Sensex, Nifty Drift Lower As Investors Eye Fed Meet

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Sensex, Nifty Drift Lower As Investors Eye Fed Meet

(RTTNews) - Indian shares slipped into the red in cautious trade on Wednesday ahead of a Federal Reserve meeting later in the day that's expected to deliver a hefty interest-rate hike to fight inflation.

The benchmark S&P BSE Sensex slipped 77 points, or 0.2 percent, to 52,616, giving up early gains. The broader NSE Nifty index was down 30 points, or 0.2 percent, at 15,702.

LIC surged 4.5 percent after increasing its stake in non-banking finance company Capri Global Capital.

Engineers India rallied 2 percent after it has been appointed as project management consultant for Neyveli Lignite's 1,200 TPD lignite to methanol project.

GPT Infraprojects added 1 percent after incorporating a new subsidiary 'RMS GPT Ghana' at Republic of Ghana for manufacture of concrete sleepers.

SBI rose 0.7 percent after hiking deposit and lending rates.

Wipro edged up slightly on news it would increase its investment in Norway.

Shriram City Union Finance rose half a percent and PNB Housing Finance climbed 1.2 percent on fund raising reports.

Asian Paints gained half a percent. Weatherseal Fenestration is now a subsidiary of the company.

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Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
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Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
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Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
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Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had jumped more than 750 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 24,230-point plateau although it figures to bounce higher again on Friday.
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Japan Retail Sales Add 0.3% In July

Japan Retail Sales Add 0.3% In July

The value of retail sales in Japan was up a seasonally adjusted 0.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday - coming in at 13.335 trillion yen.
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Singapore Stock Market May Add To Its Winnings On Friday

Singapore Stock Market May Add To Its Winnings On Friday

The Singapore stock market has finished higher in consecutive trading days, gathering more than 10 points or 0.25 percent in that span. The Straits Times Index now sits just above the 4,250-point plateau see additional support on Friday.
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