Sensex, Nifty Drop On Hawkish Fed Minutes; FMCG Stocks Gain

RTTNews | il y a 797
Sensex, Nifty Drop On Hawkish Fed Minutes; FMCG Stocks Gain

(RTTNews) - Indian shares were a tad lower on Thursday as caution crept in ahead of the release of U.S. jobs report due on Friday.

The dollar edged higher against major currencies and Treasury yields jumped after the June FOMC minutes confirmed a hawkish hold stance.

The benchmark S&P/BSE Sensex was down 28 points at 65,418 in early trade, while the broader NSE Nifty index was virtually unchanged at 19,397.

HCL Technologies, Bajaj Finance, Tata Steel, IndusInd Bank and Eicher Motors fell 1-2 percent in the Nifty pack, while FMCG players Britannia Industries and Nestle India were up 2-3 percent.

Indian Oil Corporation jumped 2.6 percent after announcing a rights issue.

Tata Power rallied 2.4 percent on securing an order worth Rs 1,744 crore to implement the smart metering project in Chhattisgarh State Power Distribution Company.

SAIL fell about 1 percent despite achieving record-breaking performance in the first quarter of FY 2023-24 in terms of production and sales.

JSW Steel was marginally higher on news it would replace HDFC in the BSE Sensex from July 13.

Adani Wilmar rose half a percent after it delivered strong double-digit volume growth at 25 percent for the first quarter ended June.

HDFC dropped 0.7 percent. Shares of the mortgager will be delisted following its merger with HDFC Bank.

Marico was slightly lower after the company said its consolidated revenue for the June quarter fell in the low-single digits percentage range.

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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

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European Stocks Close On Mixed Note

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U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

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Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
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U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

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U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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Bay Street Seen Opening Higher

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Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
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Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
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Sensex, Nifty Close On Firm Note Again

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
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