Sensex, Nifty Recover After Early Slide

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Sensex, Nifty Recover After Early Slide

(RTTNews) - Indian shares recovered from an early slide to end on a positive note Tuesday, as oil extended losses on demand concerns and the International Monetary Fund sounded bullish on India's growth prospects, saying that the country is a bright spot in an otherwise gloomy global backdrop.

The Economic Survey 2022-23 tabled in Parliament earlier today has projected a GDP growth rate in the range of 6 to 6.8 percent for the next fiscal 2023-24 (FY24).

Global cues were subdued as investors avoided making big decisions ahead of key central bank meetings this week including a two-day policy meeting of the Federal Reserve that gets underway later today.

The benchmark S&P/BSE Sensex swung between gains and losses before ending the session up 49.49 points, or 0.08 percent, at 59,549.90.

The broader NSE Nifty index settled 13.20 points, or 0.07 percent, higher at 17,662.15 as the Follow-On Public Offering (FPO) of Adani Enterprises got fully subscribed on the final day of the subscription.

Adani Ports, UltraTech Cement, Power Grid Corp, Mahindra & Mahindra and SBI all rose around 3 percent in the Nifty pack, while HDFC Life, Britannia Industries, Tech Mahindra, TCS and Bajaj Finance fell 1-2 percent.

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U.S. Small Business Confidence Improves In July - NFIB

U.S. Small Business Confidence Improves In July - NFIB

Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.
RTTNews | il y a 23 minutes
Swiss Market Settles Marginally Higher

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.
RTTNews | il y a 2h 15min
European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.
RTTNews | il y a 2h 35min
Canadian Market Modestly Higher

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.
RTTNews | il y a 3h 12min
UK Labor Market Cools In Q2

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | il y a 6h 36min
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.
RTTNews | il y a 6h 48min
Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform
RTTNews | il y a 7h 12min