Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

RTTNews | 769 days ago
Stocktwits
Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

(RTTNews) - Indian shares look set to open lower on Thursday, mirroring weak global cues as investors fret over the true scale of infections in China and the possibility of higher interest rates leading to a global recession.

Benchmark indexes Sensex and Nifty ended Wednesday's session marginally lower, snapping a two-day winning streak. The rupee gained 7 paise to close at 82.80 against the dollar.

Asian markets traded mostly lower this morning while gold edged up after having fallen 1 percent on Wednesday, hit by a stronger dollar and higher Treasury yields.

Oil extended overnight losses on concerns over rising COVID cases in China.

U.S. stocks fell sharply overnight, with recession fears and growing concerns around COVID re-emergence weighing on markets heading into 2023.

The tech-heavy Nasdaq Composite lost 1.4 percent to hit a 2022 closing low while the S&P 500 shed 1.2 percent and the Dow declined 1.1 percent.

European stocks closed broadly lower on Wednesday as several countries announced plans to impose entry curbs for those coming from China.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dropped half a percent and France's CAC 40 index gave up 0.6 percent while the U.K.'s FTSE rose 0.3 percent as trading resumed after a long holiday weekend.

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Sensex, Nifty Pause After Strong Rally

Sensex, Nifty Pause After Strong Rally

Indian shares were little changed on Wednesday after rallying sharply the previous day on easing tariff concerns and expectations of a rate cut by the RBI later this week.
RTTNews | 5h 19min ago
Asian Markets Trade Mixed Amid Tariff Worries

Asian Markets Trade Mixed Amid Tariff Worries

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are cautious and are concerns about a global trade war after President Donald Trump decided to impose tariffs on imports from China, Mexico and Canada, with the trading partners retaliating with counter tariffs. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 26min ago
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Wednesday, and extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining and energy stocks.
RTTNews | 6h 59min ago
Thai Bourse May End Losing Streak On Wednesday

Thai Bourse May End Losing Streak On Wednesday

The Thai stock market has finished lower in five straight sessions, sinking more than 45 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it figures to stop the bleeding on Wednesday.
RTTNews | 7h 15min ago
Higher Open Predicted For Indonesia Stock Market

Higher Open Predicted For Indonesia Stock Market

The Indonesia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had stumbled more than 180 points or 2.6 percent. The Jakarta Composite Index now sits just above the 7,070-point plateau and it's got a firm lead for Wednesday's trade.
RTTNews | 7h 16min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,800 level, with gains in gains across most sectors led by index heavyweights and financial stocks.
RTTNews | 8h 6min ago
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,400 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
RTTNews | 8h 13min ago
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