Sensex, Nifty Likely To Open With Positive Bias

RTTNews | Pred 588 dňami

(RTTNews) - Higher GIFTY Nifty points to a positive start for Indian shares Monday morning. Geopolitical tensions amid an escalation in the Israel-Hamas war may weigh on sentiment.

Activity is likely to be stock specific with investors reacting to quarterly earnings updates.

ICICI Bank reported standalone profit of Rs 10,261 crore for the quarter ended September 30, 2023, a 35.7% jump compared to the profit in the year-ago quarter.

Yes Bank reported a 47% year-on-year increase in profit before tax at Rs 225 crore for the quarter ended September 2023.

RBL Bank's second-quarter net profit rose 46% to Rs 294 crore, and Central Bank of India's second-quarter net profit surged 90%. Kotak Mahindra Bank said its net profit increased 24% year-on-year in the second quarter.

JSW Energy reported an 83% jump in net profit at Rs 850 crore for the quarter ended September 20, 2023, compared to a year ago.

Indian shares fell for a third day running on Friday as global markets slumped on concerns over rising bond yields and escalating tensions in the Middle East.

The benchmark S&P BSE Sensex dropped 231.62 points, or 0.35%, to 65,397.62, extending losses for a third straight session reflecting weak global sentiment. The broader NSE Nifty index settled 82.05 points, or 0.42%, lower at 19,542.65.

On Wall Street, stocks moved sharply lower on Friday, pushing the Nasdaq and the S&P 500 to their lowest closing levels in well over four months. The continued weakness came amid ongoing concerns about the recent surge in treasury yields to sixteen-year highs.

The Nasdaq plunged 202.37 points or 1.5% to 12,983.81, the S&P 500 tumbled 53.84 points or 1.3% to 4,224.16 and the Dow slid 286.89 points or 0.9% to 33,127.28.

Asian markets are mostly lower today with investors largely making cautious moves ahead of inflation data from several countries across the region.

Pound Drops On Tariff Concerns

The pound fell against its major counterparts in the New York session on Monday, amid rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.

RTTNews | Pred 30 minútami

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.

RTTNews | Pred 2 h 35 min

Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns

European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.

RTTNews | Pred 3 h 1 min

Energy, Materials Stocks Shine As TSX Rises 0.5%

The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.

RTTNews | Pred 4 h 15 min

U.S. Construction Spending Unexpectedly Falls 0.4% In April

A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.

RTTNews | Pred 4 h 40 min

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.

RTTNews | Pred 5 h 23 min

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.

RTTNews | Pred 6 h 37 min

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.

RTTNews | Pred 6 h 52 min

EURUSD	1.14433	GBPUSD	1.35483	AUDUSD	0.64975
USDJPY	142.715	USDCAD	1.37067	USDCHF	0.81676

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Sensex, Nifty Likely To Open With Positive Bias