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Sensex, Nifty Follow Global Peers Higher
(RTTNews) - Indian shares opened on a positive note Thursday after the U.S. Federal Reserve hiked interest rates by 75 basis points - the biggest since 1994 - to curb rising inflation, which is at a 40-year high.
Fed Chair Jerome Powell indicated that another 75 bps of 50 bps hike could come in the next FOMC meeting.
The benchmark S&P BSE Sensex was up 364 points, or 0.7 percent, at 52,905, giving up some early gains. The broader NSE Nifty index was up 100 points, or 0.6 percent, at 15,793.
ICICI Bank, Bajaj Finance, Reliance Industries, ITC and Maruti Suzuki India rose 1-2 percent in the Nifty pack while state-run utility Power Grid Corp dropped 1.5 percent. Hero MotoCorp, Bharti Airtel and ONGC were seeing modest losses.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews
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54 минут назад
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
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1ч 15мин назад
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown
Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
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1ч 51мин назад
Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
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2ч 7мин назад
Thai Stock Market Due For Support On Monday
The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews
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2ч 27мин назад
Indonesia Bourse May Set Fresh Record High
The Indonesia stock market bounced higher again on Friday, one day after halting the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,050-point plateau and it may see additional support on Monday.
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2ч 57мин назад
Additional Support Tipped For Hong Kong Stocks
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau and it may add to its winnings on Monday.
RTTNews
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3ч 12мин назад
China Shares May Halt Losing Streak
The China stock market has tracked lower in back-to-back sessions, sinking more than 55 points or 1.5 percent along the way. The Shanghai Composite Index now rests just above the 3,820-point plateau although it may find traction on Monday.
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3ч 27мин назад
