Sensex, Nifty Little Changed; IT Stocks Drag

RTTNews | 160 days ago
Sensex, Nifty Little Changed; IT Stocks Drag

(RTTNews) - Indian shares struggled for direction on Wednesday after a two-day rally. A cautious undertone prevailed as investors weighed geopolitical tensions and waited for the Federal Reserve to provide an update on the rate outlook.

The benchmark S&P BSE Sensex was up 83 points, or 0.1 percent, at 75,384 in early trade while the broader NSE Nifty index edged up by 34 points, or 0.2 percent, to 22,868.

Apollo Hospitals Enterprise, BPCL, Bajaj Finance and Tata Steel rose 1-2 percent while IT stocks such as TCS, Infosys and HCL Technologies all fell around 1 percent. IndusInd Bank rose about 1 percent. IndusInd International Holdings chairman Ashok Hinduja said that promoters are ready to inject capital into the bank if necessary.

Adani Green Energy climbed 1.1 percent. Five fundamental rights petitions filed against the company in the northeastern region of Sri Lanka have been withdrawn by the petitioners.

Zydus Lifesciences gained 0.8 percent as it received final approval from the U.S. health regulator to manufacture a generic version of Apalutamide tablets used in the treatment of prostate cancer.

Vodafone Idea surged 4 percent after launching its 5G services in India.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | 19 minutes ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | 40 minutes ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 1h 51min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | 2h 18min ago
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 2h 21min ago
Hong Kong Shares May Be Stuck In Neutral On Tuesday

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 2h 36min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
RTTNews | 2h 38min ago