Sensex, Nifty Set For Muted Start

RTTNews | 666 gün önce

(RTTNews) - Indian shares look set to open a tad lower on Tuesday after Tata Steel reported over 92 percent fall in Q1 consolidated net profit but still beat estimates.

Rising oil prices and a firmer dollar ahead of the Fed meeting on Wednesday may also keep underlying sentiment cautious.

Investors are pinning hopes that the Fed won't sound hawkish and will likely signal it will deliver one more hike and potentially pause for a long time.

Reliance Industries' shares could be in focus today after the conglomerate announced an agreement to invest alongside Brookfield Infrastructure and Digital Realty in special purpose vehicles.

Benchmark indexes Sensex and Nifty fell around half a percent each on Monday, with earnings and mixed global cues weighing on sentiment. The rupee ended at a three-week high of 81.8150 against the dollar.

Asian stocks traded mixed this morning, with Chinese and Hong Kong markets rallying, after China's Politburo pledged to "adjust and optimize policies in a timely manner" for its ailing property sector.

Gold edged up slightly and the dollar index hovered near a two-week high while oil prices were steady after climbing over 2 percent to a three-month high on Monday.

U.S. stocks eked out modest gains overnight as Chevron reported better-than-expected earnings and data showed that U.S. business activity grew at its slowest pace in five months in July.

The Dow rose half a percent to close higher for the 11th day in a row, marking the longest winning streak since February 2017. The tech-heavy Nasdaq Composite edged up 0.2 percent and the S&P 500 added 0.4 percent.

European stocks closed mixed on Monday as hopes for Chinese stimulus measures offset fresh data pointing to a slowdown in Eurozone business activity and an inconclusive election result in Spain.

The pan European STOXX 600 ended flat with a positive bias. The German DAX finished marginally higher and the U.K.'s FTSE 100 gained 0.2 percent while France's CAC 40 ended little changed with a negative bias.

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.

RTTNews | 21 dakika önce

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.

RTTNews | 28 dakika önce

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.

RTTNews | 49 dakika önce

European Shares Drift Lower With Trump's Tax Bill In Focus

European stocks fell from nine-week highs on Wednesday as investors fretted about the lack of progress on trade deal and closely monitored discussions on the U.S. budget bill and federal deficit.

RTTNews | 1s 36 dakika önce

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.

RTTNews | 2s 2 dakika önce

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.

RTTNews | 3s 10 dakika önce

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.

RTTNews | 4s 22 dakika önce

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.

RTTNews | 5s 17 dakika önce

EURUSD	1.13442	GBPUSD	1.34179	AUDUSD	0.64451
USDJPY	143.645	USDCAD	1.388	USDCHF	0.82362

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Sensex, Nifty Set For Muted Start