The risk-on mood helped the Aussie tack on 0.17% to last trade at $0.6583, though it was on track to end the week only about 0.2% higher, as its gains were capped by a sharp slowdown in domestic inflation.
Asian shares buoyed by US tech bounce, payrolls in focus
In Asia, Japan’s Nikkei added 1%, bringing the weekly gain to 1.7%, while MSCI’s broadest index of Asia-Pacific shares outside Japan also gained 1.1% and was up 0.6% on the week.
No cheer for market on Budget day; Sensex, Nifty end lower, PSU Banks outshine
Top Nifty gainers were Maruti Suzuki, Cipla, Eicher Motors, SBI Life Insurance and Power Grid Corporation, while losers included UltraTech Cement, LT, Dr Reddy#39;s Laboratories, JSW Steel and Grasim Industries.Nifty, Sensex end mildly in red; Budget over, now Q3 earnings to drive market returns
Nifty Metal led the losses, falling around 1 percent. Nifty Pharma, Infra and IT indices were also trading with losses. On the flipside, gains in Nifty PSU Bank, Auto, Bank, Energy and FMCG indices capped losses for the headline indices.Nifty, Sensex slip into red post Budget; Rail, infra stocks may benefit
The impact of Interim Budget on equity markets will be neutral to mildly positive for the near term and other emerging triggers will drive its trajectory later, said Dhiraj Relli, MD CEO, HDFC Securities.RBI’s action to weigh on Paytm stock, say analysts
Brokers and analysts have turned bearish on the company with one report saying the central bank’s decision would ‘end the operations of Paytm Payments Bank’.
Wall Street ends lower after Fed holds rates steady, rules out March rate cut
U.S. stocks tumbled on the last trading day in January after the Federal Reserve held interest rates steady while dashing hopes for interest rate cut as soon as March.
Asia ponders Fed fallout, bonds still bullish on rate cuts
Asian shares faltered on Thursday after Wall Street took a late spill, while investors stuck to bets for sizable cuts in U.S. interest rates this year even if the kick off might now be a little later than first hoped.
Nifty, Sensex may edge higher; volatility likely due to Budget, Fed meet outcome
Investors#39; focus will be on the Budget even though it is a vote on account, Since it is colliding with the US Fed outcome where rates were kept unchanged, analysts expect markets to see some volatility.Taking Stock: Sensex up 612 points, Nifty above 21,700 ahead of Budget, Fed outcome
The biggest Nifty gainers included Dr Reddy#39;s Laboratories, Eicher Motors, Sun Pharma, Divis Labs, Tata Motors, while losers were LT, Titan Company, Tata Consumer and BPCL