Sensex, Nifty Open Lower As Traders Pare Rate Cut Bets
(RTTNews) - Indian shares opened slightly lower on Wednesday as upbeat U.S. economic data prompted traders to pare rate cut bets.
The benchmark S&P/BSE Sensex was down 110 points, or 0.1 percent, at 78,092 in early trade, tracking a firmer dollar and elevated bond yields in international markets.
The broader NSE Nifty index dropped 25 points, or 0.1 percent, to 23,683.
Tata Elxsi fell 2.1 percent as it entered into a strategic partnership with CSIR-National Aerospace Laboratories to drive innovations in air mobility.
Ola Electric Mobility shares were down 4 percent. Market regulator SEBI has issued a warning letter to the company for violation of disclosure norms.
Birlasoft declined 1.7 percent as CEO Roopinder Singh quit the company.
Tata Steel was marginally lower after reporting a 6.17 percent YoY rise in crude steel production for Q3FY25.
NTPC shed 0.6 percent after incorporating a new subsidiary to lead its nuclear energy ventures.
Jindal Worldwide jumped more than 5 percent after announcing a 4:1 bonus issue.
Tata Technologies rallied 2.2 percent after it joined hands with Telechips to advance their automotive technologies.
WPIL surged almost 5 percent after it acquired Italian pump major MISA.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
