Sensex, Nifty Seen Opening Up Amid Global Market Rally

RTTNews | 553 dagar sedan

(RTTNews) - Indian shares are seen opening on a positive note Friday, fueled by a global rally in equities powered by growth and technology stocks.

The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Thursday, which showed that members were cautious on inflation prints due to uncertainty in food prices.

Benchmark indexes Sensex and Nifty jumped around 0.7 percent each on Thursday while the rupee gained 13 paise to close at 82.83 against the dollar.

Asian markets were seeing modest gains in cautious trade this morning after data showed new home prices in 70 of China's major cities fell at a faster pace year-on-year in January.

The dollar dipped and gold ticked higher as Federal Reserve Governor Christopher Waller called for a cautious approach towards interest rate cuts, adding he expects reductions to begin later this year.

Oil was little changed and remained on course for a weekly loss on demand concerns.

U.S. stocks notched record highs overnight after artificial intelligence darling Nvidia reported better than expected fourth quarter results and provided upbeat revenue guidance.

In economic releases, weekly jobless claims unexpectedly fell last week while sales of previously owned homes rose in January, separate reports showed.

The Dow and the S&P 500 gained 1.2 percent and 2.1 percent, respectively to reach new record closing highs while the tech-heavy Nasdaq Composite jumped 3 percent to end the day just shy of its November 2021 levels.

European stocks closed higher on Thursday as investors digested the latest batch of earnings and the minutes of the ECB's January meeting showing reluctance to discuss rate cuts.

The pan European STOXX 600 advanced 0.8 percent, surpassing its previous record close on Jan. 5, 2022.

The German DAX surged 1.5 percent, France's CAC 40 added 1.3 percent and the U.K.'s FTSE 100 rose 0.3 percent.

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.

RTTNews | 57 minuter sedan

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.

RTTNews | 1h 26minuter sedan

Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

RTTNews | 2h 0minuter sedan

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

RTTNews | 2h 32minuter sedan

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | 2h 49minuter sedan

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | 3h 2minuter sedan

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | 3h 11minuter sedan

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | 3h 17minuter sedan

EURUSD	1.16605	GBPUSD	1.34972	AUDUSD	0.65369
USDJPY	146.983	USDCAD	1.37543	USDCHF	0.8028