Sensex, Nifty Decline On Fed Worries

RTTNews | 1061日前
Sensex, Nifty Decline On Fed Worries

(RTTNews) - Indian shares were subdued in early trade on Monday as robust U.S. jobs data released on Friday fanned concerns that the Federal Reserve might stick with its hawkish stance.

The benchmark S&P Sensex was down 229 points, or 0.4 percent, at 62,640 while the broader NSE Nifty index was down 84 points, or half a percent, at 18,612.

Tata Motors, Reliance Industries, Britannia, SBI Life and Adani Enterprises fell 1-2 percent in the Nifty pack, while metal stocks such as JSW Steel, Tata Steel and Hindalco all rose around 2 percent on China reopening hopes.

SJVN surged 4.3 percent after its arm SJVN Green Energy bagged a 200 MW solar project worth Rs.1,200 crore from Maharashtra.

Bank of India rallied 2.6 percent after it raised Rs 1,500 crore through additional Tier I bonds.

Godrej Properties gained half a percent on news it has bought an 18.6-acre land parcel at Kandivali, in Mumbai for around Rs. 750 crore.

Inox Green Energy Services was little changed despite positing disappointing quarterly results.

Ion Exchange jumped 3.4 percent on bagging a contract worth Rs 343.36-crore from Indian Oil Corporation (IOC).

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian markets are trading mixed on Friday, following the negative cues from Wall Street overnight, amid renewed uncertainty about the outlook for interest rates after Fed Chair Jerome Powell said a further reduction in rates in December is "not a foregone conclusion. Positive developments out of US President Donald Trump's meeting with Chinese President Xi Jinping is aiding market sentiment.
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Japanese Market Sharply Higher

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Australian Market Notably Higher

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Swiss Market Settles Slightly Down

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ECB Holds Interest Rates Steady Amid Uncertain Outlook

ECB Holds Interest Rates Steady Amid Uncertain Outlook

The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.
RTTNews | 12時58分前