Sensex, Nifty Extend Losses For Fifth Day

RTTNews | Před 252 dny
Sensex, Nifty Extend Losses For Fifth Day

(RTTNews) - Indian shares edged lower at open on Friday, extending losses for a fifth day running amid concerns that U.S. President-elect Donald Trump's fiscal, trade and tariff policies could prompt the Federal Reserve to end its rate-cutting cycle.

The benchmark S&P/BSE Sensex was down 292 points, or 0.4 percent, at 78,825 in early trade while the broader NSE Nifty index dipped 67 points, or 0.3 percent, to 23,884.

Among the prominent decliners, Larsen & Toubro, UltraTech Cement, JSW Steel, Tech Mahindra and Axis Bank fell 1-2 percent.

Acme Solar rallied 2 percent after commissioning a 1,023 MW solar capacity project in Rajasthan.

Tata Consumer Products rose about 1 percent. The company has denied reports of coffee chain operator Starbucks mulling an exit from India.

Amara Raja Energy & Mobility rose half a percent. Hyundai Motor India said it will use Amaron batteries in its vehicles going forward. DOMS Industries fell about 1 percent after its Italian promoter FILA Group sold a 4.6 pe cent stake worth Rs 798 crore in the company.

Indian Oil Corp gained half a percent on news it will invest Rs 21,000 crore towards expanding its refinery in Bihar.

SpiceJet declined 2 percent after settling its dispute with aircraft lessor Genesis over the repayment of dues worth $16 million.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | Před 2 h 11 min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Před 5 h 1 min
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Před 5 h 30 min
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Před 8 h 33 min
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Před 9 h 16 min