Sensex, Nifty Struggle For Direction; Financials Underperform

RTTNews | vor 262 Tagen
Sensex, Nifty Struggle For Direction; Financials Underperform

(RTTNews) - Indian shares struggled for direction in early trade on Monday despite Wall Street's main indexes inching higher to reach new record closing highs in a shortened Black Friday trading session.

Investors sentiment was dented after India's Q2 GDP data came in much lower at 5.4 percent against the estimate of 6.5 percent.

Global factors like political uncertainty in France, Donald Trump seeking a commitment from the BRICS nations on using the dollar and a mixed set of economic data from China also weighed on sentiment.

The benchmark S&P/BSE Sensex was down 60 points at 79,743 while the broader NSE Nifty index was up 5 points at 24,135.

Grasim, Adani Ports, UltraTech, Shriram Finance and Maruti Suzuki India all rose about 2 percent in the Nifty pack while HDFC Bank, Cipla, Bajaj Finance, IndusInd Bank and HDFC Life all fell around 1 percent.

read more
Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
RTTNews | vor 22 Minuten
U.S. Jobless Claims Rise More Than Expected To 235,000

U.S. Jobless Claims Rise More Than Expected To 235,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.
RTTNews | vor 37 Minuten
Euro, Pound Rises After Eurozone, U.K. PMI Reports

Euro, Pound Rises After Eurozone, U.K. PMI Reports

The European currency abd British pound strengthened against other major currencies in the European session on Thursday, after the release of Purchasing Managers' index data from both economies.
RTTNews | vor 1Std 27 Minuten
Canadian Stocks May Open Slightly Weak

Canadian Stocks May Open Slightly Weak

Canadian shares may open slightly down on Thursday with investors focusing on the upcoming speeches by central bank chiefs, including Fed Chair Jerome Powell, at the Jackson Hole Symposium.
RTTNews | vor 1Std 34 Minuten
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday.
RTTNews | vor 1Std 50 Minuten
FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

U.K. stocks are drifting down a bit on Thursday with investors largely staying cautious, digesting flash survey data on regional manufacturing and services sector activity, and looking ahead to the Jackson Hole Symposium.
RTTNews | vor 3Std 9 Minuten