Sensex, Nifty Slightly Lower In Early Trade; FMCG Stocks Underperform

RTTNews | 699日前
Sensex, Nifty Slightly Lower In Early Trade; FMCG Stocks Underperform

(RTTNews) - Indian shares opened lower on Friday, tracking weak global markets as investors reacted to Fed Chair Jerome Powell's cautious remarks on further rate hikes and a surge in oil prices to over the $90-a barrel mark amid escalating tensions in the Middle East.

The benchmark S&P BSE Sensex slipped 135 points, or 0.2 percent, to 65,498 in early trade while the broader NSE Nifty index was down 53 points, or 0.3 percent, at 19,571.

Hindustan Unilever gave up 1.5 percent after reporting muted growth in standalone net profit for Q2FY24.

ITC fell 1.6 percent on reporting a 10 percent rise in Q2 net profit.

Tata Motors rose about 1 percent on news it would acquire a 26.79 percent stake in digital logistics solutions platform Freight Tiger for Rs 150 crore (approximately $18 million).

South Indian Bank added 1.3 percent after posting 23 percent growth in quarterly net profit.

Dabur India dropped 1.4 percent. The company issued a statement saying that its subsidiaries were sued in the U.S. and Canada over allegation that their hair-relaxer products have caused ovarian cancer, uterine cancer and other related health issues.

Voltas shed half a percent after its board approved raising funds via NCDs.

NTPC was down slightly despite reporting an 83 percent rise in coal production in the April-September period.

Yatharth Hospital plunged 6.6 percent. The Income Tax department raided several premises of Yatharth Hospital group in Uttar Pradesh and Delhi on charges of tax evasion.

read more
European Economic News Preview: Bank Of England To Hold Rate

European Economic News Preview: Bank Of England To Hold Rate

The monetary policy announcement from the Bank of England is the top economic event due on Thursday. The BoE is widely expected to hold its benchmark bank rate at 4.00 percent after a quarter-point reduction in August. The bank had lowered the rate five times since August 2024 and took it to the lowest since early 2023.
RTTNews | 33分前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
RTTNews | 2時20分前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.
RTTNews | 2時34分前
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | 4時3分前
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the 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 across most sectors led by mining and energy stocks.
RTTNews | 4時44分前
U.S. Dollar Advances After Fed Decision

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | 7時20分前