Sensex, Nifty Struggle For Direction Ahead Of Macro Data; IT Stocks Surge

RTTNews | 266天前
Sensex, Nifty Struggle For Direction Ahead Of Macro Data; IT Stocks Surge

(RTTNews) - Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day.

The benchmark S&P/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635.

IT stocks traded higher, with Infosys, TCS, Wipro and Tech Mahindra rallying 1-2 percent.

Reliance Power jumped nearly 5 percent after it formed a new arm for renewable energy business.

Reliance Infrastructure climbed 2 percent. The Supreme Court has issued a contempt notice to its subsidiary Delhi Airport Metro Express Pvt Ltd over non-refund of dues. Jubilant Foodworks tumbled more than 3 percent after the Group agreed to acquire a 40 percent stake in Hindustan Coca-Cola Holdings.

State Bank of India shares dropped half a percent. The state-run has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates (JAL) through a Swiss challenge auction.

Shriram Finance edged down slightly after completing the sale of its entire stake in its housing finance subsidiary.

read more
U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 1小時16分鐘前
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
RTTNews | 1小時34分鐘前
U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
RTTNews | 2小時3分鐘前
U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
RTTNews | 2小時7分鐘前
U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.
RTTNews | 2小時25分鐘前
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th.
RTTNews | 3小時14分鐘前