Sensex, Nifty Edge Lower Ahead Of CPI Data
(RTTNews) - Indian shares were a tad lower on Friday, tracking mixed global cues and ahead of retail inflation data due out later in the day.
The benchmark S&P BSE Sensex dropped 180 points, or 0.30 percent, to 59,153 in early trade, while the broader NSE Nifty index was down 56 points, or 0.3 percent, at 17,603.
UltraTech Cement, Sun Pharma, Maruti Suzuki India, Divis Laboratories and Apollo Hospitals Enterprise fell 1-3 percent while JSW Steel, Power Grid Corp, Tata Steel, Hindalco and ONGC rose 1-2 percent.
The rupee was trading lower at 79.67 against despite broader weakness in the dollar in international markets.
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Malaysia Bourse Tipped To Open To The Upside
The Malaysia stock market has finished lower in three straight sessions, sinking more than 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,625-point plateau although it may stop the bleeding on Tuesday.
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Japan Stock Market Poised To End Its Slide
The Japanese stock market has moved lower in back-to-back sessions, plunging more than 970 points or 2.5 percent along the way. The Nikkei 225 now rests just above the 39,300-point plateau although it's due for support on Tuesday.
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KOSPI May Crack Resistance At 2,500 Points
The South Korea stock market has moved higher two straight sessions, accelerating almost 90 points or 3.6 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may add to its winnings again on Tuesday.
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Australia Building Approval Data Due On Tuesday
Australia will on Tuesday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. Approvals are expected to slip 0.9 percent on month after climbing 4.2 percent in October.
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Swiss Franc Weakens Against Majors
The Swiss franc declined against its major counterparts in the New York session on Monday, as gains in tech stocks lifted Wall Street.
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Swiss Market Closes Moderately Higher
Despite a couple of weak spells during the day's trading session, the Switzerland market closed moderately higher on Monday, in line with markets across Europe after data showed an improvement in services sector activity in the region. Optimism about a recovery of the Chinese economy following recent stimulus measures helped as well.
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European Markets Close On Firm Note
European stocks closed higher on Monday with investors reacting positively to slightly encouraging services sector data from the region, and stronger-than-expected services sector growth in China.
The upside was also due to expectations of more stimulus from the Chinese government, and easing concerns about tariff hikes amid reports U.S. President-elect Donald Trump's tariff plan will not be any
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U.S. Factory Orders Pull Back Slightly More Than Expected In November
A report released by the Commerce Department on Monday showed new orders for U.S. manufactured goods decreased by slightly more than expected in the month of November. The Commerce Department said factory orders fell by 0.4 percent in November after climbing by an upwardly revised 0.5 percent in October. Economists had expected factory orders to dip by 0.3 percent.
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