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Sensex, Nifty Extend Gains Despite Weak Global Cues
(RTTNews) - Indian shares rose on Thursday to extend gains for a fifth day running despite weak cues from global markets.
Global sentiment was fragile as rising oil prices revived inflation fears and Boston Fed President Susan Collins warned that more policy tightening could be warranted.
Stronger-than-expected U.S. services sector data also fueled concerns that U.S. interest rates may stay higher for longer.
Despite global headwinds, the benchmark S&P BSE Sensex ended the session up 385.04 points, or 0.58 percent, at 66,265.56.
The broader NSE Nifty index settled 116 points, or 0.59 percent, higher at 19,727.05. Coal India shares jumped nearly 7 percent on heavy volumes while SBI, SBILife, IndusInd Bank and Larsen & Toubro climbed 2-4 percent.
Cochin Shipyard soared 20 percent to reach a record high on a strong business outlook.
On the flip side, Tata Consumer Products fell 2.3 percent after denying reports that it is in talks to acquire a majority 51 percent stake in the snack and sweet brand Haldiram.
Sun Pharma, Mahindra & Mahindra, Britannia Industries and ONGC all fell around 1 percent.
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Australian Market Doubles Early Gains In Mid-market
The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
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Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue
Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
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Thai Bourse May Extend Losing Streak
The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
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2 h 13 min atrás
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.
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2 h 35 min atrás
Lower Open Anticipated For Indonesia Stock Market
Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies.
For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64.
Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.
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2 h 43 min atrás
Hong Kong Shares Tipped To Open In The Red On Tuesday
The Hong Kong stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,180-point plateau although it may hand back those gains on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews
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2 h 58 min atrás
Australian Market Notably Higher
The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.
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3 h 3 min atrás
