Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

RTTNews | 943天前
Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

(RTTNews) - Indian shares look set to open lower on Thursday, mirroring weak global cues as investors fret over the true scale of infections in China and the possibility of higher interest rates leading to a global recession.

Benchmark indexes Sensex and Nifty ended Wednesday's session marginally lower, snapping a two-day winning streak. The rupee gained 7 paise to close at 82.80 against the dollar.

Asian markets traded mostly lower this morning while gold edged up after having fallen 1 percent on Wednesday, hit by a stronger dollar and higher Treasury yields.

Oil extended overnight losses on concerns over rising COVID cases in China.

U.S. stocks fell sharply overnight, with recession fears and growing concerns around COVID re-emergence weighing on markets heading into 2023.

The tech-heavy Nasdaq Composite lost 1.4 percent to hit a 2022 closing low while the S&P 500 shed 1.2 percent and the Dow declined 1.1 percent.

European stocks closed broadly lower on Wednesday as several countries announced plans to impose entry curbs for those coming from China.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dropped half a percent and France's CAC 40 index gave up 0.6 percent while the U.K.'s FTSE rose 0.3 percent as trading resumed after a long holiday weekend.

read more
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well above the 39,700 level, with weakness across all sectors led by automakers, exporters and financial stocks.
RTTNews | 28分钟前
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,610-point plateau although investors are likely to cash in on Tuesday.
RTTNews | 29分钟前
Hong Kong Shares Tipped To Open Under Pressure

Hong Kong Shares Tipped To Open Under Pressure

The Hong Kong stock market rebounded on Monday, one session after ending the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just above the 25,560-point plateau although it may hand back those gains on Tuesday.
RTTNews | 44分钟前
China Shares May Head South Again On Tuesday

China Shares May Head South Again On Tuesday

The China stock market moved back to the upside again on Monday, one session after halting the six-day winning streak in which it had advanced more than 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,600-point plateau although it may spin its wheels again on Tuesday.
RTTNews | 59分钟前
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,700 level, with weakness in mining, financial and technology stocks partially offset by some gains in energy stocks.
RTTNews | 1小时6分钟前
Taiwan Stock Market May Hand Back Monday's Gains

Taiwan Stock Market May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after snapping the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,410-point plateau although it's likely to head south again on Tuesday.
RTTNews | 1小时29分钟前
Singapore Bourse May Extend Its Losses On Tuesday

Singapore Bourse May Extend Its Losses On Tuesday

The Singapore stock market has tracked lower in consecutive trading days, sliding more than 30 points or 0.7 percent along the way. The Straits Times Index now rests just above the 4,240-point plateau and it's expected to open under pressure again on Tuesday.
RTTNews | 1小时59分钟前
Malaysia Shares May Tick Lower Again On Tuesday

Malaysia Shares May Tick Lower Again On Tuesday

The Malaysia stock market has finished lower in back-to-back trading days, sinking more than 10 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,530-point plateau and it may take further damage on Tuesday.
RTTNews | 2小时29分钟前