Indian Shares Likely To Open On Subdued Note

RTTNews | 889 dias atrás
Indian Shares Likely To Open On Subdued Note

(RTTNews) - Indian shares are likely to open on a somewhat subdued note Tuesday morning amid a lack of any significantly positive lead.

Asian stocks are broadly lower today, continuing to be weighed down by concerns about the slowdown in the world's second largest economy.

The benchmark S&P/BSE Sensex closed at a new record high at 66,589.93 on Monday, gaining 529.03 points or 0.8%. The broader Nifty50 of the National Stock Exchange posted a new closing high as well, settling at 19,711.45 with a gain of 146.95 points or 0.75%.

Stocks rallied on sustained foreign fund inflows on the back of a weaker dollar amid hopes the Fed is nearing the end of its tightening cycle.

In earnings news today, MindTree reported consolidated net profit of Rs 1,151.50 crore for the April - June quarter, an increase of 4% over the year-ago quarter.

IndusInd Bank, ICICI Pru Life and L&T Tech are among the companies scheduled to announce their quarterly results today.

U.S. stocks closed higher overnight as encouraging inflation data added to optimism about the outlook for interest rates ahead of next week's Federal Reserve meeting.

The Dow ended 0.2% up, while the S&P 500 and the Nasdaq climbed 0.4% and 0.9%, respectively. The Nasdaq and the S&P 500, both recorded their best closing levels in over a year.

The major European markets closed weak on Monday, weighed down by weak Chinese GDP data. The U.K.'s FTSE 100 and Germany's DAX ended lower by 0.38% and 0.23%, respectively. France's CAC 40 dropped 1.12%, while the pan European Stoxx 600 drifted down 0.63%.

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Malaysia Shares May Open To The Upside Again On Tuesday

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 1 h 15 min atrás
Japan Stock Market May Add To Its Winnings On Tuesday

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.
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Additional Support Called For South Korea Shares

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 1 h 45 min atrás
RBA Minutes Due On Tuesday

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 2 h 15 min atrás
Swiss Markets Ends Marginally Down

Swiss Markets Ends Marginally Down

The Swiss market ended slightly down on Monday after languishing in negative territory righ through the day's trading session, as traders largely stayed on the sidelines ahead of Christmas holidays.
RTTNews | 5 h 50 min atrás