Sensex, Nifty Extend Losses As Investors Await US Inflation Report

RTTNews | 935 hari yang lalu
Sensex, Nifty Extend Losses As Investors Await US Inflation Report

(RTTNews) - Indian shares ended slightly lower on Thursday, as investors remained on edge ahead of earnings reports from prominent IT companies and U.S. consumer price inflation data that could influence the Fed rate outlook.

The U.S. inflation report is expected to show a slowdown in the annual rate of consumer price growth and could lead the Federal Reserve to ease its pace of rate hikes.

At the same time, a higher-than-expected reading would force the Federal Reserve to keep raising interest rates at a sharp clip.

Continued optimism surrounding China reopening and comments from Fed official Susan Collins backing a quarter-point rate hike at the bank's next policy meeting served to cap the downside in the broader market.

The benchmark S&P BSE Sensex dropped 147.47 points, or 0.25 percent, to 59,958. 03, extending losses for a third straight session.

The broader NSE Nifty index settled 37.50 points, or 0.21 percent, lower at 17,858.20.

Axis Bank, BPCL, Reliance Industries and Divis Laboratories fell 2-3 percent in the Nifty pack, while Dr Reddy's Laboratories, Larsen & Toubro, HCL Technologies, UltraTech Cement and SBI Life rose 1-2 percent.

read more
BoJ Minutes: Japan Economy Continues To Recover

BoJ Minutes: Japan Economy Continues To Recover

Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
RTTNews | 34 minit yang lalu
Singapore Shares Poised To Open To The Upside On Tuesday

Singapore Shares Poised To Open To The Upside On Tuesday

The Singapore stock market on Monday halted the six-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now sits just beneath the 4,200-point plateau and it may extend its gains on Tuesday.
RTTNews | 36 minit yang lalu
Renewed Support Likely For Malaysia Stock Market

Renewed Support Likely For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.
RTTNews | 1j 6min yang lalu
Japan Stock Market May Stop The Bleeding On Tuesday

Japan Stock Market May Stop The Bleeding On Tuesday

The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.
RTTNews | 1j 21min yang lalu
South Korea Inflation Rises 0.2% In July

South Korea Inflation Rises 0.2% In July

Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.
RTTNews | 1j 26min yang lalu
Australia Services Sector Accelerates In July

Australia Services Sector Accelerates In July

The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
RTTNews | 1j 32min yang lalu
KOSPI May Add To Monday's Gains

KOSPI May Add To Monday's Gains

The South Korea stock market on Monday snapped the two-day slide in which it had stumbled more than 135 points or 3.9 percent. The KOSPI now sits just shy of the 3,150-point plateau and it may add to its winnings on Tuesday.
RTTNews | 1j 36min yang lalu
BoJ Minutes On Tap For Tuesday

BoJ Minutes On Tap For Tuesday

The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 2j 36min yang lalu