Page 7 - Global Markets

Rupee trades in narrow range against US dollar in opening trade

The rupee was trading in a narrow range against the US dollar in opening trade on Thursday, tracking a muted trend in domestic equities amid weak domestic macroeconomic data. At the interbank foreign exchange, the rupee witnessed range-bound trading in early deals. It opened at 82.30 against the US dollar, then rose to 82.29, registering a gain of 4 paise over the last close. It was moving in a tight range of 82.25 to 82.34 in the morning trade. On Wednesday, the rupee fell by 12 paise to close at 82.33 against the US dollar. The rupee started with small gains ahead of US CPI data that could aid investors to evaluate the size of rate hikes that the Fed is likely to deliver this year, said Sriram Iyer, Senior Research Analyst at Reliance Securities. A fall in the crude prices could aid sentiments, but most Asian and emerging market peers were weaker this Thursday morning as the FOMC minutes revealed that the Fed will continue its aggressive monetary policy stance and will cap gains

Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

India, Indonesia debt outperforms China despite volatile global markets

The two countries' sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China

Thailand's economic recovery intact despite global slowdown: Central bank

Thailand's central bank Governor has said that the Southeast Asian country's economic recovery would remain intact despite the global economic volatility

Sensex jumps over 1,300 points: Top 4 factors behind Tuesday's bull run

Going ahead, the bullish sentiment is likely to sustain this October as it has in the last eight out ten years, analysts said

Credit Suisse in market spotlight despite moves to calm concerns

Credit Suisse Group AG saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday before clawing back some of the losses

Exporters call on FM Sitharaman to extend GST exemption on export freight

If the exemption is not extended, exporters will have to pay GST of 18% on export ocean freight, which will increase the logistical costs for Indian goods in global market

Sensex and Nifty drop for seventh day running; FPIs pull out $2 billion

Benchmark indices crash 5.5% as FPIs yank out $2 billion

F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy

CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank

Plunging global markets trigger new intervention warnings in Asia

South Korea joined a growing list of interventions on Wednesday, with the central bank saying it will buy as much as $2.1 billion worth of sovereign debt.

Embattled emerging markets face fresh pain from US Fed rate hikes

That's a sharp and swift change from just 12 months ago, when Fed forecasters predicted no rate hikes in 2023

After feverish week, global investors lick wounds; brace for more chaos

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation

SBI least efficient in Asia-Pacific due to high cost-to-income ratio: Study

State-owned lender had the highest cost-to-income ratio, according to S&P Global Market Intelligence

Benchmarks fall after 2-day gain; US Federal Reserve rate decision eyed

Equity indices snapped their two-day rising streak on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by 97.90 points or 0.55 per cent to end at 17,718.35. IndusInd Bank was the biggest laggard in the Sensex pack, tumbling 3.19 per cent, followed by PowerGrid, UltraTech Cement, L&T, NTPC, HCL Technologies, Dr Reddy's, TCS and Bharti Airtel. In contrast, Hindustan Unilever, ITC, Bajaj Finance, Tech Mahindra, Reliance Industries, Mahindra & Mahindra, Nestle India and HDFC Bank were the gainers, climbing as much as 1.60 per cent. "Markets across the globe were trading with considerable volatility ahead of the Fed policy announcement. A 75 bps hike by Fed was factored in by the markets, while reports of mobilising Russian forces in Ukraine has ...

Time to diversify to global equities as central banks frontload rate hikes?

Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets

Indians optimistic on growth outlook amid high inflation: EY study

They are shifting to new brands in search for value, says multi-nation survey

Street Signs: 'Buy the dip' strategy, health care stocks gain, and more

With foreign flows turning negative and global markets on tenterhooks, it remains to be seen if investors will continue to 'buy the dip'

As US' IPO market languishes, stock listings head east to booming China

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show

'Risks to global markets could arise from central bank rate actions'

Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.