Sensex, Nifty Little Changed As IT Stocks Drag

RTTNews | 972天前
Sensex, Nifty Little Changed As IT Stocks Drag

(RTTNews) - Indian shares were little changed in early trade on Friday, as investors awaited the outcome of a slew of central bank meetings next week for additional clues on the pace of rate hikes.

The benchmark S&P BSE Sensex was up 8 points at 62,580 while the broader NSE Nifty index was up 15 points at 18,625.

IT stocks traded weak, with HCL Technologies plunging more than 5 percent after the company said it expects the revenue growth guidance for financial year 2023 to come at the lower end of its guidance.

Infosys and Tech Mahindra both fell around 1 percent.

Paytm surged 4.4 percent on share buyback news.

Sun Pharma gained 1 percent after falling more than 3 percent in the previous session.

The drug major clarified that it is not revising the revenue guidance for current financial year and also there will be no impact on specialty revenues following an import alert for its Halol facility.

Hindustan Unilever rose about 1 percent after it inked an agreement to buy 19.8 percent shareholding of Nutritionalab for Rs 70 crore.

Lupin edged up slightly after appointing Spiro Gavaris as President of its U.S. generics business.

Jyoti soared 10 percent on winning an order worth Rs. 21.25 crore Navayuga Engineering Company.

Ahluwalia Contracts advanced 1.3 percent on securing a construction order worth Rs 55.39 crore.

read more
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 36分鐘前
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 1小時16分鐘前
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1小時36分鐘前
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 1小時47分鐘前
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | 2小時52分鐘前
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | 3小時17分鐘前