Sensex, Nifty End Choppy Session Little Changed

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Sensex, Nifty End Choppy Session Little Changed

(RTTNews) - Indian shares ended a choppy session little changed on Wednesday as investors reacted to hawkish Fed comments and clung to hopes for a Middle East ceasefire deal.

Markets repriced their expectations for U.S. rate cuts this year after Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates will likely stay high for an "extending period" and that he will support a hike if inflation stalls near 3 percent.

In the Middle East, Israeli troops seized control of Gaza's vital Rafah border crossing on Tuesday as captive-exchange talks continue.

Urgent ceasefire talks are being held in Cairo, but Hamas have warned there will be no negotiations if Israel's operation in Rafah continues.

The benchmark S&P BSE Sensex ended the session down 45.46 points, or 0.06 percent, at 74,466.39 after a choppy session. The broader NSE Nifty index closed virtually unchanged at 22,302.50.

In corporate news, Dr Reddy's Laboratories lost 3.3 percent after reporting a 3 percent sequential decline in quarterly net profit.

Asian Paints declined 2.2 percent ahead of its earnings release while Grasim, UltraTech Cement and HDFC Bank all fell around 2 percent.

Metal and auto stocks surged, with Coal India, Hindalco, Tata Motors and Hero MotoCorp all ending up over 2 percent.

BPCL rallied 2.8 percent after oil prices fell over 1 percent to hit two-month lows in European trade on bearish inventory data.

Bharat Forge soared 16 percent after Q4 net profit jumped 78 percent year-on-year.

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Singapore Bourse May Hand Back Tuesday's Gains

Singapore Bourse May Hand Back Tuesday's Gains

The Singapore stock market on Tuesday finally halted the seven-day losing streak in which it had slumped more than 55 points or 1.3 percent. The Straits Times Index now sits just above the 4,300-point plateau although it may head south again on Wednesday.
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Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has ticked higher in two straight sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may run out of steam on Wednesday.
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Renewed Selling Pressure Likely For Japan Stock Market

Renewed Selling Pressure Likely For Japan Stock Market

Ahead of Tuesday's holiday for the Autumnal Equinox, the Japanese stock market had alternated between positive and negative finishes through the previous four trading days, since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,500-point plateau and it's looking at a soft start on Wednesday.
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KOSPI Due For Profit Taking On Wednesday

KOSPI Due For Profit Taking On Wednesday

The South Korea stock market has finished higher in back-to-back sessions, advancing more than 40 points or 1.1 percent along the way. Now at another fresh record closing high, the KOSPI sits just above the 3,485-point plateau although investors are likely to lock in gains on Wednesday.
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Consumer Confidence Ebbs In September - BoK

Consumer Confidence Ebbs In September - BoK

Consumer confidence in South Korea dipped in September, the latest survey from the Bank of Korea said on Wednesday with a consumer sentiment index score of 110.1.
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Japan Manufacturing PMI Data Due On Wednesday

Japan Manufacturing PMI Data Due On Wednesday

Japan will on Wednesday see September results for the manufacturing and services PMIs from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In August, their scores were 49.7 and 53.1, respectively.
RTTNews | 2घंटे 14 मिनट पहले
OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.
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