Sensex, Nifty Rally As Inflation Worries Ease

RTTNews | 1113 dias atrás

(RTTNews) - Indian shares rose notably on Monday, as robust U.S. jobs data helped ease recession fears and oil started the week on a sluggish note in reaction to mixed Chinese trade data.

Also helping underpin investor sentiment, the latest RBI survey of households showed that their median inflation perception moderated by 80 basis points to 9.3 percent in July.

Earlier in the day, customs data showed that Chinese exports grew 18 percent in July, sending trade surplus to a record high and easing concerns over waning global demand.

However, imports remained sluggish with a 2.3 percent increase year-on-year.

The benchmark S&P BSE Sensex jumped 465.14 points, or 0.80 percent, to 58,853.07, while the broader NSE Nifty index closed up 127.60 points, or 0.73 percent, at 17,525.10.

Mahindra & Mahindra rallied 3.2 percent on reporting a 67 percent rise in Q1 standalone net profit.

Hindalco, NTPC, Bajaj FinServ and Coal India all rose about 3 percent. Digital payments firm Paytm surged 6.5 percent after its parent firm One97 Communications posted an 89 percent surge in its quarterly revenue, helped by higher number of monthly users, additional payment devices and more disbursal of loans.

On the flip side, state-run oil marketing firm BPLC lost 3 percent after it logged a Rs. 6,148 crore in the first quarter ended June.

SBI gave up 2.1 percent after the country's biggest state-owned lender reported a 6.7 percent fall in Q1 net profit, missing the Street estimates by a wide margin due to a huge hit on the market value of the bank's government bond investments.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | 49 minutos atrás

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 1 h 17 min atrás

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start 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 | 1 h 19 min atrás

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 1 h 35 min atrás

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1 h 37 min atrás

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1 h 50 min atrás

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2 h 19 min atrás

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 | 2 h 49 min atrás

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