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.

Canadian Dollar Rises Against U.S. Dollar

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

RTTNews | 1ч 31мин 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 | 2ч 7мин 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 | 2ч 12мин 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 | 2ч 22мин 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 | 2ч 32мин назад

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again 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 | 2ч 52мин назад

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3ч 22мин назад

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again 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 | 3ч 52мин назад

EURUSD	1.17749	GBPUSD	1.34803	AUDUSD	0.66672
USDJPY	156.4	USDCAD	1.37375	USDCHF	0.79028