Sensex, Nifty Seen Opening Up With Earnings In Focus

RTTNews | 1029 วันที่ผ่านมา

(RTTNews) - Indian shares look set to open a tad higher on Tuesday, as investors react to the latest earnings results and await the outcome of a two-day policy meeting of the U.S. Federal Reserve that gets underway later today.

The Fed is widely expected to raise interest rate by another 75 basis points - its fourth straight rate hike - to fight soaring inflation.

Traders and investors wait to see what comments the FOMC and Powell make regarding the future path of U.S. monetary policy given a weakening economic backdrop.

On the earnings front, Bharti Airtel, India's second largest telecom operator, posted an 89 percent year-on-year rise in consolidated net profit for the September quarter, while Tata Steel's Q2 profit plummeted 87 percent on flat revenue.

Engineering and Infrastructure conglomerate Larsen & Toubro beat estimates for the September quarter on most parameters led by a 23 percent growth in order inflow.

Benchmark indexes Sensex and Nifty jumped around 1.3 percent each on Monday while the rupee chalked up its tenth monthly decline after slipping versus the dollar.

Asian stocks traded broadly higher this morning and the dollar was firm against the Japanese yen, while oil prices edged up after falling overnight on data showing oil output in the United States climbed to nearly 12 million barrels per day in August, the highest since the onset of the Covid-19 pandemic.

U.S. stocks drifted lower overnight as investors weighed an impending rate hike against solid earnings results.

The Dow dipped 0.4 percent but posted a monthly gain of 14 percent, notching its best month of October on record. The S&P 500 shed 0.8 percent and the tech-heavy Nasdaq Composite gave up 1 percent.

European stocks closed broadly higher on Monday despite weak Eurozone inflation and GDP data. The pan European Stoxx 600 gained 0.4 percent.

The German DAX finished marginally higher and the U.K.'s FTSE 100 added 0.7 percent while France's CAC 40 index slipped 0.1 percent.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 34 นาทีที่ผ่านมา

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 37 นาทีที่ผ่านมา

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 52 นาทีที่ผ่านมา

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 54 นาทีที่ผ่านมา

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1 ชม. 7 นาทีที่ผ่านมา

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1 ชม. 37 นาทีที่ผ่านมา

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2 ชม. 7 นาทีที่ผ่านมา

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2 ชม. 37 นาทีที่ผ่านมา

EURUSD	1.1646	GBPUSD	1.34751	AUDUSD	0.64842
USDJPY	147.304	USDCAD	1.385	USDCHF	0.80399