Sensex, Nifty Open Lower; IT And Auto Stocks Drag

RTTNews | 85 hari yang lalu
Sensex, Nifty Open Lower; IT And Auto Stocks Drag

(RTTNews) - Indian shares were slightly lower on Thursday after U.S. President Donald Trump announced 26 percent reciprocal tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.

Good news is pharma as well as steel, copper, bullion, energy and other certain minerals that aren't available in the U.S., are exempt from the reciprocal tariff for now.

Investors also await cues from an upcoming RBI policy meeting, with speculation rife that the Monetary Policy Committee (MPC) will announce a 25 basis points cut in the policy repo rate during its upcoming April 7-9 meeting.

The benchmark S&P/BSE Sensex was down 330 points, or 0.4 percent, at 76,286, recouping some early losses. The broader NSE Nifty index was down 80 points, or 0.4 percent, at 23,252.

Among the prominent decliners, Tata Motors, HCL Technologies, Tech Mahindra, Infosys and TCS were down 1-3 percent. Among the top gainers, Sun Pharma jumped more than 5 percent while NTPC, Titan Company, Bajaj Finance and Power Grid Corp all rose about 1 percent.

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U.S. Dollar Advances After Hot PCE Data

U.S. Dollar Advances After Hot PCE Data

The U.S. dollar strengthened against its major counterparts in the New York session on Friday, after a data showed that the Federal Reserve's preferred gauge of inflation accelerated in May.
RTTNews | 1j 53min yang lalu
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement.
RTTNews | 4j 56min yang lalu
European Stocks Close Higher As Trade Tensions Ease

European Stocks Close Higher As Trade Tensions Ease

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RTTNews | 5j 19min yang lalu
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A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
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U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

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While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
RTTNews | 9j 4min yang lalu
Eurozone Economic Sentiment Falls Unexpectedly

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
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Bay Street May Open On Positive Note

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Canadian shares look headed for a higher start Friday morning, thanks to positive global cues amid easing trade tensions after the U.S. struck a deal with China to expedite rate earth shipments.
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Coleman Co. Recalls 229K Converta Camping Cots, Stretchers

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Atlanta, Georgia-based Coleman Co., Inc. is recalling about 228,760 units of Converta camping cots and Converta camping suspension stretchers citing laceration and amputation, according to the U.S. Consumer Product Safety Commission. The recall involves Coleman Converta camping cots with model numbers 2000003077 and 2000020282, and Coleman Converta camping suspension stretchers with model number
RTTNews | 10j 26min yang lalu