Sensex, Nifty End Notably Lower Ahead Of US Inflation Report

RTTNews | 938天前
Sensex, Nifty End Notably Lower Ahead Of US Inflation Report

(RTTNews) - Indian shares ended Thursday's session notably lower as investors awaited U.S. consumer price inflation data later in the day that could influence the Fed's path forward on rates.

The CPI print due later in the day is expected to support the likelihood of a 75-basis point rate hike from the Federal Reserve next month.

Investors also weighed the risks of a global recession amid hawkish Fed rhetoric, escalating geopolitical tensions, China's continuing COVID-19 restrictions and a renewed sell-off in U.K. government bonds.

The benchmark S&P/BSE Sensex fell 390.58 points, or 0.68 percent, to 57,235.33 after having touched a low of 57,055.75 earlier in the day.

The broader NSE Nifty index settled at 17,014.35, down 109.25 points, or 0.64 percent, from its previous close, amid the weekly F&O expiry.

Wipro led losses to close 7 percent lower after the IT major forecast smaller sequential revenue growth for the December quarter.

ICICI Bank, SBI Life, SBI and Adani Ports all fell around 2 percent.

HCL Technologies rose over 3 percent after raising its 2023 revenue growth target.

Dr Reddy's Laboratories, Coal India and Sun Pharma rose around 1 percent each.

read more
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a positive start and a subsequent mild setback, the Switzerland market recovered and stayed firm till a little past mid afternoon on Thursday, but turned weak and ended the day's session moderately lower. Investors digested the monetary policy moves of the Federal Reserve and the Bank of England, and reports about the U.S. and the U.K. striking a trade deal.
RTTNews | 4小時15分鐘前
European Stocks Close On Firm Note On Easing Trade Tensions

European Stocks Close On Firm Note On Easing Trade Tensions

European stocks closed on a firm note on Thursday with investors reacting to earnings, and news about an impending trade deal between the U.S. and the U.K., and digesting the Bank of England and the Federal Reserve's monetary policy moves.
RTTNews | 4小時35分鐘前
U.S. Wholesale Inventories Climb Slightly Less Than Expected In March

U.S. Wholesale Inventories Climb Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing wholesale inventories in U.S. increased by slightly less than expected in the month of March. The report said wholesale inventories rose by 0.4 percent in March after climbing by an upwardly revised 0.5 percent in February.
RTTNews | 6小時55分鐘前
U.S. Labor Productivity Decreases For First Time Since 2022

U.S. Labor Productivity Decreases For First Time Since 2022

The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs. The report said labor productivity fell by 0.8 percent in the first quarter after jumping by an upwardly revised 1.7 percent in the fourth quarter of 2024.
RTTNews | 7小時29分鐘前
U.S. Weekly Jobless Claims Dip Slightly More Than Expected

U.S. Weekly Jobless Claims Dip Slightly More Than Expected

First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 7小時34分鐘前