Sensex, Nifty Marginally Higher In Early Trade

RTTNews | hace 552
Sensex, Nifty Marginally Higher In Early Trade

(RTTNews) - Indian shares were marginally higher on Wednesday, with metal and auto stocks pacing the gainers.

The benchmark S&P BSE Sensex was little changed at 73,061 in early trade, while the broader NSE Nifty index was up 5 points at 22,202.

Eicher Motors, JSW Steel, Mahindra & Mahindra, Tata Steel and Hindalco jumped 1-2 percent in the Nifty pack, while Axis Bank, Infosys, Bajaj Auto and Power Grid Corp all fell around 1 percent.

Hindalco Industries rallied 2.6 percent after its subsidiary Novelis filed for an initial public offering.

Union Bank of India surged 4.3 percent after announcing a Rs. 3,000-crore QIP issue.

Raymond added about 1 percent after launching a luxury residential project in Mumbai.

Shares of Zee Entertainment Enterprises plunged 10 percent. Market regulator SEBI has unearthed a financial discrepancy exceeding $240 million or around Rs. 2,000 crores in the accounts of the company, according to a Bloomberg report.

Ashok Leyland climbed 1.2 percent on news it is setting up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh.

Wipro edged up slightly after launching an Enterprise Artificial Intelligence (AI)-Ready Platform.

Whirlpool of India was slightly higher. Promoter Whirlpool Mauritius sold 3,03,89,239 equity shares, which is equivalent to 23.95 percent stake in the company via open market transaction.

read more
TSX Modestly Higher As Financials, Mining Stocks Move Up

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
RTTNews | hace 3h 46min
Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.
RTTNews | hace 4h 3min
U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | hace 7h 56min
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | hace 8h 7min
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | hace 9h 26min