Sensex, Nifty Follow Global Peers Lower

RTTNews | 657 दिनों पहले
Sensex, Nifty Follow Global Peers Lower

(RTTNews) - Indian shares ended slightly lower on Friday as risk-off sentiment prevailed in global financial markets amid fears of U.S. interest rates remaining higher for longer and concerns about spreading debt defaults in China's property market.

China's property developer Evergrande filed for bankruptcy protection in a U.S. court, raising concerns about ripple effects.

A liquidity crisis at one of China's top asset managers Zhongzhi Enterprise Group has raised worries of a contagion risk to the financial sector.

The benchmark S&P BSE Sensex ended the session down 202.36 points, or 0.31 percent, at 64.948.66 while the broader NSE Nifty index settled 55.10 points, or 0.28 percent, lower at 19,310.15.

Infosys, Hindalco, TCS, Tech Mahindra and Hero MotoCorp all fell around 2 percent while Adani Enterprises jumped 3.7 percent and Adani Ports added 3 percent after reports that Abu Dhabi National Energy Co. PJSC (TAQA) is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity.

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Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.
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U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

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Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
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U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

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U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
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German Manufacturing Orders Rise Unexpectedly

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
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U.S. Trade Deficit Narrows Much More Than Expected In April

U.S. Trade Deficit Narrows Much More Than Expected In April

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April.
RTTNews | 4घंटे 11 मिनट पहले
U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st.
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