Sensex, Nifty Seen Slightly Higher With Earnings In Focus

RTTNews | 41 days ago

(RTTNews) - Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction.

Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that BlackRock, the world's biggest asset manager, is in talks with Jio Financial Services to set up a private credit venture.

Benchmark indexes Sensex and Nifty ended modestly lower on Wednesday while the rupee settled 4 paise higher at 84 against the dollar on easing crude oil prices.

Asian markets were mostly higher this morning ahead of a briefing by China's housing minister, the European Central Bank's interest-rate decision and the release of U.S. retail sales, jobless claims and industrial production figures.

The dollar hovered near an 11-week high, and gold traded higher near record levels while oil prices rose about 1 percent, following four days of declines on China demand concerns and worries over a global glut.

U.S. stocks closed higher overnight after upbeat earnings from Morgan Stanley and United Airlines.

The Dow climbed 0.8 percent to a new record closing high, while the S&P 500 added half a percent and the tech-heavy Nasdaq Composite edged up 0.3 percent.

European stocks fell broadly on Wednesday as tech and luxury stocks tumbled in the wake of disappointing results from industry heavyweights ASML and LVMH.

The pan European STOXX 600 eased 0.2 percent. The German DAX slipped 0.3 percent and France's CAC 40 dipped 0.4 percent while the U.K.'s FTSE 100 rallied 1 percent as weak inflation data fuelled rate-cut hopes.

U.S. Pending Home Sales Unexpectedly Increase In October

The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.

RTTNews | 5h 52min ago

U.S. Consumer Price Growth Matches Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.

RTTNews | 5h 55min ago

Chicago Business Barometer Unexpectedly Edges Lower In November

A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.

RTTNews | 6h 12min ago

U.S. Economic Growth Unrevised At 2.8% In Third Quarter

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.

RTTNews | 6h 26min ago

U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.

RTTNews | 6h 29min ago

U.S. Consumer Prices Rise In Line With Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October.

RTTNews | 6h 31min ago

U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again

A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 217,000.

RTTNews | 6h 55min ago

U.S. Q3 GDP Growth Unrevised At 2.8%

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday.

RTTNews | 8h 9min ago

EURUSD	1.05828	GBPUSD	1.26895	AUDUSD	0.64965
USDJPY	150.551	USDCAD	1.40199	USDCHF	0.88003