Sensex, Nifty Seen Higher On US Tech Rally, Fed Comments

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Sensex, Nifty Seen Higher On US Tech Rally, Fed Comments

(RTTNews) - Indian shares look set to open higher on Monday as investors hope for less aggressive monetary tightening by the U.S. Federal Reserve.

Markets may see stock-specific action today as investors react to the latest earnings updates from Reliance Industries, ICICI Bank and Kotak Mahindra Bank.

Axis Bank, Bajaj Auto, Bajaj Finance, DLF, Maruti Suzuki India, Tata Motors and Vedanta are due to unveil their quarterly earnings results this week.

Volatility is set to remain high this week because of the Republic Day holiday on Thursday and the impending F&O expiry scheduled for Wednesday.

Asian stocks traded mixed in thin trade, with markets in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year celebrations.

Gold ticked higher on dollar weakness, while oil eased after hitting the highest level since mid-November Friday on optimism over increased demand from China.

U.S. stocks rose sharply on Friday, as streaming giant Netflix reported stronger than expected subscriber growth, Google parent Alphabet revealed a plan to cut 12,000 jobs globally and Fed officials Patrick Harker and Christopher Waller said they favor a 25-basis-point rate hike at the next meeting.

The tech-heavy Nasdaq Composite jumped 2.7 percent and the S&P 500 added 1.9 percent to mark its first gain in four days while the Dow gained 1 percent.

The German DAX rose 0.8 percent, France's CAC 40 index edged up 0.6 percent and the U.K.'s FTSE 100 inched up 0.3 percent.

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UK Economy Logs Marginal Growth

UK Economy Logs Marginal Growth

The UK economy logged only a marginal growth in third quarter as the cyber attack on Jaguar Land Rover hit production, official data revealed on Thursday. Gross domestic product grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion, the Office for National Statistics reported Thursday. Output was expected to advance 0.2 percent.
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CAC 40 Rises 0.5%; Bank, Luxury Stocks Shine

CAC 40 Rises 0.5%; Bank, Luxury Stocks Shine

France's CAC 40 rose to a record high Thursday morning as stocks climbed higher, reacting to U.S. President Donald Trump signing a bill to end the longest government shutdown in history. Expectations of an interest rate cut by the Federal Reserve next month contribute as well to market's positive move.
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DAX Retreats After Positive Start, Down Nearly 0.5%

DAX Retreats After Positive Start, Down Nearly 0.5%

German stocks are swinging between gains and losses in cautious trade on Thursday with investors digesting the news about U.S. President Donald Trump signing the short-term funding bill that brings an end to the government shutdown, and looking ahead to some key U.S. economic data.
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Eurozone Industrial Production Rises Less Than Forecast

Eurozone Industrial Production Rises Less Than Forecast

Eurozone industrial production recovered at a moderate pace in September largely driven by the rebound in energy output, official data showed on Thursday. Industrial production grew at a slower-than-expected pace of 0.2 percent in September from August, Eurostat revealed. Output was forecast to grow 0.7 percent, reversing a 1.1 percent fall in August.
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Sensex, Nifty Fail To Hold Early Gains, Settle Roughly Flat

Sensex, Nifty Fail To Hold Early Gains, Settle Roughly Flat

Despite a fairly strong spell in positive territory that lasted close to four hours, Indian equity benchmark Sensex and the Nifty50 settled just marginally up on Thursday as several stocks pared early gains due to a sell-off in the final hour of the day's trading session.
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Asian Markets Close Mostly Higher

Asian Markets Close Mostly Higher

Broadly positive sentiment prevailed in Asian markets tracking the positive sentiment created by the end of the longest-ever U.S. government shutdown.
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Euro Rises Amid Risk-On Mood

Euro Rises Amid Risk-On Mood

The euro strengthened against other major currencies in the pre-European session on Thursday as European shares traded higher, amid positive sentiment generated by the conclusion of the longest federal closure in U.S. history. An improved global risk sentiment and updates to earnings are seen swaying sentiment even as concerns about tech valuation lingered.
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