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Sensex, Nifty Struggle For Direction; Financials Underperform

RTTNews | 263 days ago

Sensex, Nifty Struggle For Direction; Financials Underperform

(RTTNews) - Indian shares struggled for direction in early trade on Monday despite Wall Street's main indexes inching higher to reach new record closing highs in a shortened Black Friday trading session.

Investors sentiment was dented after India's Q2 GDP data came in much lower at 5.4 percent against the estimate of 6.5 percent.

Global factors like political uncertainty in France, Donald Trump seeking a commitment from the BRICS nations on using the dollar and a mixed set of economic data from China also weighed on sentiment.

The benchmark S&P/BSE Sensex was down 60 points at 79,743 while the broader NSE Nifty index was up 5 points at 24,135.

Grasim, Adani Ports, UltraTech, Shriram Finance and Maruti Suzuki India all rose about 2 percent in the Nifty pack while HDFC Bank, Cipla, Bajaj Finance, IndusInd Bank and HDFC Life all fell around 1 percent.

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Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.

RTTNews | 26 minutes ago

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

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U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.

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U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the European session on Friday.

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DAX Up Marginally In Cautious Trade Ahead Of Powell's Speech At Jackson Hole

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German stocks are up in positive territory on Friday, amid selective buying ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium later in the day.

RTTNews | 1h 11min ago

European Shares Inch Higher In Cautious Trade

European Shares Inch Higher In Cautious Trade

European stocks were flat to slightly higher on Friday ahead of Federal Reserve Chair Jerome Powell's highly anticipated Jackson Hole speech.

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Asian Shares Mixed In Cautious Trade Before Powell Speech

Asian Shares Mixed In Cautious Trade Before Powell Speech

Asian stocks turned in a mixed performance on Friday as some strong U.S. economic data and hawkish comments from several Federal Reserve officials prompted traders to reduce their expectations for imminent rate cuts.

RTTNews | 2h 1min ago

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