yields in international markets.
The broader NSE Nifty index dropped 25 points, or 0.1 percent, to 23,683.
Tata Elxsi fell 2.1 percent as it entered into a strategic partnership with CSIR-National Aerospace Laboratories to drive innovations in air mobility.
Ola Electric Mobility shares were down 4 percent. Market regulator SEBI has issued a warning letter to the company for violation of disclosure norms.
Birlasoft declined 1.7 percent as CEO Roopinder Singh quit the company.
Tata Steel was marginally lower after reporting a 6.17 percent YoY rise in crude steel production for Q3FY25.
NTPC shed 0.6 percent after incorporating a new subsidiary to lead its nuclear energy ventures.
Jindal Worldwide jumped more than 5 percent after announcing a 4:1 bonus issue.
Tata Technologies rallied 2.2 percent after it joined hands with Telechips to advance their automotive technologies.
WPIL surged almost 5 percent after it acquired Italian pump major MISA.
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Rally May Stall For Indonesia Stock Market
The Indonesia stock market has moved higher in six straight sessions, gathering almost 230 points or 3.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau although investors figure to lock in gains on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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12 minutes ago
Australian Market Notably Higher
The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.
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21 minutes ago
Hong Kong Stock Market Tipped To Open In The Green
The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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27 minutes ago
China Stock Market May Add To Its Winnings
The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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42 minutes ago
Tech Shares May Give Taiwan Stocks A Lift
The Taiwan stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,610-point plateau although it's expected to bounce higher again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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1h 12min ago
Singapore Bourse Due For Consolidation On Tuesday
The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
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1h 42min ago
Mild Support Expected For Malaysia Stock Market
The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
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2h 12min ago
Japan Stock Market Poised To Snap Losing Streak
The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers.
For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02.
Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.
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2h 27min ago
