Sensex, Nifty Extend Losses For Fourth Day Ahead Of Fed Decision

RTTNews | 1058天前
Sensex, Nifty Extend Losses For Fourth Day Ahead Of Fed Decision

(RTTNews) - Indian shares ended a choppy session lower on Wednesday, extending losses for a fourth straight session.

While caution ahead of the Fed's interest-rate decision weighed on sentiment the downside was capped by improved China data, falling oil prices and a rally in European markets on news that ECB policymakers will hold an emergency meeting later today to discuss the recent sell-off in government bond markets.

Investors awaited the Federal Reserve's interest-rate decision later in the day for clues on how aggressive the U.S. central bank intends to be in the coming months.

The consensus among Fed watchers is that the FOMC will raise its key Fed Funds rate by 50 bps later in the day.

A move of 75 basis points would be a surprise, given the deteriorating outlook for growth around the world.

The benchmark S&P BSE Sensex ended a choppy session down 152.18 points, or 0.29 percent, at 52,541.39 while the broader NSE Nifty index dropped 39.95 points, or 0.25 percent, to 15,692.15.

ONGC led losses to close 3.2 percent lower as oil extended overnight losses on data showing an unexpected rise in U.S. crude inventories last week.

Wipro, Reliance Industries, Infosys and NTPC declined 1-2 percent while Grasim, Hero MotoCorp and Tata Motors all surged around 2 percent.

Bajaj twins - Bajaj Finance and Bajaj Finserv rallied 2.2 percent and 4.2 percent, respectively.

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 | 3小時53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13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33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7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12分鐘前