Sensex, Nifty Open Lower As Oil Prices Surge On Middle East Tensions
(RTTNews) - Indian shares opened a tad lower on Tuesday after oil prices gained over 3 percent the previous day on heightened Middle East tensions, with the United States saying it's preparing for significant attacks by Iran or its proxies against Israel as soon as this week.
The benchmark S&P/BSE Sensex was down 74 points, or 0.1 percent, at 79,574 in early trade while the broader NSE Nifty index was down 13 points at 24,334.
HDFC Bank fell 2.3 percent. The weightage of the private sector lender in the Global Standard index will be raised in two tranches, MSCI said.
SBI Life, Tata Motors, HDFC Life and BPCL were down 1-2 percent.
Vodafone Idea dropped 1.4 percent despite narrowing its quarterly net loss.
IRFC gained nearly 2 percent on reporting a marginal rise in its Q1 net profit.
Bharti Airtel rose about 1 percent. Bharti Enterprises' latest investment in British firm British Telecom does not involve Airtel, said Chairperson Sunil Bharti Mittal in an interview.
Cipla, Apollo Hospitals Enterprise and Hero MotoCorp all rose over 1 percent.
Bajaj Finance and Bajaj FinServ were subdued after the RBI issued revised regulations for non-banking finance companies and housing finance companies.
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Malaysia Bourse Likely To Remain Rangebound On Tuesday
The Malaysia stock market turned lower again on Monday, one session after snapping the two-day losing streak in which it had dropped almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,585-point plateau although it figures to bounce higher again on Tuesday.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
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5小时3分钟前
Japan Stock Market May Spin Its Wheels On Tuesday
Ahead of Monday's holiday for Coming Of Age Day, the Japanese stock market has finished lower in three straight sessions, stumbling almost 900 points or 2.4 percent along the way. The Nikkei 225 now rests just beneath the 39,200-point plateau and it may see another soft start on Tuesday as it catches up on missed weak sentiment.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
The Nikkei finished sharply lower on Friday following losses from the financial shares, technology stocks and automobile producers.
For the day, the index stumbled 414.70 points or 1.05 percent to finish at 39,190.40 after trading between 39,166.05 and 39,591.46.
Among the actives, Nissan Motor added 0.67 percent, while Mazda Motor slumped 1.57 percent, Toyota Motor plunged 2.43 percent, Honda Motor tumbled 1.61 percent, Softbank Group lost 0.84 percent, Mitsubishi UFJ Financial sank 0.73 percent, Mizuho Financial retreated 1.94 percent, Sumitomo Mitsui Financial stumbled 2.24 percent, Mitsubishi Electric shed 0.64 percent, Sony Group fell 0.31 percent, Panasonic Holdings dropped 0.95 percent and Hitachi surrendered 2,53 percent.
The lead from Wall Street is mixed to higher as the major averages opened on opposite sides of the unchanged line on Monday and finished in the same manner.
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5小时18分钟前
Tech Shares May Keep KOSPI Floundering
The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may remain stuck in neutral on Tuesday.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
The KOSPI finished sharply lower on Monday following losses from the technology stocks, chemicals and industrials, while the financials offered support.
For the day, the index dropped 26.22 points or 1.04 percent to finish at 2,489.56 after trading between 2,483.73 and 2,513.93. Volume was 569.34 million shares worth 8.89 trillion won. There were 637 decliners and 261 gainers.
Among the actives, Shinhan Financial collected 0.30 percent, while KB Financial spiked 1.71 percent, Samsung Electronics stumbled 2.17 percent, Samsung SDI slumped 1.92 percent, LG Electronics retreated 1.75 percent, SK Hynix plunged 4.52 percent, Naver advanced 0.99 percent, LG Chem declined 1.63 percent, Lotte Chemical dropped 2.56 percent, SK Innovation added 0.64 percent, POSCO Holdings surrendered 1.91 percent, SK Telecom improved 0.72 percent, KEPCO skidded 1.23 percent, Hyundai Mobis lost 1.36 percent, Hyundai Motor tumbled 2.65 percent, Kia Motors eased 0.19 percent and Hana Financial was unchanged.
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5小时33分钟前
TSX Ends Weak For 2nd Straight Day
Canadian stocks turned in a weak performance on Monday as rising concerns about tariffs, and fading prospects of an interest rate cut by the Federal Reserve this month rendered the mood bearish.
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5小时56分钟前
Australia Building Approval Data Due On Tuesday
Australia will on Tuesday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. Approvals are expected to sink 3.6 percent on month after climbing 4.2 percent in October.
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6小时3分钟前
Dollar Rises Amid Fading Prospects Of Fed Rate Cuts
The U.S. Dollar climbed higher on Monday, scoring over some of its major counterparts, amid waning prospects of an interest rate cut by the Federal Reserve this month. Last week's upbeat U.S. jobs data has raised the possibility of the central bank going slow on rate cuts.
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6小时44分钟前
US Consumers Expect Higher Inflation In Next Few Years: NY Fed Survey
U.S. consumers' inflation expectations for the next three years increased sharply in December, while unemployment concerns were mixed, results of a monthly survey by the Federal Reserve Bank of New York showed on Monday. Median inflation expectations for the one-year horizon were unchanged at 3.0 percent but they increased to 3.0 percent from 2.6 percent for the three-year horizon.
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7小时58分钟前
Canadian Market Headed For Another Weak Close
The Canadian market is down firmly in negative territory Monday afternoon, with stocks from several sectors reeling under sustained selling pressure amid concerns the Federal Reserve will hold interest rates higher following a much bigger than expected addition of jobs in U.S. non-farm payroll employment in the month of December. Higher bond yields are also weighing on stocks.
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8小时37分钟前
