Sensex, Nifty End Lower As Oil Rally Continues Ahead Of OPEC+ Meeting

RTTNews | 639天前
Sensex, Nifty End Lower As Oil Rally Continues Ahead Of OPEC+ Meeting

(RTTNews) - Indian shares edged lower Monday on inflation concerns after oil prices surged on reports that OPEC+ is considering deeper output cuts at the 26 November meeting in Vienna to shore up prices.

Crude traded higher in European trade on top of a 4 percent gain Friday.

The downside remained capped amid dovish Fed bets and a pledge by Chinese officials to roll out more stimulus measures for the country's beleaguered property sector.

Treasury yields edged lower, and the dollar held below over two-month lows on expectations that the Federal Reserve will refrain from raising interest rates over the next several months before cutting rates in mid-2024.

The benchmark S&P BSE Sensex ended the session down 139.58 points, or 0.21 percent, at 65,655.15 while the broader NSE Nifty index settled 37.80 points, or 0.19 percent, at 19,694.

UltraTech Cement, SBI Life, Mahindra & Mahindra, Bajaj Finance and Adani Enterprises fell 1-3 percent in the Nifty pack, while Coal India, HCL Technologies, Wipro, Bharti Airtel and Divis Laboratories rose 1-2 percent.

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Sensex, Nifty Extend Gains In Cautious Trade

Sensex, Nifty Extend Gains In Cautious Trade

Indian shares traded higher for a sixth consecutive session on Thursday, though overall gains remained limited due to mixed global cues ahead of the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell is due to speak.
RTTNews | 11分钟前
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

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RTTNews | 1小时28分钟前
Asian Markets Trade Mostly Higher

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RTTNews | 1小时51分钟前
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 2小时53分钟前
Japanese Market Notably Lower

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The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 3小时2分钟前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
RTTNews | 3小时21分钟前
Indonesia Stock Market May Head South Again On Thursday

Indonesia Stock Market May Head South Again On Thursday

The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
RTTNews | 3小时23分钟前