Sensex, Nifty Seen Tad Higher At Open

RTTNews | il y a 21
Sensex, Nifty Seen Tad Higher At Open

(RTTNews) - Indian shares look set to open higher on Tuesday, though overall gains may remain capped ahead of a holiday for markets on Wednesday for Maharashtra Day.

Investors also await cuts from the Fed policy meeting and the release of latest U.S. jobs report this week for additional cues on the Fed's rate trajectory.

Meanwhile, India's GDP growth could surpass the central bank's 7 percent estimate for 2024-25, the National Council for Applied Economic Research (NCAER) said on Monday, citing the forecast of an above-normal monsoon this year as well as projected acceleration in both global growth and trade volumes.

Benchmark indexes Sensex and Nifty jumped 1.3 percent and 1 percent, respectively on Monday, with private sector banks leading the charge.

The rupee dropped 10 paise to settle at 83.48 against the dollar, pressured by month-end dollar demand from importers.

Asian stocks traded mostly higher this morning, with Japanese markets leading reginal gains.

The yen traded near its lowest level since 1990 against the dollar and gold edged down slightly while oil held its biggest drop in almost two weeks as hopes grew for a possible Gaza truce deal.

U.S. stocks eked out modest gains overnight to extend last week's gains as the Fed meeting loomed and Tesla said it had cleared its path to roll out self-driving software in China.

The Dow and the tech-heavy Nasdaq Composite both rose about 0.4 percent while the S&P 500 added 0.3 percent.

European stocks gave up early gains to end mixed on Monday. The pan European STOXX 600 finished marginally higher.

The German DAX slipped 0.2 percent and France's CAC 40 shed 0.3 percent while the U.K.'s FTSE 100 ended flat with a positive bias.

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Sensex, Nifty Marginally Lower In Early Trade

Sensex, Nifty Marginally Lower In Early Trade

Indian shares traded slightly lower on Tuesday amid elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
RTTNews | il y a 4h 45min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
RTTNews | il y a 5h 35min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

Adding the gains in the previous session, the Japanese stock market is slightly higher on Tuesday, with the Nikkei 225 moving above the 39,100 level, following the mixed cues from Wall Street overnight, with gains in some Index heavyweights and technology stocks.
RTTNews | il y a 6h 30min
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening flat to higher on Tuesday despite mixed global cues, elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
RTTNews | il y a 6h 32min
Thai Stock Market Called Higher On Tuesday

Thai Stock Market Called Higher On Tuesday

The Thai stock market on Monday ended the two-day winning streak in which it had picked up more than a dozen points or 0.9 percent. The Stock Exchange of Thailand now sits just beneath the 1,380-point plateau although it's expected to open to the upside on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside.
RTTNews | il y a 6h 55min
RBA Minutes: Inflation Slowing Less Than Expected

RBA Minutes: Inflation Slowing Less Than Expected

Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was slowing and that inflation was declining less than expected, minutes from the central bank's May 7 meeting revealed on Tuesday.
RTTNews | il y a 7h 4min
Indonesia Shares May Reverse Monday's Losses

Indonesia Shares May Reverse Monday's Losses

The Indonesia stock market on Monday snapped the three-day winning streak in which it had jumped more than 230 points or 3.3 percent. The Jakarta Composite Index now sits just beneath the 7,270-point plateau although it's expected to rebound on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside. The JCI finished modestly lower on Monday following losses from the financial shares and mixed performances from the cement and resource companies. For the day, the index sank 50.55 points or 0.69 percent to finish at 7,266.69 after trading between 7,243.01 and 7,374.55. Among the actives, Bank CIMB Niaga sank 0.80 percent, while Bank Mandiri plunged 3.80 percent, Bank Danamon Indonesia fell 0.37 percent, Bank Negara Indonesia plummeted 3.77 percent, Bank Central Asia tanked 2.82 percent, Bank Rakyat Indonesia stumbled 2.03 percent, Indosat Ooredoo Hutchison surrendered 3.48 percent, Indocement rose 0.36 percent, Semen Indonesia slumped 1.72 percent, Indofood Sukses Makmur climbed 1.22 percent, United Tractors accelerated 2.47 percent, Astra International retreated 1.25 percent, Energi Mega Persada soared 2.07 percent, Astra Agro Lestari strengthened 1.64 percent, Aneka Tambang rallied 2.16 percent, Vale Indonesia skyrocketed 7.52 percent, Timah lost 0.51 percent, Bumi Resources spiked 2.17 percent and Perusahaan Perseroan and Jasa Marga were unchanged.
RTTNews | il y a 7h 25min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is modestly lower on Tuesday after opening in the green, giving up some of the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,900 level, with weakness in iron ore miners and energy stocks are partially offset by gains in technology stocks.
RTTNews | il y a 7h 28min