Sensex, Nifty Edge Lower As IT Stocks Drag

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(RTTNews) - Indian shares traded lower on Friday, tracking weak cues from global markets and mixed earnings results from IT giants.

Positive readings on industrial output and retail inflation helped limit overall losses to some extent.

The benchmark S&P BSE Sensex was down 350 points, or half a percent, at 66,054 in early trade, while the broader NSE Nifty index dropped 100 points, or half a percent, to 19,693.

Infosys fell nearly 3 percent after trimming its revenue outlook for FY24. Peers Wipro and Tech Mahindra were down over 1 percent each.

Zee Entertainment Enterprises was marginally lower after NCLAT adjourned the hearing on Axis Finance's plea against Zee-Culver Max merger. Axis Bank shares declined around 2 percent.

HCL Technologies rallied 2.5 percent after reporting better-than-expected profit for the second quarter.

HDFC AMC soared 5 percent on reporting a 20 percent rise in Q2 net profit.

Dr Reddy's Laboratories was down slightly after its Hyderabad manufacturing plant received 9 observations from the U.S. FDA.

SpiceJet rose about 2 percent and InterGlobe Aviation gained about half a percent after data showed domestic air traffic in September rose more than 6 percent compared to the pre-pandemic period and 18.3 percent year-on-year.

Vedanta added half a percent after incorporating a wholly owned subsidiary to implement its demerger scheme.

Maruti Suzuki rose half a percent after the company said it is considering issuing preferential shares for acquiring Suzuki Motor Gujarat Private Limited.

Australian Market Slightly Extends Early Losses In Mid-market

The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology stocks

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Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street and Europe on Friday, on renewed trade and tariff concerns after US President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1. However, Trump agreed to delay a sweeping 50 percent tariff on EU imports until July 9 over the weekend.

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Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Indian shares look set to open higher on Monday, tracking gains in U.S. index futures and mostly positive cues from Asian markets after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.

RTTNews | 1घंटे 14 मिनट पहले

Thai Bourse May Hand Back Friday's Gains

The Thai stock market on Friday snapped the tw0-day slide in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau although it may head south again on Monday.

RTTNews | 1घंटे 47 मिनट पहले

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving up to near the 37,400 level, with gains in index heavyweights, automakers and technology stocks.

RTTNews | 2घंटे 15 मिनट पहले

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 7,210-point plateau, although the rally may stall on Monday.

RTTNews | 2घंटे 17 मिनट पहले

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market bounced higher again on Friday, one day after snapping the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,600-point plateau although it's tipped to open in the red on Monday.

RTTNews | 2घंटे 32 मिनट पहले

Australian Market Slightly Lower

The Australian stock market is slightly lower in choppy trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with a mixed performance across most sectors. Gold miners were the only bright spot

RTTNews | 2घंटे 47 मिनट पहले

EURUSD	1.14088	GBPUSD	1.35782	AUDUSD	0.65217
USDJPY	142.488	USDCAD	1.37006	USDCHF	0.82038

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Sensex, Nifty Edge Lower As IT Stocks Drag