Sensex, Nifty End Off Day's Lows Ahead Of TCS Results

RTTNews | il y a 956
Sensex, Nifty End Off Day's Lows Ahead Of TCS Results

(RTTNews) - Indian shares followed global peers lower on Monday, as better-than-expected U.S. jobs data released on Friday cemented bets of more large Federal Reserve rate hikes.

Domestic markets, however, ended well off their day's lows despite elevated crude oil prices, muted FII inflows and a weakening rupee, which dropped 39 paise to a record low of 82.69 against the U.S. dollar in early trade.

The benchmark S&P BSE Sensex hit an intraday low of 57,365.68 before recouping most of its losses to end the session down 200.18 points, or 0.34 percent, at 57,991.11.

Likewise, the broader NSE Nifty index settled down 73.65 points, or 0.43 percent at 17,241, after having hit a low of 17,064.70 earlier in the day.

Among the prominent decliners, ITC, Asian Paints, Hero MotoCorp, Tata Consumer Products and Tata Motors fell 2-4 percent.

On the positive side, Axis Bank soared 3 percent. The private sector lender said that its employees working from anywhere were awarded higher performance ratings and promotions as compared to the overall staff population.

Tata Consultancy Services (TCS) gained 1.9 percent ahead of its July-September earnings release while Eicher Motors, Wipro and HDFC Life all rose over 1 percent.

IDBI Bank jumped 9 percent after the finance ministry invited initial bids for strategic disinvestment in the lender.

read more
U.S. Dollar Falls Amid Growing U.S. Debt Concerns

U.S. Dollar Falls Amid Growing U.S. Debt Concerns

The U.S. dollar weakened against other major currencies in the European session on Friday, amid concerns about the fiscal impact of the U.S. Republican tax cut bill.
RTTNews | il y a 22 minutes
Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks ended mixed on Friday despite a retreat in U.S. Treasury yields and comments from a Federal Reserve official that the U.S. central bank might lower interest rates in 2025 if tariff issues are resolved.
RTTNews | il y a 1h 28min
UK Retail Sales Growth Tops Expectations On Warm Weather

UK Retail Sales Growth Tops Expectations On Warm Weather

UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday. A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England. Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise
RTTNews | il y a 1h 59min
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Friday as U.S. President Donald Trump's "big, beautiful" tax bill heads to the Senate for debate and review.
RTTNews | il y a 4h 27min
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | il y a 5h 12min
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | il y a 5h 49min