Home News Sensex, Nifty Seen Flat On Optimism About Domestic Economy

Sensex, Nifty Seen Flat On Optimism About Domestic Economy

by admin
0 views

Published

Jun 16, 2022 11:00PM EDT

(RTTNews) – Indian shares are seen opening largely unchanged Friday on the back of optimism that India is better placed to avoid the pitfalls of stagflation despite global headwinds.

“Domestic economic activity has been gaining traction in spite of formidable headwinds from external developments,” the Reserve Bank of India (RBI) said in its monthly bulletin.

India’s current yield curve indicates an improvement in its long-term growth prospects but the fact that the yield curve has become steeper and concave reconfirms expectations of tighter monetary policy in the period ahead, the report added.

Benchmark indexes reversed course to end down around 2 percent each on Thursday amid concerns that higher U.S. interest rates could lead to more capital outflows from emerging markets, including India.

The rupee recovered from record lows to close 12 paise higher at 78.10 against the dollar.

Asian stocks traded mixed this morning, with Chinese and Hong Kong markets rising, led by gains in the technology sector.

The yen retreated from a two-week high ahead of the BoJ interest-rate decision, with the central bank likely to keep its ultra-easy policy, defying pressure from aggressive tightening from peers. Oil prices fell slightly in Asian trade after rising sharply on Thursday.

U.S. stocks tumbled in a broad sell-off overnight as disappointing housing, regional manufacturing activity and labor market data fanned worries of a recession.

The Dow plunged 2.4 percent, the tech-heavy Nasdaq Composite plummeted 4.1 percent and the S&P 500 shed 3.3 percent to reach their lowest closing levels in well over a year.

European stocks hit their lowest levels in 16 months on Thursday amid recession worries as Switzerland and the U.K. joined a global rush to raise interest rates.

The pan European Stoxx 600 fell 2.5 percent. The German DAX tumbled 3.3 percent, France’s CAC 40 index gave up 2.4 percent and the U.K.’s FTSE 100 declined 3.1 percent.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT’s Financial Newswire is relied upon by some of the world’s largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More

Source : Nasdaq

Related Articles

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

NEWS7.ASIA :Sensex, Nifty Seen Flat On Optimism About Domestic Economy
https://www.monsegur-vaillant.com   https://www.photo-city.info   https://www.v46.org/   https://garcons.fringues.biz   https://www.afronews.xyz  
--
EVRYLON Collier pour garçon Double Pendentif Lune Sphère Cabochon Couleur Rouge Blanc Pokemon Go Pokè Pokeball Pikachu *  England v Northern Ireland: Lionesses cannot wait to return, says Steph Houghton *  La Mamma, 46, rue Vavin 75006 Paris *  La cérémonie d'ouverture des Jeux paralympiques de Paris 2024 se tiendra près de la … – BFMTV *  SANFAHSION Shirt Dos Chic Dentelle Patchwork Lâche Haut Manche Longue Tee Top Grande Taille Tops Blouse Femme Casual *  * Paul Harris: Clarinet Basics Repertoire. Partitions pour Clarinette, Accompagnement Piano *  Masseur électronique jambes F400 *  https://marionnettes-a-mains.com   https://1stglobalvillage.com   https://paschers.info   https://www.intellinews.info   https://p2-g.com   https://maillotsdebaindiscount.com   https://www.matt-daly.com   https://www.cap-neree.fr   Sensex, Nifty Seen Flat On Optimism About Domestic Economy : news7

news7.asia Sensex, Nifty Seen Flat On Optimism About Domestic Economy