Sensex, Nifty End Modestly Lower In Year-end Trade

RTTNews | vor 675 Tagen
Sensex, Nifty End Modestly Lower In Year-end Trade

(RTTNews) - Indian shares fell slightly on Friday but ended the year with significant gains on hopes that global central banks led by the U.S. Federal Reserve will cut interest rates next year in view of slowing inflation.

The benchmark S&P BSE Sensex dropped 170.12 points, or 0.23 percent, to 72,240.26 on the last trading day of the year while the broader NSE Nifty index settled 47.30 points, or 0.22 percent, lower at 21,731.40.

Eighteen shares advanced in the Nifty pack, while thirty-one declined and one stock closed unchanged.

BPCL led losses to close 3.2 percent lower while Coal India, Infosys, ONGC and SBI all fell over 1 percent.

Among the prominent gainers, Tata Consumer Products jumped 4.6 percent on merger news and Tata Motors rallied 3.4 percent while Adani Enterprises, Nestle India and Bajaj Auto rose 1-2 percent.

The Sensex gained more than 18 percent in 2023 to reach new highs while the Nifty index jumped over 19 percent.

read more
Swiss Market Pares Early Gains, Settles Flat

Swiss Market Pares Early Gains, Settles Flat

Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
RTTNews | vor 2Std 3 Minuten
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | vor 2Std 34 Minuten
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | vor 4Std 49 Minuten
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | vor 6Std 50 Minuten
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | vor 7Std 23 Minuten
Eurozone Manufacturing Sector Stagnates In October

Eurozone Manufacturing Sector Stagnates In October

Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
RTTNews | vor 7Std 55 Minuten