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Sensex, Nifty Open Lower On Tariff Worries

RTTNews | 50天前

Sensex, Nifty Open Lower On Tariff Worries

(RTTNews) - Indian shares were subdued in early trade on Monday, with IT stocks pacing the declines.

A cautious undertone prevailed after U.S. President Donald Trump on Saturday threatened to impose a 30 percent tariff on imports from Mexico and the European Union starting on Aug 1, even as they are locked in long negotiations.

The benchmark S&P/BSE Sensex was down 270 points, or 0.3 percent, at 82,229 in early trade while the broader NSE Nifty index dropped 62 points, or 0.2 percent, to 25,088.

Among the prominent decliners, Bharti Airtel, Bajaj FinServ, Tech Mahindra Infosys and Bajaj Finance declined 1-2 percent.

HCL Tech, Tata Tech and Ola Electric Mobility fell between half a percent and 1 percent ahead of their first quarter results.

Avenue Supermarts tumbled 3.2 percent as its June quarter results came in below consensus estimates.

Azko Nobell India was little changed as JSW Paints launched a Rs 3,929 crore open offer to acquire up to 25.2 percent stake in the company.

Siemens gained about 1 percent on bagging two separate orders worth Rs 773 crore from Maha Metro.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 3小時37分鐘前

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 3小時43分鐘前

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 3小時50分鐘前

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 5小時50分鐘前

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 6小時2分鐘前

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 6小時5分鐘前

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 6小時51分鐘前

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 8小時0分鐘前

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