Sensex, Nifty Drift Lower On Weak Global Cues; Pharma Stocks Shine

RTTNews | 1023日前
Sensex, Nifty Drift Lower On Weak Global Cues; Pharma Stocks Shine

(RTTNews) - Indian shares opened lower on Thursday, tracking weak global markets as traders grappled with inconclusive U.S. midterm election results and a turbulent cryptocurrency market.

The benchmark S&P BSE Sensex slipped 340 points, or 0.6 percent, to 60,692 in early trade, while the broader NSE Nifty index was down 102 points, or 0.6 percent, at 18,055.

Among the top losers, Tata Motors plunged 4 percent despite narrowing its Q2 consolidated net loss.

Axis Bank lost about 3 percent on news the government would completely exit the private sector lender after selling 4.65 crore shares representing 1.55 percent stake in the bank.

Adani Ports and Special Economic Zone fell around 1 percent after it acquired a 49.38 percent stake in liquid storage facility company Indian Oiltanking Ltd. for Rs. 1,050 crore.

Apollo Hospitals Enterprise, Mahindra & Mahindra and Tech Mahindra all fell around 2 percent.

Hindustan Unilever rose half a percent after it decided to terminate a distribution agreement with GSK Consumer.

Pharma stocks such as Divis Laboratories, Dr Reddy's Laboratories and Cipla were up 1-2 percent.

Narayana Hrudayalaya surged 5.4 percent as it logged a 71 percent rise in consolidated net profit for the second quarter ended September 2022.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 10分前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 38分前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3時42分前
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 | 4時25分前
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 | 4時55分前