Sensex, Nifty End Lower On Fed Worries

RTTNews | vor 991 Tagen
Sensex, Nifty End Lower On Fed Worries

(RTTNews) - Indian shares ended Thursday's session modestly lower, and the rupee declined against the dollar, as investors reacted to hawkish Fed remarks and strong U.S. retail sales data released overnight.

The dollar recovered from lower levels, as strong U.S. retail sales data cast doubt on recent hopes that inflation is declining and that the Fed will scale down the pace of its rate increases.

The benchmark S&P BSE Sensex ended the session down 230.12 points, or 0.37 percent, at 61,750.60, while the broader NSE Nifty index slipped 65.75 points, or 0.36 percent, to close at 18,343.90.

The downside remained capped as geopolitical tensions eased and oil extended losses on worries about rising COVID-19 cases in China, the world's largest crude importer. Apollo Hospitals Enterprise, Eicher Motors, Tata Motors, Mahindra & Mahindra and Titan Company all fell around 2 percent, while Larsen & Toubro, Adani Enterprises and Tata Consumer Products climbed 1-2 percent.

Paytm shares slumped nearly 11 percent after nearly 6 percent equity of the company changed hands on the NSE via block deals.

Earlier, there were reports that Softbank is selling stake worth $200 million in the company.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | vor 1Std 4 Minuten
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | vor 4Std 58 Minuten
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | vor 5Std 1 Minuten
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | vor 6Std 19 Minuten
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | vor 6Std 26 Minuten
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | vor 7Std 18 Minuten
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | vor 7Std 40 Minuten