Sensex, Nifty Seen Flat To Higher At Open

RTTNews | vor 17Std 31 Minuten

(RTTNews) - Indian shares are seen opening on a muted note Wednesday as investors weigh trade uncertainties against Ukraine's acceptance of a U.S. proposal for a ceasefire with Russia.

U.S. President Donald Trump reversed an earlier plan to double tariffs on Canadian steel, aluminum to 50 percent after Ontario's premier said he had agreed to suspend the Canadian province's 25 percent surcharge on exports of electricity to Michigan, New York and Minnesota.

Additionally, the Trump administration has lifted its suspension of military aid and intelligence sharing for Ukraine following talks in Saudi Arabia. Kyiv has signaled it is open to a 30-day ceasefire in the war with Russia, pending Moscow's agreement.

Traders also await cues from India's retail inflation data for February and industrial production figures for January due later in the day.

Benchmark indexes Sensex and recouped early losses to end narrowly mixed on Tuesday while the rupee settled 10 paise higher at 87.21 against the dollar.

FIIs offloaded shares worth Rs 2,823.76 crore on a net basis Tuesday, while DIIs net bought shares to the extent of Rs 2,001.79 crore, as per provisional data.

Asian markets were mixed this morning while Treasuries and the dollar index edged up ahead of U.S. CPI data due later in the day that might give additional clues on the direction of interest rates.

Gold was little changed after rallying 1 percent on Tuesday, boosted by a weaker dollar and concerns over an economic slowdown from tariff wars.

Oil prices were up nearly 1 percent amid expectations of some supply disruptions in Russia after Ukraine claimed it had attacked a major oil refinery in Moscow.

Investors also await the OPEC's monthly report for more insights into the cartel's plans for production.

U.S. stocks fell sharply overnight after a highly volatile session, adding to the biggest selloff in months, as tariff-related worries overshadowed signs of resilience in the labor market and news of progress toward a ceasefire between Russia and Ukraine.

In late hours, President Trump said he doesn't see a U.S. economic recession and the country is going to boom.

The Dow lost 1.1 percent, the S&P 500 shed 0.8 percent and the tech-heavy Nasdaq Composite slipped 0.2 percent.

European stocks ended lower on Tuesday amid fears about U.S. trade policies and uncertainties related to Germany's fiscal stimulus package.

The pan European STOXX 600 declined 1.7 percent. The German DAX and France's CAC 40 both fell around 1.3 percent, while the U.K.'s FTSE 100 dropped 1.2 percent.

Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data. Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.

RTTNews | vor 4Std 34 Minuten

Elon Musk's Starlink Partners With India's Jio And Airtel

Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.

RTTNews | vor 5Std 32 Minuten

Bank Of Canada Cuts Interest Rates By Another 25 Basis Points

With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.

RTTNews | vor 5Std 57 Minuten

U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.

RTTNews | vor 6Std 17 Minuten

Bay Street Likely To Open On Positive Note

The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.

RTTNews | vor 7Std 9 Minuten

U.S. Consumer Prices Rise Slightly Less Than Expected In February

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February.

RTTNews | vor 7Std 31 Minuten

India Inflation Weakest In 7 Months

India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.

RTTNews | vor 8Std 0 Minuten

ECB Chief Says Uncertainty Exceptionally High

European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.

RTTNews | vor 8Std 34 Minuten

EURUSD	1.09241	GBPUSD	1.29762	AUDUSD	0.6308
USDJPY	148.337	USDCAD	1.43873	USDCHF	0.88258

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Sensex, Nifty Seen Flat To Higher At Open