Sensex, Nifty Drift Lower As China Sets Modest GDP Target

RTTNews | hace 542
Sensex, Nifty Drift Lower As China Sets Modest GDP Target

(RTTNews) - Indian shares were a tad lower on Tuesday, mirroring weak cues from other Asian markets after China set this year's GDP growth target at 5 percent.

Investors also awaited Federal Reserve Chair Jerome Powell's congressional testimony and key jobs data for further clues on the U.S. central bank's rate trajectory.

The benchmark S&P BSE Sensex was down 166 points, or 0.2 percent, at 73,710 while the broader NSE Nifty index was down 42 points, or 0.2 percent, at 22,363.

Tata Motors jumped 4.5 percent after it decided to demerge its businesses into two separate listed companies.

NBCC climbed 1.7 percent on bagging a work order worth Rs 92 crore from the Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh.

NTPC gained 1 percent. its subsidiary, NTPC Green Energy, has signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam for the development of renewable power parks and projects in Uttar Pradesh.

Swan Energy advanced 1.4 percent after its LNG arm prepaid Rs 2,206 crore debt. Macrotech Developers added 1.4 percent after launching a QIP issue.

IIFL Finance plunged 20 percent after the Reserve Bank of India (RBI) ordered the company to "cease and desist" from sanctioning or disbursing gold loans with immediate effect.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | hace 32 minutos
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | hace 1h 15min
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | hace 1h 44min
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | hace 2h 58min