Sensex, Nifty May See Cautious Start As Oil Prices Climb

RTTNews | 20 dias atrás
Sensex, Nifty May See Cautious Start As Oil Prices Climb

(RTTNews) - Indian shares may open on a cautious note Tuesday, mirroring weak cues from global markets ahead of major global events taking place all through the week, from the presidential election outcome in the U.S. to the Federal Reserve's commentary on the future trajectory of interest rates.

With crude oil prices on fire due to heightened Middle East tensions, concerns over inflation and twin deficits may also weigh on markets.

Asian stocks were mostly lower this morning as risk-off sentiment prevailed. Japanese markets were significantly higher as traders returned to their desks after a long holiday weekend.

The dollar was on the back foot after some polls dented some of the market bets on a victory for Republican Donald Trump.

Gold was marginally lower, driven by diminished rate-cut expectations.

Oil prices were slightly lower in Asian trading after rallying almost 3 percent on Monday following OPEC+'s decision to delay restoring barrels to the market.

U.S. stocks drifted lower overnight as investors refrained from making big bets ahead of the presidential election and the Fed's interest-rate decision.

The Dow shed 0.6 percent, while the tech-heavy Nasdaq Composite and the S&P 500 both dipped around 0.3 percent.

European markets fell broadly on Monday, with technology stocks leading losses. The pan European STOXX 600 eased 0.3 percent.

The German DAX dropped 0.6 percent and France's CAC 40 gave up half a percent while the U.K.'s FTSE 100 finished marginally higher.

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,400.00 level, with gains across most sectors led by mining, energy and technology stocks. Financial stocks are the only weak spot.
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Hong Kong Shares Due For Support On Monday

Hong Kong Shares Due For Support On Monday

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China Stock Market May Cut Into Friday's Losses

China Stock Market May Cut Into Friday's Losses

The China stock market on Friday halted the three-day winning streak in which it had advanced more than 35 points or 1 percent. The Shanghai Composite now sits just beneath the 3,270-point plateau although it's likely to make back some of that on Monday.
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Taiwan Bourse May Extend Friday's Gains

Taiwan Bourse May Extend Friday's Gains

The Taiwan stock market on Friday snapped the two-day slide in which it had stumbled almost 300 points or 1.3 percent. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and it may see additional support on Monday.
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Higher Open Anticipated For Singapore Stock Market

Higher Open Anticipated For Singapore Stock Market

The Singapore stock market on Friday snapped the two-day slide in which it had slipped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,745-point plateau and it's expected to see continued strength on Monday.
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New Zealand Retail Sales Dip 0.1% On Quarter In Q3

New Zealand Retail Sales Dip 0.1% On Quarter In Q3

The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion.
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Malaysia Shares Tipped To Open To The Upside

Malaysia Shares Tipped To Open To The Upside

The Malaysia stock market on Friday ended the three-day losing streak in which it had fallen more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and it may up steam on Monday.
RTTNews | 7h 5min atrás