Sensex, Nifty Drift Lower As China Sets Modest GDP Target

RTTNews | il y a 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.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | il y a 14 minutes
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | il y a 43 minutes
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | il y a 1h 49min
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | il y a 2h 6min
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | il y a 2h 19min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | il y a 2h 28min
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | il y a 2h 34min