“Asian markets are also supporting. So, I do not find any logic or rationale behind going short here. The trend is clearly into uptrend. Right now, after rising for last three consecutive sessions, it is just a profit booking in intraday. I see a strong uptrend in the market,” says Vinay Rajani, HDFC Securities.It is … Read more
Asian stocks slipped on Monday after US jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Equities in Australia, Japan and South Korea racked up losses in early trading, while US futures were little changed. The dollar was steady against peers, with traders split on the … Read more
Japanese equities showed signs of resilience as other Asian markets opened lower, as investors prepare for comments from Jerome Powell later Friday. Equities in Australia and South Korea fell alongside Hong Kong share futures, echoing Thursday’s selloff in US stocks where both the S&P 500 and tech-heavy Nasdaq 100 indexes retreated. The yen was stronger … Read more
Stocks in Asia rose Friday after robust US jobs and spending data eased recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy … Read more
Jayesh Mehta, Vice-Chairman & CEO, DSP Finance explains the fall in the rupee against the dollar. Mehta says overall, it is a risk-off situation and that is where we saw some appreciation in Asian markets, particularly Japan. There was an unwinding of a lot of carry trades in the case of Japan. For India, we … Read more
Global equities were set to hold onto record highs achieved Thursday as traders turned their attention to US jobs data due Friday for clues on Federal Reserve rate cuts. Tokyo’s Topix index touched another record, before slipping. The moves followed gains for European shares, led by French equities. US stock futures were little changed in … Read more
Regulators in Asia have tightened the screws on trades popular among hedge funds as stocks slumped, an attempt to stabilize markets that some worry may end up stifling key strategies. Thailand’s plan to increase scrutiny on high-frequency trades — in effect from Monday — follows steps from China, where programmed trading will soon be subject … Read more
Asian stocks and currencies advanced on Thursday after the double-whammy of a Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are seen benefiting, even if the bullish inflation reading was tempered by Fed officials pulling back their rate cut forecasts for the year, according to strategists. Currencies like the rupiah … Read more
Benchmark indices rebounded nearly 1% on Tuesday following positive global trends. The 30-share Sensex climbed 454 points to settle at 72,186 and the Nifty gained 157 points to close at 21,929. Stocks that were in focus included names like YES Bank, which rose 11.62%, PB Fintech, which fell 6.15%, and Fortis Healthcare, whose shares increased … Read more
Share indices ended lower on Monday, tracking the weakness in Asian markets, but there were several individual stocks in the market that were in action and public sector stocks were among them. The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, … Read more
