Sensex, Nifty End Marginally Lower; IT Stocks Worst Hit

RTTNews | vor 686 Tagen
Sensex, Nifty End Marginally Lower; IT Stocks Worst Hit

(RTTNews) - Indian shares ended Thursday's session marginally lower after a choppy session.

While a rebound in oil prices and lingering worries surrounding ongoing conflict between Israel and Palestinian group Hamas in the Middle East dented sentiment, a continued decline in the dollar index and Treasury yields on the back of dovish Fed commentary helped limit overall losses.

Oil prices were up more than 1 percent in European trade amid concerns that the Israel-Hamas conflict may spread across the region, endangering crude flows.

Also boosting oil prices, OPEC+ leaders Saudi Arabia and Russia have reaffirmed their close cooperation in the crude market with a public show of unity.

The benchmark S&P BSE Sensex ended the session down 64.66 points, or 0.10 percent, at 66,408.39 ahead of U.S. consumer price inflation data due later in the day that could influence the Federal Reserve's rate trajectory.

The broader NSE Nifty index settled 17.35 points, or 0.09 percent, lower at 19,794, dragged down by IT stocks.

TCS fell 1.9 percent after stating that headwinds continue for the sector amid a sluggish economic climate.

Infosys lost 2.8 percent and HCL Technologies declined 1.8 percent ahead of their earnings results due later in the day. Peer Tech Mahindra gave up 2.8 percent.

read more
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | vor 48 Minuten
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | vor 2Std 40 Minuten
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | vor 3Std 32 Minuten
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | vor 3Std 33 Minuten
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | vor 4Std 59 Minuten
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | vor 5Std 14 Minuten