Sensex, Nifty Off Day's Lows; Financials Drag

RTTNews | vor 970 Tagen
Sensex, Nifty Off Day's Lows; Financials Drag

(RTTNews) - Indian shares opened lower on Thursday amid weak global cues and the expiry of weekly F&O contracts.

The benchmark S&P BSE Sensex was down 164 points, or 0.3 percent, at 59,292, after having hit a low of 58,973 earlier in the session.

The broader NSE Nifty index also traded off its day's lows at 17,671, down 47 points, or 0.3 percent, from its previous close.

Recession worries gripped world markets after Federal Reserve officials raised interest rates by 75 bps for the third consecutive time and forecast they would reach 4.6 percent in 2023, stepping up their fight to curb inflation that's persisted near the highest levels since the 1980s.

The Indian rupee weakened to a new record low beyond 80 per dollar, as yields surged, and the dollar hit a fresh two-decade high against major peers.

Cipla, Bajaj FinServ, HDFC Bank, SBI Life and HDFC fell 1-2 percent in the Nifty pack, while Shree Cement, Eicher Motors, Hindustan Unilever, Adani Ports and ITC all traded up over 1 percent.

Wipro fell about 1 percent after saying it has sacked 300 employees who it discovered were working for its competitors while still being on the company's payroll.

Adani Ports gained 1.4 percent on news it will develop a port in India's West Bengal state at a planned investment of more than $3 billion.

HDFC Bank declined 1.2 percent. The private sector lender has signed a long-term data and technology agreement with London Stock Exchange group's Refinitiv.

State Bank of India edged down slightly after raising Rs 4,000 crore via a bonds issue.

Triveni Engineering & Industries dropped 1 percent. The sugar firm has sold its entire 21.85 per cent stake in Triveni Turbines for about Rs 1,600 crore.

read more
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | vor 52 Minuten
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | vor 2Std 30 Minuten
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | vor 2Std 46 Minuten
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | vor 3Std 18 Minuten
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | vor 3Std 59 Minuten
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
RTTNews | vor 4Std 23 Minuten