Sensex, Nifty Seen Tad Lower As Oil Jumps On Tight Supply

RTTNews | 870天前

(RTTNews) - Indian shares look set to open a tad lower on Wednesday after oil prices surged nearly 4 percent overnight, adding to worries about inflation and growth.

"Inflation has peaked and price gains are getting anchored," Reserve Bank of India Governor Shaktikanta Das said in an interview with television channel ET Now on Tuesday, adding that there is "no room for complacency".

Meanwhile, rating agency ICRA expects India's GDP to grow 13 percent year-on-year (YoY) in the first quarter of financial year 2022-23, while the State Bank of India has pegged it at 15.7 percent.

Benchmark indexes Sensex and the Nifty ended Tuesday's choppy session modestly higher, while the rupee inched up by 1 paise to close at 79.83 against the dollar. Asian markets traded mixed this morning, with benchmark indexes in China and Hong Kong falling over 1 percent, as a severe drought and power shortages in the Sichuan province spurred the closing of several major factories.

Gold held steady above $1,750 per ounce as the dollar rally paused. Oil prices eased slightly after a nearly 4 percent surge overnight as de facto OPEC leader Saudi Arabia flagged the possibility of introducing cuts to balance a market it described as "schizophrenic".

Focus is on minutes of the ECB's last policy meeting due this week and the Jackson Hold economic symposium, where Fed Chair Jerome Powell's speech may offer additional clues about the bank's outlook for the economy and interest rates.

U.S. stocks closed lower for a third straight session overnight as a slew of disappointing economic readings added to economic woes.

Business activity contracted for as second straight month in August, factory activity in the U.S. central Atlantic region contracted in the month and sales of new single-family homes plunged to a 6-1/2-year low in July, adding to concerns about economic slowdown and tighter monetary policy.

The Dow dipped half a percent, the S&P 500 eased 0.2 percent and the tech-heavy Nasdaq Composite ended flat with a negative bias.

European stocks extended losses for a third straight session on Tuesday as the region's energy crisis worsened and survey readings for euro area manufacturing and services pointed towards economic contraction in the third quarter.

The pan European Stoxx 600 shed 0.4 percent. The German DAX and France's CAC 40 index both slipped around 0.3 percent, while the U.K.'s FTSE 100 gave up 0.6 percent.

European Shares Set For Muted Start Before US Jobs Data

European stocks may drift lower at open on Friday as investors brace for the all-important U.S. jobs report later in the day.

RTTNews | 5小時36分鐘前

Sensex, Nifty Follow Global Peers Lower; IT Stocks Surge

Indian shares opened lower on Friday, mirroring weak cues from global markets amid Trump's tariff threats and expectations of fewer interest-rate cuts by the U.S. Federal Reserve in 2025.

RTTNews | 6小時50分鐘前

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.

RTTNews | 7小時54分鐘前

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.

RTTNews | 8小時29分鐘前

Sensex, Nifty Seen Drifting Lower As TCS Misses Revenue Estimates

Indian shares look set to open lower on Friday, with IT stocks likely to be in focus after Tata Consultancy Services (TCS), the country's largest IT services firm, missed estimates on both revenue and profit fronts.

RTTNews | 8小時39分鐘前

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.

RTTNews | 8小時48分鐘前

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 9小時11分鐘前

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, surrendering almost 30 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it nay see bargain hunting on Friday.

RTTNews | 9小時15分鐘前

EURUSD	1.02835	GBPUSD	1.22792	AUDUSD	0.61895
USDJPY	158.361	USDCAD	1.44203	USDCHF	0.91301