Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

RTTNews | 226 일 전
Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

(RTTNews) - Indian shares were modestly higher on Wednesday, tracking firm cues from global markets and amid hopes for a rate cut by the RBI next week.

The benchmark S&P/BSE Sensex was up 230 points, or 0.3 percent, at 76,132 in early trade while the broader NSE Nifty index edged up by 84 points, or 0.4 percent, to 23,041.

Bajaj Auto jumped 3.7 percent and TVS Motor soared nearly 7 percent after posting better-than-expected results for the October-December quarter.

BEL, Shriram Finance, Tech Mahindra and Trent all rose around 2 percent while FMCG stocks such as Nestle India, Britannia Industries, Hindustan Unilever and Tata Consumer Products fell between half a percent and 1 percent.

Hyundai Motor edged up slightly despite reporting a 19 percent fall in its Q3 net profit.

Hindustan Zinc advanced 1.5 percent after putting demerger plans on hold.

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European Markets Close Mostly Flat

European Markets Close Mostly Flat

The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews | 4 시간 56 분 전
Canadian Market Drifts Lower On Profit Taking

Canadian Market Drifts Lower On Profit Taking

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RTTNews | 5 시간 49 분 전
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

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Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 7 시간 30 분 전
UK Economy Flatlines In July

UK Economy Flatlines In July

The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 9 시간 3 분 전
Bay Street Likely To Open On Mixed Note

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RTTNews | 9 시간 43 분 전
Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 9 시간 56 분 전