Sensex, Nifty Seen Higher At Open

RTTNews | 108 days ago

(RTTNews) - Indian shares look set to open slightly higher on Monday as investors react to positive global cues and the return of foreign inflows.

Last week, benchmark indexes Sensex and Nifty extended gains for the sixth consecutive week to hit fresh record highs following robust earnings from Tata Consultancy Services.

The next set of quarterly results may influence sentiment, with IT majors Infosys and Wipro as well as heavyweights including Reliance Industries, Asian Paints and UltraTech Cement among the prominent companies due to unveil their financial results in the truncated week ahead.

Stock markets will remain closed on Wednesday for Muharram.

Finance Minister Nirmala Sitharaman will present the highly anticipated Modi 3.0's first Union Budget on July 23, with analysts expecting a growth-oriented Budget to help the economy grow further.

It is conceivable that India can become the world's second-largest economy by 2031 and the largest economy by 2060, given the country's inherent strengths, said Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra last week.

Asian markets traded mixed this morning while the dollar rose as the attempted assassination of Donald Trump on Saturday helped increase the chances of him becoming president again. Gold edged down slightly while oil prices were marginally higher in Asian trade.

U.S. stocks ended higher on Friday as large-cap stocks rebounded from steep losses in the previous session on expectations of Fed rate cuts.

Investors shrugged off data that showed U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services.

The three major U.S. averages rose about 0.6 percent each even as Wells Fargo, JP Morgan Chase and Citigroup all fell after releasing their quarterly earnings results. European stocks ended on a firm note for a third straight session on Friday.

The pan European STOXX 600 climbed 0.9 percent. The German DAX rallied 1.1 percent, France's CAC 40 jumped 1.3 percent and the U.K.'s FTSE 100 rose 0.4 percent.

Losing Streak May Continue For Taiwan Shares

The Taiwan stock market has moved lower in three straight sessions, stumbling more than 525 points or 2.5 percent along the way. The Taiwan Stock Exchange now rests just above the 22,820-point plateau and it may take further damage again on Thursday.

RTTNews | 4h 1min ago

Continued Consolidation Called For KOSPI

The South Korea stock market on Wednesday ended the three-day winning streak in which it had advanced more than 35 points or 1.4 percent. The KOSPI now sits just above the 2,590-point plateau and it's tipped to open under pressure again on Thursday.

RTTNews | 4h 31min ago

TSX Ends Modestly Lower

The Canadian market ended weak on Wednesday, weighed down by losses in materials and technology sectors. Investors digested earnings updates from Canadian and U.S. companies, and awaited U.S. non-farm payroll data and Canadian GDP report, due later in the week.

RTTNews | 5h 30min ago

Bank Of Japan Interest Rate Decision Due On Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, setting the pace for a busy day in Asia-Pacific economic activity. The BoJ is expected to keep its benchmark lending rate unchanged at 0.25 percent.

RTTNews | 5h 31min ago

Dollar Loses Ground Against Major Counterparts After GDP Data

The U.S. dollar shed ground on Wednesday after data showed an unexpected slowdown in the nation's GDP growth. Investors also digested strong private sector employment data and looked ahead to the crucial non-farm payroll data due later in the week.

RTTNews | 6h 40min ago

Canadian Market Slightly Lower In Cautious Trade

Canadian stocks are turning in a mixed performance on Wednesday with investors largely reacting to earnings announcements, and U.S. economic data. Materials stocks are among the notable losers, while consumer staples and utilities shares are finding good support.

RTTNews | 8h 46min ago

German Inflation Climbs More Than Expected Dampening Bigger Rate Cut Hopes

Consumer price inflation in Germany increased more than expected to its highest level in three months in October and the core figure moved closer to 3 percent, damping expectations for a bigger size interest rate cut from the European Central Bank.

RTTNews | 9h 14min ago

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Wednesday after languishing in negative territory right through the day's session, as investors reacted to weak economic data, digested a slew of corporate earnings announcements, and looked ahead to some key U.S. economic data due later in the week.

RTTNews | 9h 32min ago

EURUSD	1.08599	GBPUSD	1.29584	AUDUSD	0.65746
USDJPY	153.283	USDCAD	1.39077	USDCHF	0.86635