Sensex, Nifty Seen Opening Up On Wall Street Cues

RTTNews | Pred 1 dňom

(RTTNews) - Indian shares look set to open higher on Thursday after U.S. shares kicked of their seasonal Santa Claus rally on Tuesday.

Every year, the phenomenon occurs during the last five trading days of the year and the first two in January.

That said, benchmark indexes Sensex and Nifty may see range-bound moves following Monday's rebound from the worst week in 30 months. The impending Nifty 50 expiry may also lead to some intra-day volatility.

Foreign institutional investors remained net sellers in the cash market in the previous trade session and offloaded shares worth Rs. 2,454 crores while domestic financial institutions were net buyers to the extent of Rs. 2,819 crores, according to provisional data.

Benchmark indexes Sensex and Nifty fluctuated before ending marginally lower on Tuesday ahead of the Christmas holiday.

The rupee hit a new low for the sixth consecutive trade before settling at Rs 85.20 per dollar due to the month-end demand for dollar among importers coupled with the rise in U.S. Treasury yields.

Asian markets were mixed this morning in thin holiday trade. Chinese and Seoul stocks were moving lower while Japan's Nikkei rose about half a percent as Bank of Japan Governor Kazuo Ueda avoided giving a clear signal that he might raise interest rates next month.

Elsewhere, the People's Bank of China held the interest rate on the one-year medium-term lending facility steady at 2 percent and drained the most cash since 2014 with a one-year policy tool.

Several regional markets remain closed for the Boxing Day holiday.

Wall Street's main indexes all closed higher in a truncated Christmas Eve session on Tuesday, led by big tech stocks.

The Dow rose 0.9 percent and the tech-heavy Nasdaq Composite rallied 1.4 percent to score four straight sessions of gains, kicking off the so-called Santa Claus rally.

The S&P 500 added 1.1 percent to extend its winning streak to three sessions.

European stocks eked out modest gains in light pre-holiday trading on Tuesday.

The pan European STOXX 600 edged up by 0.2 percent. France's CAC 40 added 0.1 percent and the U.K.'s FTSE 100 gained 0.4 percent while markets in Germany and Switzerland were closed for Christmas Eve.

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders continue to be optimistic about more interest rate cuts by the U.S. Fed next year. They also remain reluctant to make significant moves at the end of the holiday shortened week to start fresh next week. Asian markets ended mixed on Thursday.

RTTNews | Pred 5 h 26 min

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Friday, but adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by mining and technology stocks.

RTTNews | Pred 6 h 18 min

Sensex, Nifty Set For Muted Start

Indian shares are seen opening on a muted note Friday following a lackluster session on Wall Street overnight and mixed cues from other Asian markets this morning.

RTTNews | Pred 6 h 28 min

Japanese Market Significantly Higher

Adding to the gains in the previous two sessions, the Japanese stock market is significantly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 39,900 level, with gains across most sectors led by index heavyweights and technology stocks as traders reacted positively to a slew of domestic economic data.

RTTNews | Pred 6 h 54 min

Australian Market Notably Higher

The Australian stock market is notably higher on Friday, extending to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by mining and energy stocks.

RTTNews | Pred 7 h 31 min

U.S. Dollar Advances Amid Higher Treasury Yields

The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as treasury yields rose amid uncertainty about the Federal Reserve's interest rate path and U.S. President-elect Donald Trump's tariff threats.

RTTNews | Pred 14 h 28 min

Turkish CB Cuts Interest Rate For First Time Since Early 2023

Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key interest rate at a high level since the summer of 2023 amid the elevated inflationary pressures.

RTTNews | Pred 17 h 13 min

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | Pred 18 h 34 min

EURUSD	1.04123	GBPUSD	1.25269	AUDUSD	0.62169
USDJPY	157.651	USDCAD	1.44071	USDCHF	0.89932