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Sensex, Nifty Modestly Lower As Adani Group Stocks Tumble

RTTNews | il y a 533

Sensex, Nifty Modestly Lower As Adani Group Stocks Tumble

(RTTNews) - Indian shares traded lower on Monday, though the downside remained capped after Chinese industrial output and retail sales data beat expectations.

The benchmark S&P BSE Sensex dipped 177 points, or 0.2 percent, to 72,465 in early trade while the broader NSE Nifty index was down 59 points, or 0.3 percent, at 21,964.

Adani Group stocks tumbled on news that U.S. prosecutors have widened their probe on the Group, with focus on potential bribery and the actions of its billionaire founder, Gautam Adani.

Adani Enterprises was down 3.7 percent, Adani Ports lost 3.5 percent and Adani Power dropped 1.4 percent.

Asian Paints, Power Grid Corp and UPL fell 1-2 percent while Apollo Hospitals Enterprise, Tata Steel, JSW Steel and Mahindra & Mahindra rallied 1-3 percent.

Zee Entertainment Enterprises advanced 1.5 percent on reports the company is restructuring its operations following a failed merger with Sony.

NHPC climbed 1.2 percent after winning a contract for a 200 MW solar power project in Gujarat.

RailTel Corp gained 1.6 percent on securing a work order worth Rs. 130 crores from the State Project Director (SPD) of the Bihar Education Project Council (BEPC).

DroneAcharya Aerial Innovations surged 4.5 percent on winning a contract to supply IT hardware for the Indian Army's Drone Lab in Jammu and Kashmir.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | il y a 50 minutes

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | il y a 55 minutes

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | il y a 1h 2min

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | il y a 3h 3min

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | il y a 3h 15min

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | il y a 3h 17min

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | il y a 4h 4min

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | il y a 5h 13min

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