Sensex, Nifty End Marginally Lower; IT Stocks Worst Hit

RTTNews | il y a 683
Sensex, Nifty End Marginally Lower; IT Stocks Worst Hit

(RTTNews) - Indian shares ended Thursday's session marginally lower after a choppy session.

While a rebound in oil prices and lingering worries surrounding ongoing conflict between Israel and Palestinian group Hamas in the Middle East dented sentiment, a continued decline in the dollar index and Treasury yields on the back of dovish Fed commentary helped limit overall losses.

Oil prices were up more than 1 percent in European trade amid concerns that the Israel-Hamas conflict may spread across the region, endangering crude flows.

Also boosting oil prices, OPEC+ leaders Saudi Arabia and Russia have reaffirmed their close cooperation in the crude market with a public show of unity.

The benchmark S&P BSE Sensex ended the session down 64.66 points, or 0.10 percent, at 66,408.39 ahead of U.S. consumer price inflation data due later in the day that could influence the Federal Reserve's rate trajectory.

The broader NSE Nifty index settled 17.35 points, or 0.09 percent, lower at 19,794, dragged down by IT stocks.

TCS fell 1.9 percent after stating that headwinds continue for the sector amid a sluggish economic climate.

Infosys lost 2.8 percent and HCL Technologies declined 1.8 percent ahead of their earnings results due later in the day. Peer Tech Mahindra gave up 2.8 percent.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | il y a 53 minutes
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | il y a 1h 14min
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 2h 25min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | il y a 2h 53min
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 2h 55min
Hong Kong Shares May Be Stuck In Neutral On Tuesday

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 3h 10min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
RTTNews | il y a 3h 13min