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Sensex, Nifty Marginally Lower In Early Trade; Paytm Shares Plunge 9%

RTTNews | 914 days ago

Sensex, Nifty Marginally Lower In Early Trade; Paytm Shares Plunge 9%

(RTTNews) - Indian shares opened on a tepid note Thursday, tracking weakness across global markets.

The benchmark S&P BSE Sensex slipped 48 points, or 0.1 percent, to 61,933 in early trade, while the broader NSE Nifty index was down 28 points, or 0.2 percent, at 18,382.

Tata Motors led losses to fall more than 2 percent while Tech Mahindra, Hindalco, Eicher Motors and Titan Company all fell over 1 percent.

Paytm plunged more than 9 percent on reports that Softbank is selling stake worth $200 million in the company via a block deal.

Axis Bank gained 0.6 percent. The government has received about Rs 3,839 crore by selling a 1.5 per cent stake in the private sector bank, held through SUUTI.

ONGC rose half a percent as the government hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.

Wipro shed 0.6 percent after it reached an agreement with employee representatives on setting up a European Works Council.

Asian Paints was down 0.4 percent. The company has signed a pact with U.S.-based Kellogg Brown & Root LLC for manufacturing of Vinyl Acetate Monomer in India.

Aurobindo Pharma added half a percent after the U.S. FDA concluded inspection of its unit XI.

State Bank of India edged up slightly. The state-run bank has signed a €150 million (Rs 1,240 crore) loan agreement with German development bank KfW for solar projects.

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Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.

RTTNews | 23 minutes ago

Hong Kong Bourse May Find Traction On Monday

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.

RTTNews | 38 minutes ago

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, technology and financial stocks partially offset by gains in gold miners.

RTTNews | 46 minutes ago

China Stock Market May Snap Losing Streak

China Stock Market May Snap Losing Streak

The China stock market has moved lower in back-to-back sessions, slipping more than 35 points or 1 percent in that span. The Shanghai Composite Index now rests just above the 3,365-point plateau although it may stop the bleeding on Monday.

RTTNews | 53 minutes ago

Taiwan Stock Market Tipped To Open In The Green

Taiwan Stock Market Tipped To Open In The Green

The Taiwan stock market bounced higher again on Friday, one day after snapping the four-day winning streak in which it had surged almost 1,250 points or 6.2 percent. The Taiwan Stock Exchange now sits just above the 21,840-point plateau although it's likely to tick higher again on Monday.

RTTNews | 1h 23min ago

Higher Open Anticipated For Singapore Stock Market

Higher Open Anticipated For Singapore Stock Market

The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,900-point plateau and it may add to its winnings on Monday.

RTTNews | 1h 53min ago

Malaysia Stock Market Tipped To Open To The Upside

Malaysia Stock Market Tipped To Open To The Upside

The Malaysia stock market has ticked lower in back-to-back sessions, shedding almost a dozen points or 0.8 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,570-point plateau although it may find support on Monday.

RTTNews | 2h 23min ago

Japan Stock Market May Find Support On Monday

Japan Stock Market May Find Support On Monday

The Japanese stock market has moved lower in three straight sessions, dropping almost 450 points or 1.3 percent along the way. The Nikkei 225 now sits just above the 37,750-point plateau although it may find traction on Monday.

RTTNews | 2h 38min ago

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