Sensex, Nifty Off Day's Lows; Financials Drag

RTTNews | 971 days ago
Sensex, Nifty Off Day's Lows; Financials Drag

(RTTNews) - Indian shares opened lower on Thursday amid weak global cues and the expiry of weekly F&O contracts.

The benchmark S&P BSE Sensex was down 164 points, or 0.3 percent, at 59,292, after having hit a low of 58,973 earlier in the session.

The broader NSE Nifty index also traded off its day's lows at 17,671, down 47 points, or 0.3 percent, from its previous close.

Recession worries gripped world markets after Federal Reserve officials raised interest rates by 75 bps for the third consecutive time and forecast they would reach 4.6 percent in 2023, stepping up their fight to curb inflation that's persisted near the highest levels since the 1980s.

The Indian rupee weakened to a new record low beyond 80 per dollar, as yields surged, and the dollar hit a fresh two-decade high against major peers.

Cipla, Bajaj FinServ, HDFC Bank, SBI Life and HDFC fell 1-2 percent in the Nifty pack, while Shree Cement, Eicher Motors, Hindustan Unilever, Adani Ports and ITC all traded up over 1 percent.

Wipro fell about 1 percent after saying it has sacked 300 employees who it discovered were working for its competitors while still being on the company's payroll.

Adani Ports gained 1.4 percent on news it will develop a port in India's West Bengal state at a planned investment of more than $3 billion.

HDFC Bank declined 1.2 percent. The private sector lender has signed a long-term data and technology agreement with London Stock Exchange group's Refinitiv.

State Bank of India edged down slightly after raising Rs 4,000 crore via a bonds issue.

Triveni Engineering & Industries dropped 1 percent. The sugar firm has sold its entire 21.85 per cent stake in Triveni Turbines for about Rs 1,600 crore.

read more
TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | 21 minutes ago
Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
RTTNews | 1h 21min ago
U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews | 4h 17min ago
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales. In the pre-market activity on the NYSE, Home Depot shares were gaining
RTTNews | 5h 25min ago
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French market is modestly higher in cautious trade on Tuesday with investors closely following the developments on the geopolitical front. Tensions between Russia and Ukraine linger despite an announcement from U.S. President Donald Trump that the two nations would soon begin ceasefire negotiations.
RTTNews | 5h 37min ago