Sensex, Nifty To Open On Flat Note Amid Muted Global Cues

RTTNews | 1009 hari yang lalu

(RTTNews) - Indian shares look set to open on a flat note Tuesday as markets head into the final week of 2023. Volatility may increase this week due to the scheduled expiry of December month derivative contracts.

Rising uncertainty in the Red Sea, a surge in new Covid-19 cases and the absence of strong FII action due to year-end may also weigh on markets as the week progresses.

India logged a total of 628 new Covid-19 cases in the last 24 hours, while the active caseload jumped to 4,054, according to Union health ministry data.

Meanwhile, the RBI's MPC meeting minutes noted that domestic food inflation unpredictability and volatility in crude oil prices and financial markets in an uncertain international environment pose risks to the inflation outlook.

Benchmark indexes Sensex and Nifty eked out modest gains on Friday, but ended the week with declines, snapping their seven-week winning streak.

Asian markets were seeing muted gains this morning amid reduced liquidity with some markets including Hong Kong, New Zealand and Australia closed for holidays.

The dollar languished near a five-month low while oil steadied after climbing 3 percent in the previous week, marking the biggest advance since October.

U.S. stocks ended mixed on Friday in light trading as investors headed into the Christmas holiday weekend.

The Dow slipped 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite both rose about 0.2 percent as tamer-than-expected consumer price growth data bolstered bets for interest rate cuts early next year.

Separate data revealed orders for newly manufactured durable goods registered their biggest monthly increase in more than three years in November.

European stocks also ended on a mixed note Friday. The pan European STOXX 600 edged up 0.1 percent. France's CAC 40 finished marginally lower while the German DAX and the U.K.'s FTSE 100 both ended flat with a positive bias.

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Australia Inflation Rises In August

Australia's consumer price inflation accelerated in August on higher housing and transport costs, the Australian Bureau of Statistics said Wednesday. Consumer price inflation rose to 4.0 percent from 3.5 percent in July. Inflation continues to remain above the central bank target range of 2-3 percent.

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Australian Market Sharply Extends Early Gains In Mid-market

The Australian market is sharply extending its early gains in mid-market moves on Wednesday after opening in the red, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving up to near the 8,800 level, despite the negative cues from Wall Street overnight, with gains in gold miners and energy stocks partially offset by weakness in iron ore miner and financial stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as tumbling crude oil prices on easing supply concerns as Saudi Arabia restored half of the capacity of its East-West pipeline, allaying fears of global inflation and aggressive interest rate hikes. Asian markets closed mixed on Tuesday.

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Indian Shares Likely To Open On Mixed Note

Lower GIFT Nifty and fairly steady Asian markets point to a somewhat mixed start for Indian shares Wednesday morning. Elevated crude oil prices and elusive U.S.-Iran deal to reopen the Strait of Hormuz are likely to weigh on sentiment.

RTTNews | 3 jam 11 menit yang lalu

Soft Start Seen For Thai Stock Market

The Thai stock market has finished lower in back-to-back sessions, slipping more than a dozen points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to see continued consolidation on Wednesday.

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Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, reversing the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 66,200 level, with gains in index heavyweights, financial and technology stocks.

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Lower Open Called For Indonesia Stock Market

The Indonesia stock market has finished lower in four straight sessions, tumbling more than 250 points or 3.6 percent along the way. The Jakarta Composite Index now sits just above the 6,120-point plateau and it's expected to open under water again on Wednesday.

RTTNews | 4 jam 36 menit yang lalu

EURUSD	1.1352	GBPUSD	1.32567
USDJPY	156.913	USDCAD	1.41808