Sensex, Nifty Set To Open Lower On US Inflation Concerns

RTTNews | 1163 дней спустя

(RTTNews) - Indian shares look set to open notably lower on Monday as investors react to weak global cues, HDFC Bank earnings and the government's decision to hike windfall gain tax on domestically produced crude oil.

HDFC Bank on Saturday reported a 22.3 percent in its consolidated net profit for the September quarter because of healthy growth in net interest income and a decline in loan loss provisions.

Prominent companies that will unveil their earnings results this week include, ACC, Asian Paints, Axis Bank, Bajaj Finance, Bajaj FinServ, HDFC Asset Management Company, Hindustan Unilever, ICICI Bank, IndusInd Bank, ITC, JSW Steel, Kotak Mahindra Bank, Nestle India, Reliance Industries, SBI Life, Tata Consumer Products and UltraTech Cement.

The Central government has raised the windfall tax on crude oil by about 37 percent to Rs. 11,000 per ton as part of the fortnightly revision in the rate.

Asian markets were broadly lower this morning, while oil and gold prices traded higher on a softer dollar after Chinese President Xi Jinping pledged to continue accommodative policies for the economy.

U.S. stocks slumped Friday and bond yields spiked after a closely watched survey showed inflation expectations were increasing, adding to worries around the Fed's policy tightening.

Investors also reacted to a mixed bag of earnings results from large banks and the unchanged reading in retail sales last month.

The tech-heavy Nasdaq Composite lost 3.1 percent to hit its lowest closing level in over two years while the Dow gave up 1.3 percent and the S&P 500 shed 2.4 percent.

European stocks closed higher on Friday after the British government announced a U-turn on certain elements of its controversial fiscal policies.

The pan European Stoxx 600 gained 0.6 percent. The German DAX rose 0.7 percent, France's CAC 40 index added 0.9 percent and the U.K.'s FTSE 100 inched up 0.1 percent.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 2ч 55мин назад

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 3ч 3мин назад

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 3ч 7мин назад

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 4ч 28мин назад

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 5ч 4мин назад

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 5ч 10мин назад

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 5ч 19мин назад

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 5ч 29мин назад

EURUSD	1.17788	GBPUSD	1.34915	AUDUSD	0.66681
USDJPY	155.952	USDCAD	1.37362	USDCHF	0.78929