Sensex, Nifty Seen Up After Powell Speech; RBI Meeting Eyed

RTTNews | 1014天前

(RTTNews) - Indian shares are likely to open higher on Wednesday after Fed Chair Jerome Powell reiterated his view that inflation was falling.

The RBI's interest-rate decision and market reaction to earnings from prominent companies including Bharti Airtel, Ambuja Cements and Hero MotoCorp may sway sentiment as the day progresses.

Adani Group stocks would continue to remain in focus, with reports suggesting that Adani Ports will repay a debt of around 50 billion rupees ($604.6 million).

The Group is also considering independent evaluation of issues relating to legal compliance, related party transactions and internal controls.

Benchmark indexes Sensex and Nifty fell slightly in cautious trade on Tuesday, with metal stocks leading losses after Tata Steel posted a surprise loss for the December quarter on account of higher expenses. The rupee gained 6 paise to close at 82.70 against the dollar.

Asian stocks were trading mixed this morning, with Shanghai, Hong Kong and Japanese markets declining. The dollar eased and gold traded flat while oil extended gains for a third day running on hopes for demand recovery in China.

U.S. stocks ended Tuesday's session on a buoyant note after Fed Chair Jerome Powell said he expects 2023 to be a year of "significant declines in inflation" but additional rate increases may be required if the economic data doesn't cooperate.

The Dow rose 0.8 percent, the S&P 500 climbed 1.3 percent and the tech-heavy Nasdaq Composite added 1.9 percent.

European stocks closed mostly lower on Tuesday after the release of weak German industrial production and U.K. retail sales data. The pan-European STOXX 600 rose 0.2 percent.

The German DAX slipped 0.2 percent and France's CAC 40 index finished marginally lower while the U.K.'s FTSE 100 gained 0.4 percent after BP Plc reported record annual profits.

Australian Market Extends Early Sharp Losses In Mid-market

The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.

RTTNews | 1小时13分钟前

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.

RTTNews | 1小时37分钟前

Indian Shares Set To Follow Global Peers Lower

Indian shares look set to open on a sluggish note Tuesday as concerns prevail over tech valuations and the outlook for U.S. interest rates.

RTTNews | 2小时7分钟前

Thai Shares May Head South Again On Tuesday

The Thai stock market has finished higher in two of three trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it may hand back those gains on Tuesday.

RTTNews | 2小时50分钟前

Renewed Consolidation Expected For Indonesia Shares

The Indonesia stock market on Monday ended the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,410-point plateau although it's expected to open under water again on Tuesday.

RTTNews | 3小时20分钟前

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling more than 2 percent to well below the 49,200 level, with weakness across all sectors led by exporters and technology stocks.

RTTNews | 3小时26分钟前

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has finished lower in consecutive trading days, slumping almost 690 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 26,380-point plateau and it's expected to see continued consolidation on Tuesday.

RTTNews | 3小时35分钟前

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,600 level, with weakness across most sectors led by mining and technology stocks.

RTTNews | 3小时48分钟前

EURUSD	1.15935	GBPUSD	1.31513	AUDUSD	0.64827
USDJPY	155.175	USDCAD	1.40524	USDCHF	0.79544