Sensex, Nifty Give Up Gains To End Marginally Lower

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Sensex, Nifty Give Up Gains To End Marginally Lower

(RTTNews) - Indian shares gave up early gains to end marginally lower on Tuesday as geopolitical tensions persisted and two more Federal Reserve officials have warned that it's premature to consider cutting interest rates.

Geopolitical tensions were back in focus after Hamas rejected Israel's latest ceasefire proposal made at talks in Cairo and Benjamin Netanyahu said Israel had set a date for a ground offensive in Rafah - which he has long been warned against.

Doubts crept in about a possible Fed rate cut this year, following hawkish commentary from Chicago Fed President Austan Goolsbee and his Minneapolis counterpart Neel Kashkari.

However, former Federal Reserve Bank of St. Louis President James Bullard said in an interview with Bloomberg TV that he's expecting three interest-rate cuts this year and that's the base case.

U.S. inflation data and the release of Fed meeting minutes this week are expected to provide additional clues on the Fed's rate trajectory.

Investors also looked ahead to domestic and U.S. bank earnings for directional cues. The benchmark S&P BSE Sensex gave up early gains to end the session down 58.80 points, or 0.08 percent, at 74,683.70.

The broader NSE Nifty index finished down 23.55 points, or 0.1 percent, at 22,642.75, after having closed at a record high on Monday.

Asian Paints, Reliance Industries, Coal India, Hero MotoCorp and Titan Company dropped 1-2 percent while ICICI Bank, Hindalco and Apollo Hospitals Enterprise rallied 2-3 percent.

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Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 1h 18minuter sedan
Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
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Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
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Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | 2h 58minuter sedan
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
RTTNews | 2h 59minuter sedan
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.
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