Sensex, Nifty Seen Tad Higher Amid Mixed Catalysts

RTTNews | 910 dias atrás
Sensex, Nifty Seen Tad Higher Amid Mixed Catalysts

(RTTNews) - Indian shares may open modestly higher on Thursday, as investors weigh strong global cues against rallying oil prices and signs of deceleration in India's GDP growth, dragged down mainly by the poor performance of manufacturing and mining sectors. GDP grew by 6.3 percent in the July to September quarter, down from explosive growth of 13.5 percent in the previous quarter, as per provisional estimates released by the National Statistics Office.

GDP had expanded by 8.4 percent in the corresponding quarter of 2021-22.

Benchmark indexes Sensex and Nifty jumped around 0.7 percent each on Wednesday to extend gains for a seventh straight session and reach fresh record highs on the back of firm global cues.

The rupee closed at 81.43 per U.S. dollar as against 81.72 per dollar the previous day, notching its first monthly gain this year amid the semi-annual rebalancing of the MSCI India index.

Asian markets traded higher this morning, as China reopening hopes and broad weakness in the dollar in the wake of Fed Chair Jerome Powell's dovish remarks in a speech helped improve risk sentiment. The dollar tumbled to a three-month low versus the Japanese yen while oil held steady after having climbed about 3 percent on Wednesday.

U.S. stocks rallied overnight and recorded their first back-to-back monthly gains since 2021 after Powell indicated the central bank might moderate the pace of rate increases as soon as December.

At the same time, Powell noted that restoring price stability will require holding policy at a restrictive level for some time until signs of progress emerge on inflation.

Economic data painted a mixed picture, with private payrolls growth slowing in November and third-quarter GDP growth revised up to 2.9 percent from 2.6 percent.

The Dow jumped 2.2 percent to hit a new seven-month closing high, while the tech-heavy Nasdaq Composite and the S&P 500 surged 4.4 percent and 3.1 percent, respectively to reach their best closing levels in over two months.

European stocks snapped a three-day losing streak on Wednesday as data showed eurozone inflation slowed more than expected in November.

The pan European STOXX 600 gained 0.6 percent. The German DAX edged up 0.3 percent, France's CAC 40 index climbed 1 percent and the U.K.'s FTSE 100 added 0.8 percent.

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Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous four sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 11 minutos atrás
Thai Shares May Take Further Damage On Thursday

Thai Shares May Take Further Damage On Thursday

The Thai stock market has tracked lower in two straight sessions, slipping almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,160-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 15 minutos atrás
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,260-point plateau and it's tipped to open under pressure again on Thursday.
RTTNews | 30 minutos atrás
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy, financial and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 41 minutos atrás
China Shares May Open Under Pressure On Thursday

China Shares May Open Under Pressure On Thursday

The China stock market has finished lower in five straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,340-point plateau and it may see continued consolidation on Thursday.
RTTNews | 45 minutos atrás
Renewed Selling Pressure Expected For Taiwan Shares

Renewed Selling Pressure Expected For Taiwan Shares

The Taiwan stock market on Wednesday ended the four-day losing streak in which it had given up more than 460 points or 2.2 percent. The Taiwan Stock Exchange now sits just above the 21,350-point plateau although it may head south again on Thursday.
RTTNews | 1h 15min atrás
Singapore Bourse May Run Out Of Steam On Thursday

Singapore Bourse May Run Out Of Steam On Thursday

The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday.
RTTNews | 1h 45min atrás
Losing Streak May Continue For Malaysia Stock Market

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.
RTTNews | 2h 15min atrás