Sensex, Nifty Fall Ahead Of Fed Decision; FMCG Stocks Buck Trend

RTTNews | 980 दिनों पहले
Sensex, Nifty Fall Ahead Of Fed Decision; FMCG Stocks Buck Trend

(RTTNews) - Indian shares followed global peers lower on Wednesday, as investors awaited the U.S. Federal Reserve's much-anticipated interest-rate decision later in the day.

The U.S. central bank is widely expected to hike the policy rate by 75 basis points, but a 100-bps hike is not being ruled out.

Geopolitical tensions also returned to the fore after Russian President Vladimir Putin announced a partial military mobilization in the country.

In a televised address, Putin said the partial mobilization of its 2 million-strong military reserves was to defend Russian territories, claiming the West wants to destroy Russia and did not want peace in Ukraine.

The benchmark S&P BSE Sensex ended the session down 262.96 points, or 0.44 percent, at 59,456.78 while the broader NSE Nifty index settled down 97.90 points, or 0.55 percent, at 17,718.35.

Shree Cement led losses to close almost 6 percent lower while UltraTech Cement, IndusInd Bank, Power Grid and Adani Ports lost 3-4 percent.

FMCG stocks gained on defensive buying, with ITC, Hindustan Unilever and Britannia Industries climbing 1-3 percent.

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Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.
RTTNews | 2घंटे 59 मिनट पहले
European Stocks Fail To Hold Early Gains, Close Broadly Lower

European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
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Canadian Market Slightly Lower; BoM, National Bank Rise On Results

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RTTNews | 4घंटे 6 मिनट पहले
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

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Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
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Bay Street Likely To Open On Mixed Note

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FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | 8घंटे 36 मिनट पहले
German Unemployment Rises More Than Expected

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Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | 8घंटे 40 मिनट पहले
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | 9घंटे 49 मिनट पहले