Sensex, Nifty Extending Losses To 4th Straight Day

RTTNews | 301天前

(RTTNews) - Indian shares are down in negative territory Monday morning, weighed down by concerns the Federal Reserve will likely hold interest rates at current levels for longer after data showed a much bigger than expected increase in U.S. non-farm payroll employment in the month of December.

Investors, digesting India's industrial production data, are quite cautious ahead of India's consumer price inflation data, due after trading hours today. Higher crude oil prices are weighing as well.

The BSE benchmark Sensex, which dropped by over 800 points in early trade, was down 575.51 points or 0.74% at 76,803.40 a little while ago. The broader Nifty50 index of the National Stock Exchange, which fell t 23,195.40, recovered to 23,232.80 but still remained notably lower, losing 198.70 or 0.85%.

Several stocks from automobile, realty, pharmaceuticals, oil, metal, FMCG, consumer durables and banking sectors are reeling under selling pressure.

Zomato, down more than 4%, is the biggest loser in the Sensex. Tata Steel, Adani Ports, Asian Paints, M&M, Power Grid Corporation, Sun Pharmaceuticals and Tech Mahindra are down 1.5 to 2.3%.

Kotak Bank, UltraTech Cement, Bajaj Finance, Tata Motors, ICICI Bank, ITC, Bajaj Finserv, Bharti Airtel and HDFC Bank are lower by 1 to 1.4%.

IndusInd Bank and Axis Bank are gaining 1.8% and 1.6%, respectively. Tata Consultancy Services and Infosys are modestly higher.

Trent, the biggest loser in the Nifty50 index, is down 4.7%. Adani Enterprises, Apollo Hospitals Enterprises, BPCL, Grasim Industries, Eicher Motors, Wipro, ONGC, Tech Mahindra, BEL, HeroMotoCorp, Cipla and Bajaj Auto are also notably lower.

Data released by the Reserve Bank of India on Friday showed India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3. Foreign currency assets decreased by $6.441 billion to $545.48 billion, the data released on Friday showed.

Data from the Ministry of Statistics and Programme Implementation showed that India's industrial production rose 5.2% year-over-year in November, faster than the 3.7% gain in October. The expected increase was 4%.

Manufacturing output grew 5.8% annually versus a 4.4% rise in October. Similarly, the growth in mining quickened to 1.9% from 0.9%, while electricity production rose 4.4% from last year compared to 2% in October.

The annual inflation rate in India eased to 5.48% in November of 2024 from 6.21% in the previous month, and remaining near the limit for the central bank's limit of 2 percentage points away from 4%.

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,630-point plateau and it's expected to see additional support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KLCI finished modestly higher on Monday following gains from the financial shares and telecoms and mixed performances from the plantations and industrials. For the day, the index added 8.25 points or 0.51 percent to finish at 1,627.38 after trading between 1,620.49 and 1,633.52. Among the actives, 99 Speed Mart Retail and CIMB Group both gained 0.66 percent, while AMMB Holdings increased 0.70 percent, Axiata surged 3.85 percent, Celcomdigi shed 0.27 percent, Gamuda advanced 0.79 percent, IHH Healthcare slumped 0.72 percent, IOI Corporation lost 0.25 percent, Kuala Lumpur Kepong perked 0.19 percent, Maxis soared 3.04 percent, Maybank collected 0.30 percent, MISC spiked 2.88 percent, MRDIY declined 1.23 percent, Nestle Malaysia sank 0.36 percent, Petronas Chemicals accelerated 2.82 percent, Petronas Dagangan rallied 1.69 percent, PPB Group added 0.69 percent, Press Metal strengthened 1.11 percent, QL Resources fell 0.24 percent, RHB Bank jumped 1.48 percent, SD Guthrie improved 0.74 percent, Sunway stumbled 1.65 percent, Telekom Malaysia rose 0.55 percent, Tenaga Nasional climbed 0.91 percent, YTL Corporation plunged 2.73 percent, YTL Power retreated 1.28 percent and Petronas Gas, Public Bank and Sime Darby were unchanged.

RTTNews | 1小时21分钟前

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 1小时36分钟前

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | 1小时51分钟前

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | 2小时21分钟前

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | 6小时4分钟前

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | 6小时30分钟前

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | 7小时32分钟前

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | 11小时12分钟前

EURUSD	1.15588	GBPUSD	1.31743	AUDUSD	0.65349
USDJPY	154.121	USDCAD	1.40197	USDCHF	0.805