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Sensex, Nifty Little Changed In Lackluster Trade; IT Stocks Decline

RTTNews | 5 dias atrás

Sensex, Nifty Little Changed In Lackluster Trade; IT Stocks Decline

(RTTNews) - Indian shares were little changed in cautious trade on Thursday as the U.S. Federal Reserve flagged stagflation concerns and the conflict between Israel and Iran entered its seventh day.

The benchmark 30-share BSE Sensex was up 57 points, or 0.1 percent, at 81,501 in early trade while the broader NSE Nifty index edged up by 14 points to 24,825.

Tata Motors, Mahindra & Mahindra and Titan Company all were up around 1 percent while Infosys, Adani Ports and Tech Mahindra fell 1-2 percent.

ESAF Small Finance Bank jumped more than 9 percent after its board approved the sale of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company.

Hero MotoCorp gained nearly 1 percent on news it will introduce VIDA VX2 with 'Battery-As-A-Service' model on July 1.

Jio Financial Services edged up slightly after acquiring over 7.9 crore equity shares worth Rs 104.54 crore of Jio Payments Bank (JPBL) from SBI.

Abbott India rose half a percent as it signed a pact with MSD Pharmaceuticals to distribute the latter's Sitagliptin-based diabetes medicines in India.

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BoE's Greene Seeks Cautious Approach On Concerns Over High Inflation, Uncertainty

BoE's Greene Seeks Cautious Approach On Concerns Over High Inflation, Uncertainty

The Bank of England must have a prudent approach to reducing interest rates as the U.K. inflation may remain high for a longer time than expected rather than a short-term spike, and also due to risks on the global front including fluctuations in oil prices in the backdrop of the ongoing Middle East conflict, policymaker Megan Greene said on Tuesday.

RTTNews | 1h 57min atrás

Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

E-commerce giant Amazon has announced its plan to invest over $4 billion to expand speed delivery service to thousands of smaller cities, towns, and rural communities across the United States. For the first time, the company will be offering the convenience and reliability of Same-Day and Next-Day Delivery to millions of U.S. customers in more than 4,000 smaller cities, towns, and rural communiti

RTTNews | 3h 14min atrás

Powell Indicates Federal Reserve Likely To Remain On Hold

Powell Indicates Federal Reserve Likely To Remain On Hold

Despite intense pressure from President Donald Trump to lower interest rates, Federal Reserve Chair Jerome Powell on Tuesday indicated the central bank is likely to remain on hold. "For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said.

RTTNews | 4h 47min atrás

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Tuesday.

RTTNews | 5h 1min atrás

FTSE 100 Lags In Ceasefire-led Rebound

FTSE 100 Lags In Ceasefire-led Rebound

With an addition of just a little more than quarter percent, the FTSE 100 benchmark of the London Stock Exchange underperformed its peers in the region.

RTTNews | 5h 32min atrás

CAC 40 Rises As Middle East Tensions Ease

CAC 40 Rises As Middle East Tensions Ease

Positive market sentiment following reports of ceasefire between Israel and Iran boosted the CAC 40 benchmark on Tuesday.

RTTNews | 6h 11min atrás

DAX Outperforms Peers

DAX Outperforms Peers

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange staged an emphatic rebound on Tuesday.

RTTNews | 6h 30min atrás

Sensex, Nifty End Off Day's Highs As Israel And Iran Enter Shaky Ceasefire

Sensex, Nifty End Off Day's Highs As Israel And Iran Enter Shaky Ceasefire

Indian shares ended off their day's highs on Tuesday as Israel accused Iran of breaching the ceasefire, just hours after it was announced by U.S. President Donald Trump earlier.

RTTNews | 7h 23min atrás

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