Sensex, Nifty Decline On Growth Slowdown Worries

RTTNews | 1133 hari yang lalu
Sensex, Nifty Decline On Growth Slowdown Worries

(RTTNews) - Indian shares followed global peers lower on Wednesday amid doubts over whether the Federal Reserve can avoid a bruising economic downturn.

The benchmark S&P BSE Sensex fell 342 points, or 0.6 percent, to 52,834 in early trade, while the broader NSE Nifty index was down 100 points, or 0.6 percent, at 15,750.

Bajaj FinServ, HDFC Life, Titan Company, Hindustan Unilever and IndusInd Bank tumbled 2-3 percent while UltraTech Cement and Tata Steel rose about 1 percent each.

Tata Motors fell slightly despite announcing a major price hike.

ONGC was moving lower as oil prices slipped in Asian trade after rising more than 2 percent on Tuesday amid concerns over tight global supply.

Reliance Industries fell about 1 percent. Mukesh Ambani has resigned from the board of group's telecom arm, Reliance Jio, and handed over the reins to his elder son Akash Ambani.

Bank of Baroda declined 1.3 percent after rejigging its corporate and institutional credit business.

J&K Bank advanced 1.5 percent on fund raising reports. Glenmark Pharmaceuticals lot 1 percent after it acquired certain OTC drugs from Wockhardt in the U.S. for an undisclosed sum.

read more
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 44 minit yang lalu
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 5j 17min yang lalu
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 5j 37min yang lalu
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 8j 15min yang lalu
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 9j 1min yang lalu