Sensex, Nifty Seen Little Changed At Open

RTTNews | 455 gün önce

(RTTNews) - Indian shares are seen opening little changed on Tuesday as investors eagerly await the 2024 Lok Sabha election results scheduled to be announced on June 4.

FIIs/FPIs net sold shares worth a net Rs 541 crore on Monday, while domestic institutional investors net bought Rs 923 crore worth of equities, according to provisional data from stock exchanges.

Goldman Sachs has revised its GDP forecast for India upwards by 10 basis points to 6.7 percent but pushed back its expectation of a cut in interest rate by the RBI by one quarter to Q4-CY24. It expects the RBI to deliver the first rate cut in the December 2024 meeting.

Benchmark indexes Sensex and Nifty hit record highs on Monday before giving up all gains to end marginally lower for the day.

Likewise, the rupee pared its initial gains to settle down by 4 paise at 83.14 against the dollar.

Asian stocks were narrowly mixed this morning as investors awaited a swath of global inflation prints for direction.

Benchmark indexes in China and Hong Kong were rising after Shanghai reduced the minimum down payment for first-time home buyers.

Gold edged up slightly in Asian trading as a gauge of the dollar and the 10-year Treasury yield slipped. Oil extended gains for a second straight session ahead of an OPEC+ supply meeting on Sunday.

The U.S. markets were closed overnight for Memorial Day.

European stocks closed higher Monday on late hour buying after two key ECB policymakers threw their weight behind the prospect of an interest rate cut next week.

The pan European STOXX 600 rose 0.3 percent. The German DAX added 0.4 percent and France's CAC 40 gained half a percent while the U.K. market was closed for a Bank holiday.

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 | 36 dakika önce

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 | 1s 6 dakika önce

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 | 1s 36 dakika önce

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1s 51 dakika önce

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | 2s 6 dakika önce

EURUSD	1.16461	GBPUSD	1.34755	AUDUSD	0.64895
USDJPY	147.254	USDCAD	1.38474	USDCHF	0.80382

Sensex, Nifty Seen Little Changed At Open

Taiwan Bourse May Hand Back Monday's Gains

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower