Sensex, Nifty Seen Slightly Higher As Investors Await Earnings

RTTNews | Pred 867 dňami
Sensex, Nifty Seen Slightly Higher As Investors Await Earnings

(RTTNews) - Indian shares look set to open on a positive note Wednesday, with firm global cues and optimism for strong quarterly earnings likely to aid investor sentiment.

TCS will kickstart the Q4 earnings season today while Infosys will unveil its earnings on Thursday.

Adani Group stocks could be in focus after reports that LIC has increased its holding in four group companies in the March quarter.

Meanwhile, the Indian economy continues to perform well and remains one of the fastest growing in the world, a top official of the International Monetary Fund told PTI in an interview on Tuesday.

Benchmark indexes Sensex and Nifty rose around half a percent and 0.6 percent, respectively on Tuesday, with banks, auto and metal stocks leading the surge. The rupee fell by 13 paise to close at 82.12 against the dollar.

Asian stocks were mostly higher this morning as investors await U.S. inflation data to gauge near-term trajectory for interest rates.

The U.S. consumer price index (CPI) for March will be released later today followed by wholesale prices on Thursday.

The FOMC minutes and the quarterly statements of top U.S. firms also remain on investors' radar.

The dollar index dipped, and Treasury yields portrayed cautious optimism after Fed officials sounded divergent notes about the central bank's next policy move.

While Chicago Fed President Austan Goolsbee called for "prudence and patience" in the face of recent banking stress, New York Fed President John Williams said Tuesday that Fed officials still have more work to do to bring down prices.

Gold ticked higher while oil prices were little changed after rallying about 2 percent on Tuesday.

U.S. stocks ended mixed overnight after the International Monetary Fund cut its global growth forecast and warned it was too soon to sound the all-clear from the banking turmoil.

The S&P 500 finished marginally lower and the tech-heavy Nasdaq Composite dropped 0.4 percent, while the Dow gained 0.3 percent.

European stocks rose on Tuesday as traders returned to their desks following the long Easter holiday weekend.

The pan-European STOXX 600 climbed 0.6 percent as soft inflation data from China stoked optimism about additional stimulus.

The German DAX rose 0.4 percent, France's CAC 40 index climbed 0.9 percent and the U.K.'s FTSE 100 added 0.6 percent.

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Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | Pred 19 minútami
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | Pred 1 h 30 min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | Pred 1 h 57 min
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | Pred 2 h 0 min
Hong Kong Shares May Be Stuck In Neutral On Tuesday

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | Pred 2 h 15 min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
RTTNews | Pred 2 h 18 min
China Stock Market Due For Consolidation

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.
RTTNews | Pred 2 h 30 min