Sensex, Nifty Slip Into Red Ahead Of US Inflation Data; Wipro Worst Hit

RTTNews | Před 949 dny
Sensex, Nifty Slip Into Red Ahead Of US Inflation Data; Wipro Worst Hit

(RTTNews) - Indian shares opened a tad lower on Thursday as investors await U.S. inflation data later in the day for additional clues on the rate outlook.

The benchmark S&P BSE Sensex dropped 110 points, or 0.2 percent, to 57,517 in early trade, while the broader NSE Nifty index was down 31 points, or 0.2 percent, at 17,092.

IT major Wipro plunged 5.6 percent after it forecast smaller sequential revenue growth for the December quarter.

Infosys was modestly lower and MindTree fell 1.6 percent ahead of their earnings results due today.

Bajaj FinServ, Adani Ports and ONGC all fell around 1 percent.

HCL Technologies jumped 3.2 percent after raising its 2023 revenue growth target. SAIL was down 0.6 percent. The central government has scrapped the privatization of its Bhadravathi steel plant, citing insufficient bidder interest.

Vedanta gained half a percent after it received shareholder approval to rejig capital.

Adani Wilmar lost 2 percent. The company expects Q2 revenue growth in low single digit.

Power Grid Corp edged down slightly. LIC said it has cut stake in the company to 3.30 percent from 5.30 percent.

read more
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
RTTNews | Před 50 minutami
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | Před 1 h 16 min
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | Před 3 h 37 min
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | Před 5 h 10 min