Sensex, Nifty Set For Gap-down Opening After Wall Street Selloff

RTTNews | 82 dagar sedan
Sensex, Nifty Set For Gap-down Opening After Wall Street Selloff

(RTTNews) - Indian shares are seen opening sharply lower on Thursday, mirroring weak cues from global markets after the U.S. Federal Reserve forecast fewer interest-rate cuts next year.

Benchmark indexes Sensex and Nifty fell around 0.6 percent each on Wednesday and the Indian rupee hit a new record low for the third consecutive day due to continued foreign fund outflows and Trump's tariff threats.

Foreign investors offloaded shares worth Rs 1,316.81 crore on a net basis Wednesday, while domestic institutional investors bought shares worth Rs 4,084.08 crore, according to provisional data from NSE.

Asian markets were deep in the red this morning, the yield on benchmark U.S. Treasury yields touched a seven-month high, the dollar index jumped to a two-year high and gold held below $2,600 per ounce after the Fed cautioned about upside inflation risks.

Analysts have warned that policies proposed by U.S. President-elect Donald Trump, including plans for tax cuts and widespread import tariffs, could put upward pressure on prices and keep interest rates higher for longer.

Oil prices also traded lower in Asian trade as the dollar surged amid the Fed's shift in policy guidance.

Tariff worries remained on investors' radar after reports emerged that U.S. authorities are considering a ban on China's TP-Link Technology Co over potential national security concerns.

The Japanese yen hovered near a one-month low against the dollar as investors braced for the looming Bank of Japan's interest-rate decision and comments from BOJ Governor Kazuo Ueda.

There are minimal expectations for a rate hike, with investors looking for clues on the timing and pace of rate hikes next year.

U.S. stocks succumbed to heavy selling pressure overnight after the Fed delivered a 25-bps rate cut as expected but revised its projections to signal just two interest rate cuts next year compared to the four previously forecast, citing stubbornly high inflation.

The Dow plummeted 2.6 percent to extend its losing streak to ten straight sessions and hit its lowest closing level in over a month.

The S&P 500 slumped 3 percent to a one-month closing low and the tech-heavy Nasdaq Composite plunged 3.6 percent.

European stocks ended mostly higher on Wednesday after the release of U.K. and Eurozone inflation data and ahead of the Fed's final rate decision of the year.

The pan European STOXX 600 rose 0.2 percent to end higher for the first time in four days.

The German DAX finished marginally lower while France's CAC 40 gained 0.3 percent and the U.K.'s FTSE 100 edged up marginally.

read more
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid increasing worries the U.S. is headed for a recession and concerns over the health of the world economy following the likely impact of President Donald Trump's tariffs and trade policies. Asian markets closed mostly higher on Monday.
RTTNews | 6h 29minuter sedan
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, but extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,900 level, with weakness is mining and technology stocks partially offset by gains in energy and financial stocks.
RTTNews | 7h 1minuter sedan
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had tumbled almost 40 points or 3.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau and it figures to see continued consolidation on Tuesday.
RTTNews | 7h 46minuter sedan
Losses May Accelerate For Indonesia Stock Market

Losses May Accelerate For Indonesia Stock Market

The Indonesia stock market on Monday ended the three-day winning streak in which it had surged more than 350 points or 5.4 percent. The Jakarta Composite Index now sits just beneath the 6,600-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.
RTTNews | 8h 16minuter sedan
Japanese Market Sharply Lower, Down 2.6%

Japanese Market Sharply Lower, Down 2.6%

The Japanese stock market is trading sharply lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 36,100 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 8h 19minuter sedan