Sensex, Nifty Snap Four-day Winning Streak

RTTNews | 1135 days ago
Sensex, Nifty Snap Four-day Winning Streak

(RTTNews) - Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee, which fell 19 paise to close at a new record low of 79.04 against the dollar.

Rising oil prices also weighed on sentiment. Oil prices were modestly higher in European trade after having risen for three straight sessions amid signs of tight supply.

The benchmark S&P BSE Sensex dropped 150.48 points, or 0.28 percent, to 53,026.97 as a weaker-than-expected U.S. consumer confidence reading fueled worries over a recession and dented investors' appetite for riskier assets globally.

The broader NSE Nifty index ended down 51.10 points, or 0.32 percent, at 15,799.10. Tata Consumer Products, Axis Bank, Apollo Hospitals Enterprise, Hindustan Unilever and HDFC Life fell 3-5 percent in the Nifty pack, while heavyweight Reliance Industries rose 1.9 percent after chairman Mukesh Ambani announced a succession plan.

ONGC jumped 2.9 percent, tracking gains in crude prices. Coal India, Sun Pharma and NTPC rose 1-2 percent.

Fed Chair Jerome Powell, ECB President Christine Lagarde and BOE Governor Andrew Bailey will be speaking at the ECB forum on central banking in Sintra, Portugal later in the day.

Also, U.S. final GDP data for the first quarter is due in the New York session.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 38 minutes ago
Asian Markets Mixed Amid Tariff Caution

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RTTNews | 41 minutes ago
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RTTNews | 1h 23min ago
Thai Stock Market May Spin Its Wheels On Friday

Thai Stock Market May Spin Its Wheels On Friday

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RTTNews | 1h 57min ago
Continued Consolidation Called For Indonesia Stock Market

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RTTNews | 2h 27min ago
Japanese Market Sharply Higher; Up 2%

Japanese Market Sharply Higher; Up 2%

Extending the gains in the previous three sessions, the Japanese market is sharply higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is jumping almost 2 percent to above the 41,850 level, with gains across all sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 2h 30min ago
Consolidation Likely For Hong Kong Shares

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The Hong Kong stock market has moved higher in four straight sessions, advancing more than 570 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 25,080-point plateau although it may see some profit taking on Friday.
RTTNews | 2h 42min ago
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in energy, financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 2h 51min ago