Sensex, Nifty Seen Tad Higher At Open

RTTNews | 1056 dagar sedan
Sensex, Nifty Seen Tad Higher At Open

(RTTNews) - Indian shares look set to open a tad higher on Friday, with falling oil prices and support from FII buying likely to underpin investor sentiment.

Market heavyweight Reliance Industries is due to unveil its fiscal first-quarter results later in the day.

Benchmark indexes Sensex and the Nifty rose around half a percent each on Thursday to extend gains for a fifth straight session, while the rupee gained 20 paise to close at 79.85 against the greenback.

Asian markets were mostly higher this morning, though overall gains remained muted on growing concerns about the economic outlook, with social media company Snap disclosing a wider-than-expected loss in its second-quarter earnings report.

An uptick in the U.S. dollar weighed on gold prices, while oil prices held steady after declining around 3 percent in the previous session amid a rise in supplies from Libya and on signs of weakening demand in the United States, the world's top oil consumer.

U.S. stocks finished higher for a third straight session overnight as investors assessed a slew of earnings and disappointing economic data.

While jobless claims rose for the third straight week to hit a fresh eight-month high, regional manufacturing activity unexpectedly contracted at a faster rate in July, separate reports showed.

The tech-heavy Nasdaq composite surged 1.4 percent in the wake of Tesla's remarkable quarterly results and the S&P 500 added 1 percent to close at its highest level since June 9, while the Dow gained half a percent.

European stocks ended mostly higher on Thursday as worries over an energy supply crunch eased and the European Central Bank surprised markets with a bigger-than-expected half-point interest rate hike, marking the first rate increase in over a decade.

The pan European Stoxx 600 inched up 0.4 percent. The German DAX eased 0.3 percent, while France's CAC 40 index rose 0.3 percent and the U.K.'s FTSE 100 finished marginally higher.

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Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
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Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
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Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
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Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
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Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
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Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
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Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
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Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
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