Sensex, Nifty Close Lower For 3rd Straight Day

RTTNews | vor 846 Tagen

(RTTNews) - Indian benchmark indices Sensex and the Nifty50 posted losses for the third consecutive session as stocks fell on Wednesday with lingering concerns about U.S. interest rates continuing to outweigh recent strong economic data from China.

Technology stocks, which recovered a bit in the previous session after having suffered sharp losses at the start of the week, turned weak again and contributed significantly to market's decline today.

PSU bank stocks were a bit weak due to profit taking after recent strong gains. Media stocks were weak, while metal stocks failed to hold early gains.

The BSE Sensex, which fell to 59,452.72 around mid afternoon, ended the session with a loss of 159.21 points or 0.27% at 59,567.80. The Nifty50 settled at 17,618.75 with a loss of 41.40 points or 0.23%.

HCL Technologies ended 2.4% down ahead of the company's quarterly earnings announcement, due on Thursday.

Infosys drifted lower by 2.28%, Wipro ended 1.8% down, and Tata Consultancy Services lost 1.36%, while Tech Mahindra shed a little over 1%.

IndusInd Bank declined 2.35%. NTPC and Asian Paints both shed about 1.7%. UltraTech Cement, State Bank of India, Sun Pharmaceuticals, Tata Motors, Hind Unilever, Maruti Suzuki and ICICI Bank lost 0.5 to 1.1%.

Axis Bank, Mahindra & Mahindra, Bharti Airtel, HDFC, HDFC Bank, Tata Steel, Reliance Industries and Bajaj Finance gained 0.5 to 1.05%.

BPCL, up 2.4%, was the top gainer in the Nifty index. Divi's Laboratories gained nearly 2%. Eicher Motors and JSW Steel posted modest gains.

SBI Life, HDFC Life, Cipla, Coal India, Tata Consumer Products and Grasim Industries ended notably lower.

ICICI Lombard General Insurance shares slid 4.75% despite reporting higher earnings. The insurer reported a net profit of Rs 437 crore for the January-March quarter, up 40% from a net profit of Rs 312 crore it posted in the year-ago quarter.

On BSE, 1,811 stocks posted gains, and 1,701 stocks closed weak, while 122 stocks ended flat.

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | vor 42 Minuten

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.

RTTNews | vor 54 Minuten

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform

RTTNews | vor 1Std 18 Minuten

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 a report released by the Labor Department on Tuesday.

RTTNews | vor 1Std 38 Minuten

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | vor 2Std 13 Minuten

Bay Street Likely To Open Flat Or Slightly Higher

The Canadian market is likely to open on a flat to slightly positive note Tuesday morning, amid easing trade concerns following the U.S. government extending its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war.

RTTNews | vor 2Std 15 Minuten

FTSE Up Marginally; Spirax Group Shares Jump On Strong Earnings

U.K. stocks are up in positive territory around noon on Tuesday, supported by some encouraging earnings, and easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10.

RTTNews | vor 3Std 10 Minuten

Euro Slides On Downbeat German Economic Sentiment Data

The euro weakened against other major currencies in the European session on Tuesday, after German economic confidence deteriorated sharply in August due to disappointing EU-US trade deal.

RTTNews | vor 3Std 35 Minuten

EURUSD	1.16422	GBPUSD	1.34793	AUDUSD	0.65037
USDJPY	148.387	USDCAD	1.37778	USDCHF	0.8104