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Sensex, Nifty Turn Lower Amid Uncertainty Around Fed Easing

RTTNews | hace 508

Sensex, Nifty Turn Lower Amid Uncertainty Around Fed Easing

(RTTNews) - Indian shares traded lower on Friday amid signs of escalating geopolitical tensions in the Middle East and uncertainty over the pace of U.S. interest-rate cuts this year. The benchmark S&P BSE Sensex was down 345 points, or half a percent, at 74,692 while the broader NSE Nifty index slipped 102 points, or half a percent, to 22,651.

Kotak Mahindra Bank, Maruti Suzuki India, Asian Paints and JSW Steel fell 1-2 percent while Tata Motors, Coal India and Divis Laboratories all rose over 1 percent.

NTPC climbed 1.7 percent as its subsidiary NTPC Green Energy shortlisted four investment banks to manage its Rs 10,000 crore initial public offering.

Sun Pharma declined 1.6 percent after halting trial of its Parkinson's disease drug. TCS was marginally higher ahead of its Q4 earnings release.

Vodafone Idea fell about 3 percent on reports it will launch a Rs 20,000 crore follow-on public offer (FPO) on April 18.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | hace 4h 27min

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | hace 4h 33min

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | hace 4h 40min

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | hace 6h 40min

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | hace 6h 52min

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | hace 6h 55min

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | hace 7h 42min

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | hace 8h 50min

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