Sensex, Nifty Set To Fall As Oil Prices Climb

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Sensex, Nifty Set To Fall As Oil Prices Climb

(RTTNews) - Indian shares look set to open lower on Tuesday, a day after key benchmark indexes tested one-week highs amid receding fears of a full-point Fed rate hike.

Inflation concerns are back on investors' radar after oil prices surged more than 5 percent on Monday, helped by a plunging dollar and signs of tight supplies.

Telecom stocks could be in focus today as the race for 5G spectrum auction heats up with Jio submitting earnest money of ?14,000 crore to DoT.

Benchmark indexes Sensex and the Nifty both jumped around 1.4 percent on Monday while the rupee touched the psychological level of 80 per dollar before closing at 79.98.

Asian markets were broadly lower this morning, though Japanese shares rallied as trading resumed after a long holiday weekend.

Gold prices were subdued and the dollar hovered just above a one-week low hit overnight, while oil took a breather in Asian trading.

U.S. stocks reversed course to end firmly in the red overnight, as a measure of homebuilder confidence plunged in July and reports emerged that Apple plans to slow hiring and spending growth ahead of a potential recession.

The Dow ended 0.7 percent lower, while the tech-heavy Nasdaq Composite and the S&P 500 both shed around 0.8 percent.

European stocks ended well off their day's highs on Monday after Russia's Gazprom told European buyers it cannot guarantee gas supplies because of "extraordinary" circumstances.

The pan European Stoxx 600 climbed 0.9 percent. The German DAX rose 0.7 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both gained around 0.9 percent.

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Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five 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 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 12 minuter sedan
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 22 minuter sedan
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | 27 minuter sedan
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 57 minuter sedan
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | 1h 27minuter sedan
Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
RTTNews | 1h 57minuter sedan
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | 2h 27minuter sedan
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 3h 22minuter sedan