Indian Shares Seen Sharply Higher At Open After Wall Street Rally

RTTNews | 951 days ago
Indian Shares Seen Sharply Higher At Open After Wall Street Rally

(RTTNews) - Indian shares are geared for gap-up opening on Friday, with underlying sentiment likely to be underpinned by strong gains on Wall Street overnight and a steep decline in oil prices amid signs that Iran and the United States could agree on the terms of a new nuclear deal.

Benchmark indexes Sensex and the Nifty reversed early gains to end down about half a percent each on Thursday amid the expiry of F&O August series derivative contracts.

Asian markets followed Wall Street higher this morning ahead of Federal Reserve Chairman Jerome Powell's speech later today at the Jackson Hole economic conference.

Sentiment was also buoyed by news of possible progress for China and the United States to hammer out a deal to inspect audit records of U.S.-listed Chinese companies.

The dollar was little changed against peers and the two-year yields edged up while oil rebounded after falling overnight.

U.S. stocks closed on a strong note overnight, as jobless claims declined in the latest week and a revision for Q2 GDP showed a smaller decline compared to an earlier reading.

Ahead of a key speech by Fed Chair Powell, Kansas City Fed president Esther George told CNBC that there is more work to be done to curb inflation but It was too soon to predict the size of the September rate hike.

The Dow rallied 1 percent, the S&P 500 climbed 1.4 percent and the tech-heavy Nasdaq Composite surged 1.7 percent.

European stocks closed broadly higher on Thursday, as Beijing announced a slew of measures to spur economic growth and the July ECB meeting minutes revealed that there was a split over the 50-bps rate hike to combat soaring inflation.

The pan European Stoxx 600 edged up 0.3 percent. The German DAX rose 0.4 percent and the U.K.'s FTSE 100 inched up 0.1 percent while France's CAC 40 finished marginally lower.

read more
Sensex, Nifty Open Lower; IT And Auto Stocks Drag

Sensex, Nifty Open Lower; IT And Auto Stocks Drag

Indian shares were slightly lower on Thursday after U.S. President Donald Trump announced 26 percent reciprocal tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.
RTTNews | 4h 59min ago
Asian Markets Trades Mostly Lower

Asian Markets Trades Mostly Lower

Asian stock markets are trading mostly lower on Thursday, despite the positive cues from Wall Street overnight, after US President Donald Trump announced steeper-than-expected tariffs on US trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 5h 50min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming its early losses in mid-market moves on Thursday, giving up the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,900 level, with weakness across most sectors led by mining and technology stocks.
RTTNews | 6h 38min ago
Sensex, Nifty Likely To See Gap-down Open As Trade War Fears Mount

Sensex, Nifty Likely To See Gap-down Open As Trade War Fears Mount

Indian shares look set to open sharply lower on Thursday after U.S. President Donald Trump announced reciprocal tariffs affecting over 180 countries, including a 26 percent tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.
RTTNews | 6h 48min ago
Thai Stock Market May Spin Its Wheels On Thursday

Thai Stock Market May Spin Its Wheels On Thursday

The Thai stock market has moved higher in back-to-back sessions, advancing almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,170-point plateau, although it may run out of steam on Thursday.
RTTNews | 7h 46min ago
Japanese Market Sharply Lower; Down 3.4%

Japanese Market Sharply Lower; Down 3.4%

The Japanese market is trading sharply lower on Thursday, reversing the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is plunging more than 3 percent to below the 34,600 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | 7h 51min ago
Soft Start Expected For Hong Kong Stock Market

Soft Start Expected For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had dropped more than 450 points or 2 percent. The Hang Seng Index now sits just above the 23,200-point plateau and it may extend its losses on Thursday.
RTTNews | 8h 1min ago
Steady Start Eyed For China Stock Market

Steady Start Eyed For China Stock Market

The China stock market has moved higher in two straight sessions, collecting almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,350-point plateau and it's likely to remain in that neighborhood again on Thursday.
RTTNews | 8h 16min ago