Sensex, Nifty Set For Positive Start

RTTNews | 9 dias atrás
Sensex, Nifty Set For Positive Start

(RTTNews) - Indian shares may open on a positive note Wednesday as new data portrayed a healthy U.S. labor market despite increased risks from trade policy.

Investors also eagerly await the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.

Metal stocks could be in focus as U.S. President Donald Trump signed executive order doubling tariffs on imported steel and aluminum to 50 percent, citing national security risks and unfair pricing.

In another development, U.S. Treasury Secretary Scott Bessent said Beijing has a choice on whether or not to be a dependable partner with the rest of the world.

Bessent noted that the country needs to shift to a consumption-led economy to stabilize global economic imbalances.

He suggested that fiscal stimulus and a focus on consumer spending could stabilize China's economy, rather than exporting deflation and surplus products worldwide.

In another development, the Office of the U.S. Trade Representative has reportedly sent letters to trading partners to remind them of an upcoming deadline in tariff negotiations.

Benchmark indexes Sensex and Nifty fell around 0.8 percent and 0.7 percent, respectively on Tuesday to extend losses for a third straight session due to heightened geopolitical and trade tensions.

The rupee declined by 21 paise to close at 85.60 against the U.S. dollar, pressured by a stronger greenback and persistent foreign fund outflows.

Foreign Institutional Investors (FIIs) offloaded shares worth Rs. 2,854 crores on Tuesday while domestic Institutional Investors (DIIs) were net buyers to the extent of Rs. 5,908 crores, according to provisional data.

Asian markets were mostly higher this morning, the dollar weakened after rising in the previous session and gold edged up to trade near $3,370 per ounce levels while oil dipped slightly after gaining for two days.

U.S. stocks closed higher overnight after the release of better-than-expected JOLTs Job Openings report.

The tech-heavy Nasdaq Composite and the S&P 500 gained 0.8 percent and 0.6 percent, respectively to reach their best closing levels in over three months as investors awaited new developments on tariffs. The narrower Dow rose half a percent.

European stocks also advanced on Tuesday after data showed Eurozone inflation fell below the ECB's 2 percent target in May for the first time in seven months, boosting expectations for another interest rate cut this week.

The pan European STOXX 600 finished marginally lower. The German DAX climbed 0.7 percent, France's CAC 40 rose 0.3 percent and the U.K.'s FTSE 100 edged up by 0.2 percent.

read more
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 1 h 48 min atrás
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 2 h 3 min atrás
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 2 h 44 min atrás
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | 3 h 21 min atrás
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | 3 h 35 min atrás
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | 4 h 6 min atrás
DAX Drops Amid Middle East Tensions

DAX Drops Amid Middle East Tensions

The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange slipped more than a percent on Friday as the sharp escalation in the Middle East conflict rattled global markets.
RTTNews | 4 h 25 min atrás