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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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Singapore Stock Market May Spin Its Wheels On Wednesday
The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.
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Pred 21 minútami
Malaysia Bourse May Hand Back Tuesday's Gains
The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau and it's likely to remain rangebound again on Wednesday.
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Pred 51 minútami
Japan Shares May Turn Lower Again On Wednesday
The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.
RTTNews
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Pred 1 h 6 min
South Korea Shares May Be Stuck In Neutral
The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.
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Pred 1 h 21 min
New Zealand Unemployment Data Due On Wednesday
New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
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Pred 2 h 21 min
U.S. Dollar Declines Amid Soft ISM PMI Data
The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.
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Pred 3 h 1 min
TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes
The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.
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Pred 6 h 20 min
Swiss Market Ends Modestly Higher
The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
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Pred 6 h 54 min
