Sensex, Nifty Set To Follow Asian Peers Lower Ahead Of China Trade Data

RTTNews | 193 days ago

(RTTNews) - Indian shares may open on a lackluster note Thursday and volatility is not ruled out amid selling by foreign investors and ahead of Nifty weekly expiry.

Foreign institutional investors (FII) offloaded shares worth net Rs 6,669.10 crore on Wednesday, while domestic institutional investors (DII) bought shares worth net Rs 5,928.81 crore, according to the provisional data available on the NSE.

Shares of Hindustan Petroleum Corporation and Bharat Petroleum Corporation could be in focus ahead of their quarterly earnings results and amid news that both the companies will consider a bonus issue proposal in their board meet.

SBI is scheduled to unveil its Q4 earnings results later today. Larsen & Toubro has declared a final dividend of Rs. 28 per share after Q4 net profit beat estimates.

Benchmark indexes Sensex and Nifty ended a choppy session little changed on Wednesday while the rupee settled on a flat note at 83.51 against the dollar.

Asian markets traded mostly lower this morning, with Chinese and Hong Kong stocks bucking the weak trend ahead of the release of Chinese trade data later in the day.

The dollar was stable, and gold held steady while oil extended overnight gains as investors digested mixed inventory data and awaited more clarity on a potential ceasefire between Israel and Hamas.

U.S. stocks ended mixed overnight as Treasury yields rose after a 10-year notes auction.

The Dow inched up 0.4 percent to extend gains for a sixth consecutive session and close above 39,000 points for the first time in five weeks.

The S&P 500 finished marginally lower and the tech-heavy Nasdaq Composite eased 0.2 percent.

European stocks rose for a fourth straight session on Wednesday as Sweden's central bank cut interest rates for the first time in eight years and signaled two more rate reductions during the second half of the year.

The pan European STOXX 600 gained 0.3 percent. The German DAX edged up 0.4 percent, France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 rose half a percent.

Dollar Slips Against Major Counterparts

The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise.

RTTNews | 5h 11min ago

Canadian Market Modestly Higher, Looks Headed For Positive Close

The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserve's monetary policy moves.

RTTNews | 7h 27min ago

Swiss Market Ends Marginally Up

The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves.

RTTNews | 8h 22min ago

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Monday as the mood remained cautious right through the day's session amid concerns over potential impacts of U.S. President-elect Donald Trump's global economic policies, and persisting worries about the tensions in the Middle East, and the Russia - Ukraine war.

RTTNews | 9h 6min ago

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.

RTTNews | 12h 4min ago

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...

RTTNews | 13h 3min ago

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.

RTTNews | 14h 9min ago

CPI Uptick, Fed Hints Boost Dollar Again

The U.S. dollar rallied against major currencies during the week ended November 15 amidst an expected uptick in consumer price inflation in the U.S. as well as hints from Jerome Powell that the Fed was in no hurry to cut rates.

RTTNews | 14h 11min ago

EURUSD	1.05963	GBPUSD	1.2676	AUDUSD	0.65056
USDJPY	154.612	USDCAD	1.40159	USDCHF	0.88321