Sensex, Nifty Seen Opening Lower After Strong Rally

RTTNews | 1085天前
Sensex, Nifty Seen Opening Lower After Strong Rally

(RTTNews) - Indian shares look set to open a tad lower on Wednesday following the previous session's strong rally.

Risk-off sentiment prevails in financial markets, with the dollar and Treasury yields firming up amid expectations that the U.S. Federal Reserve will deliver another 75-bsis point interest-rate hike in July, followed by a half-percentage-point rise in September.

Benchmark indexes Sensex and the Nifty jumped around 1.8 percent and 1.9 percent respectively on Tuesday to extend gains for a second straight session, while the rupee settled at a new record low of 78.08 against the dollar.

Asian markets traded mostly lower in cautious trade this morning as investors awaited Fed Chair Jerome Powell's key testimony before the congress.

Oil prices fell more than 3 percent in Asian trade amid a push by U.S. President Joe Biden to bring down soaring fuel costs.

To curtail rising gas prices, Biden is expected to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline.

U.S. stocks rebounded on Tuesday as traders returned to their desks after a long holiday weekend.

The S&P 500 added 2.5 percent following the worst week since March 2020 and the Dow climbed 2.2 percent to post its best single-day gain since May 4 while the tech-heavy Nasdaq Composite surged 2.5 percent.

European stocks also rose on Tuesday despite growing worries about ebbing global growth.

The pan-European Stoxx 600 inched up 0.4 percent after hitting a more than one-year low last week. The German DAX edged up 0.2 percent, France's CAC 40 index gained 0.8 percent and the U.K.'s FTSE 100 rose 0.4 percent.

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Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 3小时17分钟前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 4小时19分钟前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 4小时43分钟前
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5小时12分钟前
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 5小时43分钟前
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 6小时9分钟前
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 6小时13分钟前