Sensex, Nifty Seen Higher On US Tech Rally, Fed Comments

RTTNews | hace 827
Sensex, Nifty Seen Higher On US Tech Rally, Fed Comments

(RTTNews) - Indian shares look set to open higher on Monday as investors hope for less aggressive monetary tightening by the U.S. Federal Reserve.

Markets may see stock-specific action today as investors react to the latest earnings updates from Reliance Industries, ICICI Bank and Kotak Mahindra Bank.

Axis Bank, Bajaj Auto, Bajaj Finance, DLF, Maruti Suzuki India, Tata Motors and Vedanta are due to unveil their quarterly earnings results this week.

Volatility is set to remain high this week because of the Republic Day holiday on Thursday and the impending F&O expiry scheduled for Wednesday.

Asian stocks traded mixed in thin trade, with markets in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year celebrations.

Gold ticked higher on dollar weakness, while oil eased after hitting the highest level since mid-November Friday on optimism over increased demand from China.

U.S. stocks rose sharply on Friday, as streaming giant Netflix reported stronger than expected subscriber growth, Google parent Alphabet revealed a plan to cut 12,000 jobs globally and Fed officials Patrick Harker and Christopher Waller said they favor a 25-basis-point rate hike at the next meeting.

The tech-heavy Nasdaq Composite jumped 2.7 percent and the S&P 500 added 1.9 percent to mark its first gain in four days while the Dow gained 1 percent.

The German DAX rose 0.8 percent, France's CAC 40 index edged up 0.6 percent and the U.K.'s FTSE 100 inched up 0.3 percent.

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European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.
RTTNews | hace 49 minutos
NZ Dollar Advances Against Majors

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RTTNews | hace 1h 0min
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

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RTTNews | hace 1h 9min
Sensex, Nifty Fluctuate In Lackluster Trade

Sensex, Nifty Fluctuate In Lackluster Trade

Indian shares fluctuated in early trade on Tuesday, tracking muted cues from global markets as investors looked for signs of progress on the global trade front.
RTTNews | hace 2h 21min
Australian Market Strongly Adds To Early Gains In Mid-market

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RTTNews | hace 3h 23min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders remain optimistic and keep a close eye on developments on the tariff front, with US Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.
RTTNews | hace 3h 47min