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Sensex, Nifty End Lower As Banks And Energy Stocks Drag

RTTNews | 622 days ago

Sensex, Nifty End Lower As Banks And Energy Stocks Drag

(RTTNews) - Indian shares ended modestly lower on Friday after two days of gains.

While weak global cues weighed on sentiment, a sharp fall in oil prices Thursday on demand concerns and bets that the U.S. Federal Reserve might announce two rate cuts next year helped limit losses in the broader market.

The benchmark S&P BSE Sensex ended the session down 187.75 points, or 0.28 percent, at 65,794.73, dragged down by banks and energy stocks. The broader NSE Nifty index settled 33.40 points, or 0.17 percent, lower at 19,731.80.

Bajaj Finance, BPCL, ONGC, Axis Bank and SBI fell 2-3 percent in the Nifty pack, while SBI Life topped the gainers list to rally 4 percent on brokerage recommendations.

Tata Consumer Products, Larsen & Toubro, HDFC Life and Apollo Hospitals Enterprise gained 2-3 percent.

The dollar edged higher in early European trade but was set for a weekly loss as markets price in the possibility of a Fed rate cut in the first half of 2024.

The 10-year U.S. Treasury yield hovered near two-month lows after a string of weak economic data underscored the world's largest economy is slowing down.

Oil prices rose today but headed for a fourth weekly loss after sinking into a bear market on signs of oversupply, rising stockpiles and concerns over waning demand in the U.S. and China.

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Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 44 minutes ago

Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.

RTTNews | 1h 4min ago

Sensex, Nifty Set To Extend Losses On Economic Concerns

Sensex, Nifty Set To Extend Losses On Economic Concerns

Indian shares are seen opening lower on Friday as concerns over U.S. tariffs and economic growth overshadow positive earnings from major tech companies.

RTTNews | 1h 24min ago

Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | 2h 41min ago

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 2h 43min ago

Pound Slides Against Most Majors

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | 8h 39min ago

Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 10h 30min ago

European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 11h 1min ago

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