Sensex, Nifty Seen Lower On Wall Street Cues

RTTNews | 928 hari yang lalu

(RTTNews) - Indian shares are likely to open lower on Friday as uncertainty prevails about where U.S. interest rates are heading.

Adani Group stocks would be in focus after index provider MSCI cut the free-float designations of four securities of the group and Norway's sovereign wealth fund said it has sold its remaining stake in the group companies.

On the earnings front, LIC posted multi-fold growth in Q3 consolidated net profit and IRCTC reported a 22 percent rise in Q3 net profit, while Zomato's quarterly loss widened from last year.

Benchmark indexes Sensex and Nifty rose slightly on Thursday to extend gains for a second straight session, while the rupee settled flat at 82.54 against the dollar.

Asian markets traded mostly lower this morning as investors positioned for a protracted period of high U.S. interest rates.

The dollar was on the back foot as investors looked ahead to the release of U.S. inflation data next week for additional clues on the pace of rate hikes.

Gold traded flat and headed for a weekly loss while oil extended losses from the previous session.

U.S. stocks declined overnight as hawkish comments by some Federal Reserve officials and an inversion of the U.S. Treasury bond yield curve stoked recession fears.

The Dow shed 0.7 percent, the tech-heavy Nasdaq Composite lost 1 percent and the S&P 500 gave up 0.9 percent amid increased bets for the Fed to hike its policy rate to 6 percent by September.

European stocks closed higher for a third consecutive session on Thursday on the back of some encouraging earnings updates and data showing a slowdown in German inflation.

The pan European STOXX gained 0.6 percent. The German DAX rose 0.7 percent, France's CAC 40 index rallied 1 percent and the U.K.'s FTSE 100 edged up 0.3 percent.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 21 minit yang lalu

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 51 minit yang lalu

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1j 6min yang lalu

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1j 21min yang lalu