Sensex, Nifty Seen Lower At Open

RTTNews | 230 days ago

(RTTNews) - Indian shares may open on a sluggish note Thursday amid continued selling by foreign portfolio investors and anxiety ahead of the upcoming Budget.

Analysts say that expected policy changes under U.S. President Trump, including higher tariffs and a shift towards fossil fuels, could hinder solar demand growth and impact Indian exporters.

Meanwhile, around 60 companies are set to announce their Q3 earnings today. Prominent among them include Adani Green Energy, Hindustan Petroleum Corporation, United Spirits, Dr Reddy's Laboratories and UltraTech Cement.

FMCG major Hindustan Unilever's third-quarter profit rose 18.9 percent year-on-year, beating analysts' estimates. BPCL's Q3 profit came in short of expectations due to lower margins.

Benchmark indexes Sensex and Nifty rose 0.8 percent and 0.6 percent, respectively on Wednesday, with IT stocks and HDFC Bank leading the surge.

Asian stocks traded mixed this morning, with China's Shanghai Composite rising more than 1 percent after multiple Chinese government departments rolled out medium- and long-term investment plan with clear measures to boost capital market confidence.

The dollar steadied against its major peers, while gold and oil prices were marginally lower ahead of a spate of central bank decisions due over the next week.

The yen was little changed amid expectations the Bank of Japan will raise interest rates at the end of a two-day policy meeting on Friday.

U.S. stocks rose overnight, pushing Wall Street close to record territory, buoyed by Netflix's robust quarterly results, Fed rate-cut optimism and President Trump's new initiative on artificial intelligence.

The Dow edged up by 0.3 percent, the S&P 500 gained 0.6 percent and the tech-heavy Nasdaq Composite rallied 1.3 percent.

European stocks rose broadly on Wednesday as expectations for Fed and ECB rate cuts offset concerns about Trump's tariff threats.

The pan European STOXX 600 gained 0.4 percent to close at a near four-month high. The German DAX climbed 1 percent to close at a record high as Adidas reported strong holiday-quarter results.

France's CAC 40 surged 0.9 percent while the U.K.'s FTSE 100 finished marginally lower.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 50 minutes ago

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 3h 39min ago

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 4h 8min ago

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 7h 22min ago

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 7h 44min ago

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 9h 3min ago

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 9h 12min ago

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 9h 45min ago

EURUSD	1.16968	GBPUSD	1.35274	AUDUSD	0.66112
USDJPY	147.369	USDCAD	1.38608	USDCHF	0.79876