Sensex, Nifty Seen Opening Lower After Strong Rally

RTTNews | 1147 дней спустя

(RTTNews) - Indian shares look set to open a tad lower on Wednesday following the previous session's strong rally.

Risk-off sentiment prevails in financial markets, with the dollar and Treasury yields firming up amid expectations that the U.S. Federal Reserve will deliver another 75-bsis point interest-rate hike in July, followed by a half-percentage-point rise in September.

Benchmark indexes Sensex and the Nifty jumped around 1.8 percent and 1.9 percent respectively on Tuesday to extend gains for a second straight session, while the rupee settled at a new record low of 78.08 against the dollar.

Asian markets traded mostly lower in cautious trade this morning as investors awaited Fed Chair Jerome Powell's key testimony before the congress.

Oil prices fell more than 3 percent in Asian trade amid a push by U.S. President Joe Biden to bring down soaring fuel costs.

To curtail rising gas prices, Biden is expected to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline.

U.S. stocks rebounded on Tuesday as traders returned to their desks after a long holiday weekend.

The S&P 500 added 2.5 percent following the worst week since March 2020 and the Dow climbed 2.2 percent to post its best single-day gain since May 4 while the tech-heavy Nasdaq Composite surged 2.5 percent.

European stocks also rose on Tuesday despite growing worries about ebbing global growth.

The pan-European Stoxx 600 inched up 0.4 percent after hitting a more than one-year low last week. The German DAX edged up 0.2 percent, France's CAC 40 index gained 0.8 percent and the U.K.'s FTSE 100 rose 0.4 percent.

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday despite mixed cues from global markets.

RTTNews | 56 минут назад

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 1ч 43мин назад

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 2ч 21мин назад

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 2ч 53мин назад

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 3ч 47мин назад

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3ч 55мин назад

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 4ч 10мин назад

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 4ч 17мин назад

EURUSD	1.16182	GBPUSD	1.34288	AUDUSD	0.64979
USDJPY	148.336	USDCAD	1.37789	USDCHF	0.81096