Sensex, Nifty Tad Lower In Early Trade; Metal Stocks Shine
(RTTNews) - Indian shares were slightly lower in early trade on Thursday, tracking mixed global cues after Federal Reserve Chair Jerome Powell said during a second day of congressional testimony that policymakers hadn't yet made up their minds on the size of the interest-rate increase later this month.
The benchmark S&P/BSE Sensex was down 146 points, or 0.2 percent, at 60,201 while the broader NSE Nifty index was down 27 points, or 0.2 percent, at 17,727.
Mahindra & Mahindra, ICICI Bank, Reliance Industries, SBI Life and ITC all fell around 1 percent in the Nifty pack, while Axis Bank, Hindalco, JSW Steel, Tata Steel and Apollo Hospitals Enterprise climbed 1-3 percent.
SeQuent Scientific soared 13 percent after it terminated the share purchase agreement to acquire 100 percent shareholding in Tineta Pharma.
Gokaldas Exports tumbled 3.5 percent after a block deal.
Alembic Pharma was little changed despite receiving the U.S. FDA approval for Brexpiprazole tablets.
European Shares Drift Lower Ahead Of US Inflation Reading
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
Asian Shares Mixed Ahead Of US PCE Inflation Data
NZ Dollar Advances Against Majors
Australian Dollar Rises Against Majors
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
