Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Underperform

RTTNews | 813 days ago
Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Underperform

(RTTNews) - Indian shares opened on a positive note Tuesday, tracking firm cues from global markets and ahead of Q3FY23 GDP data to be released later in the day.

The benchmark S&P/BSE Sensex was up 60 points, or 0.1 percent, at 59,349 in early trade, while the broader NSE Nifty index was up 5 points at 17,397.

Adani Enterprises rallied 2.6 percent after recent string of losses.

Zee Entertainment Enterprises jumped nearly 8 percent after the NSE withdrew its decision to drop the company's shares from F&O segment.

Automakers and IT stocks traded higher, with Tech Mahindra, TCS, Bajaj Auto and Mahindra & Mahindra climbing 1-2 percent.

Metal stocks led losses, with Coal India and Hindalco falling around 2 percent each. Drug makers such as Dr Reddy's Laboratories and Cipla were down over 1 percent.

Wipro gained half a percent after forming four new global divisions.

Vodafone Idea rose about 1 percent after its board allotted 12,000 unsecured, unrated and unlisted optionally convertible debentures to ATC Telecom Infrastructure.

Bharti Airtel edged down slightly despite news it has crossed the 10 million unique 5G user mark on its network.

Satin Creditcare Network advanced 0.6 percent on fund raising reports.

read more
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | 26 minutes ago
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | 1h 21min ago
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
RTTNews | 1h 35min ago
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | 2h 49min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
RTTNews | 3h 28min ago
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Major currencies in the region have also strengthened against the US dollar. Asian markets closed mostly higher on Tuesday.
RTTNews | 3h 45min ago