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Sensex, Nifty Give Up Early Gains; PSU And Adani Group Stocks Worst Hit

RTTNews | 531 days ago

Sensex, Nifty Give Up Early Gains; PSU And Adani Group Stocks Worst Hit

(RTTNews) - Indian shares slipped into the red on Wednesday after opening on a strong note earlier as CPI data both in India and the U.S. matched expectations.

The benchmark S&P BSE Sensex dropped 78 points, or 0.1 percent, to 73,589 while the broader NSE Nifty index was down 55 points, or 0.2 percent, at 22,281.

PSU stocks traded sharply lower, with Power Grid Corp and NTPC falling 3-4 percent.

Adani Group stocks also faced selling pressure, with Adani Enterprises and Adani Ports both falling around 3 percent.

ITC soared 6 percent after huge quantity of shares changed hands in a block deal.

Jet Airways jumped 5 percent after the National Company Law Appellate Tribunal (NCLAT) upheld the transfer of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).

Likhitha Infra rallied 3.6 percent on winning an order worth Rs 106 crore from HPCL. Shalby edged up slightly after it decided to make a strategic investment in Healers Hospital.

Ethos lost 5 percent after the company reduced its stake in Silvercity Brands AG to 35 percent from 100 percent.

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Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 12 minutes ago

European Stocks Close Lower On Political Concerns, Tariff Worries

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

RTTNews | 35 minutes ago

U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 4h 4min ago

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 4h 15min ago

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | 5h 34min ago

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | 5h 39min ago

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | 6h 2min ago

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | 6h 27min ago

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