Sensex, Nifty Slide As Investors Brace For Key Earnings

RTTNews | 1050 hari yang lalu
Sensex, Nifty Slide As Investors Brace For Key Earnings

(RTTNews) - Indian shares opened lower on Tuesday in cautious trade as investors looked ahead to some key U.S. tech earnings, the U.S. Q2 GDP data and the Fed's interest-rate decision.

The benchmark S&P BSE Sensex fell 265 points, or half a percent, to 55,501 in early trade, while the broader NSE Nifty index was down 73 points, or 0.4 percent, at 16,558.

HCL Technologies, Hero Moto Corp, Nestle India, Infosys and Dr Reddy's Laboratories lost 1-2 percent in the Nifty pack, while Bajaj Finserv jumped 2.4 percent ahead of a board meet on Thursday to consider a stock split proposal.

Tata Steel rose over 1 percent despite reporting a 13 percent decline in Q1 profit.

Axis Bank fell about 1 percent even as the bank's quarterly profit nearly doubled.

Canara Bank was down 0.7 percent despite reporting a 72 percent jump in first-quarter net profit.

Tech Mahindra declined 0.6 percent after its Q1 profit fell 16.4 percent year-on-year and by 24.8 percent on a sequential basis.

Sun Pharma dropped half a percent. LIC said it has reduced shareholding by selling 2 percent in the company.

Bharti Airtel was declining while Vodafone Idea was modestly higher ahead of the 5G spectrum auction starting later today.

read more
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 31 minit yang lalu
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 55 minit yang lalu
Asian Shares Rise As US-China Talks Gather Momentum

Asian Shares Rise As US-China Talks Gather Momentum

Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations. U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.
RTTNews | 1j 49min yang lalu
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | 2j 45min yang lalu
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | 3j 7min yang lalu
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 4j 59min yang lalu