Sensex, Nifty End Off Day's Lows

RTTNews | vor 959 Tagen
Sensex, Nifty End Off Day's Lows

(RTTNews) - Indian shares ended Tuesday's session lower as fears of a global recession lingered and the Bank of Japan (BoJ) expanded its 10-year Japanese government bond yield target band - raising fears of an eventual tightening in policy.

Markets, however, ended off their day's lows, tracking the intra-day recovery in European stocks and a weakening dollar after BoJ's shock policy move.

The benchmark S&P BSE Sensex hit a low of 61,102.68 before ending the session down 103.90 points, or 0.17 percent, at 61,702.29.

The broader NSE Nifty index closed 35.15 points, or 0.19 percent, lower at 18,385.30 after having hit a low of 18,202.65 earlier.

Hindustan Unilever, Tata Motors, UPL, Eicher Motor and SBI Life fell 2-3 percent in the Nifty pack while Reliance Industries, TCS and Adani Enterprises rose 1-2 percent. The rupee held steady in the afternoon while oil prices rose about 1 percent to extend overnight gains after the U.S. announced a plan to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve following this year's record release of 180 million barrels from the stockpile.

Gold rallied to climb above $1,800 per ounce in European trade, with recession fears and a weaker dollar helping lift bullion's appeal.

read more
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | vor 53 Minuten
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | vor 5Std 25 Minuten
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | vor 5Std 46 Minuten
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | vor 8Std 23 Minuten
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | vor 9Std 9 Minuten