Sensex, Nifty End Choppy Session On Flat Note; Auto Stocks Rally

RTTNews | vor 686 Tagen
Sensex, Nifty End Choppy Session On Flat Note; Auto Stocks Rally

(RTTNews) - Indian shares fluctuated before ending little changed on Wednesday as weak service sector activity data from China, Europe and the U.K. added to recession worries. Closer home, a survey showed growth in India's services sector fell to a three-month low in June.

The benchmark S&P/BSE Sensex ended a choppy session down 33.01 points at 65,446.04, after having hit a fresh record closing high for a fourth straight session the previous day.

The broader NSE Nifty index closed up 9.50 points at 19,398.50.

Bajaj Auto soared nearly 6 percent. Domestic sales of its electric scooter Chetak grew over four-fold to 36,260 units in FY23, according to the company's latest annual report.

Divis Laboratories followed suit with a 5.9 percent gain, HDFC Life shares jumped 4.3 percent, Maruti Suzuki India rallied 3.6 percent and Hero MotoCorp added 3.5 percent. HDFC twins fell on profit taking after recent strong gains. HDFC Bank and HDFC both lost around 3 percent after the release of Q1 business update.

Eicher Motors dropped 2.6 percent while both UPL and Tata Consumer Products fell over 1 percent.

read more
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | vor 27 Minuten
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | vor 34 Minuten
DAX Drifts Lower On Geopolitical Concerns

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews | vor 55 Minuten
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.
RTTNews | vor 2Std 8 Minuten
U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
RTTNews | vor 3Std 16 Minuten
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | vor 4Std 28 Minuten
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | vor 5Std 22 Minuten