Sensex, Nifty To Drift Lower At Open On Weak Global Cues; F&O Expiry Eyed

RTTNews | 852 dias atrás

(RTTNews) - Indian shares may open lower on Thursday, tracking weak cues from global markets. Falling oil prices and the passage of a Republican plan to raise the debt ceiling by the U.S. House of Representatives may offer some respite for investors worried about elevated inflation and the possibility of further monetary policy tightening.

Trading may turn volatile later in the day due to the expiry of April month derivative contracts.

ACC, Axis Bank, Bajaj FinServ, Hindustan Unilever, LTI Mindtree, Tech Mahindra and Wipro are among the prominent companies due to report their earnings results today.

Benchmark indexes Sensex and Nifty recovered from an early slide to close up around 0.3 percent each on Wednesday while the rupee gained 21 paise to close at 81.74 against the dollar.

Asian markets traded lower for a fifth day running as investors await U.S. GDP data later in the day for hints on when the Federal Reserve might consider pausing interest rate rises.

Gold inched up on dollar weakness, with the euro holding near a one-year high versus the greenback.

Oil prices edged up slightly after dropping by almost 4 percent in the U.S. trading session overnight on recession fears and signs of increased Russian oil exports.

U.S. stocks ended mixed overnight while the dollar dipped, as investors weighed upbeat tech earnings against ongoing turmoil in the regional banking sector and congressional wrangling over raising the federal debt ceiling.

New data showed that orders for core capital goods fell more than expected in March, adding to recession worries.

The tech-heavy Nasdaq Composite bounced off its lowest closing level in almost a month to close half a percent higher, while the Dow dropped 0.7 percent and the S&P 500 shed 0.4 percent.

European stocks closed Wednesday's session lower amid lingering concerns about high interest rates and a potential U.S. recession later this year.

The pan European STOXX 600 declined 0.8 percent. The German DAX and the U.K.'s FTSE 100 both fell by half a percent while France's CAC 40 index gave up 0.9 percent.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 19 minutos atrás

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 40 minutos atrás

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1 h 10 min atrás

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 | 1 h 51 min 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 | 2 h 18 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 | 2 h 21 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 | 2 h 36 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 | 2 h 38 min atrás

EURUSD	1.16289	GBPUSD	1.34551	AUDUSD	0.64746
USDJPY	147.711	USDCAD	1.38571	USDCHF	0.80547