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Sensex, Nifty End Marginally Lower In Rangebound Trade
(RTTNews) - Indian shares fluctuated in a narrow range before finishing marginally higher on Wednesday.
A cautious undertone prevailed as traders closely monitored escalating violence in Syria and awaited key U.S. inflation readings this week that could influence the Fed's rate trajectory.
The benchmark S&P/BSE Sensex ended the session up 16.09 points, or 0.02 percent, at 81,526.14 amid optimism surrounding potential stimulus measures from China. The broader NSE Nifty index closed at 24,641.80, up 31.75 points, or 0.13 percent, from its previous close.
Hero MotoCorp, Shriram Finance, Britannia Industries, Bajaj Finance and Trent rose 1-2 percent in the Nifty pack while Adani Ports and JSW Steel both fell over 1 percent.
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FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
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U.S. Dollar Rises Ahead Of Fed's Powell Speech
The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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CAC 40 Up Slightly In Lackluster Trade
French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
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