Sensex, Nifty Decline For Second Day On Fed, China COVID Concerns

RTTNews | 979天前
Sensex, Nifty Decline For Second Day On Fed, China COVID Concerns

(RTTNews) - Indian shares fell on Friday but pared some losses in the afternoon trade amid optimism over softening crude prices that were not far off a four-week low hit in the previous session.

A cautious undertone prevailed due to concerns over rising COVID cases in China and hawkish comments from more U.S. Federal Reserve officials.

The rupee held largely steady in the afternoon on the back of a weaker dollar in overseas markets.

The benchmark S&P BSE Sensex fluctuated before ending the session down 87.12 points, or 0.14 percent, at 61,663.48 - extending losses for a second day running.

The broader NSE Nifty index slipped 36.25 points, or 0.20 percent, to settle at 18,307.65.

IndusInd Bank, Bajaj Finance, NTPC, Bajaj Auto and Mahindra & Mahindra fell 2-3 percent in the Nifty pack, while Hindustan Unilever, Asian Paints and HCL Technologies all rose about 1 percent.

read more
Antipodean Currencies Rise As Trade Optimism Prevails

Antipodean Currencies Rise As Trade Optimism Prevails

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the European session on Thursday, after reports emerged that the U.S. and EU are edging closer to a trade deal.
RTTNews | 13分鐘前
European Economic News Preview: ECB To Hold Key Interest Rates As Tariff Deadline Looms

European Economic News Preview: ECB To Hold Key Interest Rates As Tariff Deadline Looms

The European Central Bank is set to adopt a wait-and-see approach on Thursday ahead of a looming tariff deadline. Markets expect the ECB to hold the deposit facility rate at 2.00 percent after cutting it by a quarter basis points each in every rate-setting session since September. The announcement is due at 8.15 am ET.
RTTNews | 4小時8分鐘前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending early losses in mid-market moves on Thursday, reversing 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 just above the 8,700 level, with weakness in mining stocks and a mixed performance in most other sectors.
RTTNews | 4小時43分鐘前
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, amid easing concerns about a global tariff war after US President Donald Trump confirmed major trade deals with Japan and the Philippines, which spurred expectations of further trade agreements as the August 1 deadline nears. Asian markets closed mostly higher on Wednesday.
RTTNews | 5小時3分鐘前