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Sensex, Nifty Open Lower As Auto And IT Stocks Drag

RTTNews | 911 days ago

Sensex, Nifty Open Lower As Auto And IT Stocks Drag

(RTTNews) - Indian shares opened lower on Thursday amid weak global cues and on the eve of weekly F&O expiry.

The benchmark S&P BSE Sensex fell 240 points, or 0.4 percent, to 59,170 in early trade as rising fears of further rate hikes by central banks dented investor sentiment.

The broader NSE Nifty index was down 62 points, or 0.4 percent, at 17,389, with automakers and IT stocks pacing the declines.

Maruti Suzuki India, Eicher Motor, Axis Bank, Infosys and TCS all fell around 1 percent.

TVS Motor dropped half a percent on reporting a 2 percent fall in February sales.

Adani Enterprises and Adani Ports were trading higher ahead of the Supreme Court's hearing on investigating the Adani-Hindenburg case.

Adani Green Energy and Adani Transmission both jumped around 5 percent even as the group denied reports of securing $3 billion from a sovereign wealth fund.

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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 32 minutes ago

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 1h 2min ago

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 1h 14min ago

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 1h 30min ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 2h 8min ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2h 16min ago

FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2h 48min ago

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

RTTNews | 2h 55min ago

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