Sensex, Nifty End Off Day's Lows In Choppy Trade

RTTNews | 968 days ago
Sensex, Nifty End Off Day's Lows In Choppy Trade

(RTTNews) - Indian shares followed global peers lower on Wednesday, as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.

The downside, however, remained limited despite deteriorating global risk sentiments. As inflation worries mount elsewhere, provisional data from the Ministry of Commerce and Industry revealed today that India's wholesale price inflation eased for the third straight month in August, and at a faster-than-expected pace.

The wholesale price index climbed 12.41 percent year-over-year in August, following a 13.93 rise in July. Economists had expected inflation to ease to 13.0 percent.

The benchmark S&P/BSE hit an intraday low of 59,417 and touched a high of 60,649 before eventually ending the session down 224.11 points, or 0.37 percent, at 60,346.97.

The broader NSE Nifty index also ended off its day's lows at 18,003.75, down 66.30 points, or 0.37 percent, from its previous close.

IT stocks tracked their global peers lower, with HCL Technologies, Tech Mahindra, TCS and Infosys losing 2-5 percent.

Financials topped the gainers list, with Kotak Mahindra Bank, SBI and IndusInd Bank rising 2-4 percent.

PSU stocks such as NTPC and Power Grid Corp rose around 3 percent each.

The rupee traded weak in the afternoon while oil prices edged higher in choppy trade.

read more
Yamaha Recalls 34K Power Adaptors For Pianos, Workstations

Yamaha Recalls 34K Power Adaptors For Pianos, Workstations

Yamaha Corp. of America, affiliated to Japan's Yamaha Corp., is recalling about 37,400 units of power adaptors for digital pianos and music workstations citing risk of burn and fire, according to the U.S. Consumer Product Safety Commission. The recall involves Yamaha-brand AC adaptors with model number PA-300C that were sold with Yamaha-brand arranger workstations, digital pianos...
RTTNews | 54 minutes ago
China Exports Growth Beats Expectations; Imports Drop At Slower Pace

China Exports Growth Beats Expectations; Imports Drop At Slower Pace

China's exports grew more than expected in April despite the sharp contraction in shipments to the United States following the trade tariff hikes, while imports decreased at a meager pace, official data revealed on Friday. Exports advanced 8.1 percent on a yearly basis in April, customs data showed. While the growth rate slowed from 12.4 percent in March.
RTTNews | 2h 50min ago
NZ Dollar Falls After China Trade Data

NZ Dollar Falls After China Trade Data

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as China's most recent trade figures indicated a slowing down of outside demand.
RTTNews | 3h 7min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | 3h 40min ago