Sensex, Nifty Struggle For Direction; Financials Underperform

RTTNews | 262 hari yang lalu
Sensex, Nifty Struggle For Direction; Financials Underperform

(RTTNews) - Indian shares struggled for direction in early trade on Monday despite Wall Street's main indexes inching higher to reach new record closing highs in a shortened Black Friday trading session.

Investors sentiment was dented after India's Q2 GDP data came in much lower at 5.4 percent against the estimate of 6.5 percent.

Global factors like political uncertainty in France, Donald Trump seeking a commitment from the BRICS nations on using the dollar and a mixed set of economic data from China also weighed on sentiment.

The benchmark S&P/BSE Sensex was down 60 points at 79,743 while the broader NSE Nifty index was up 5 points at 24,135.

Grasim, Adani Ports, UltraTech, Shriram Finance and Maruti Suzuki India all rose about 2 percent in the Nifty pack while HDFC Bank, Cipla, Bajaj Finance, IndusInd Bank and HDFC Life all fell around 1 percent.

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Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 2j 18min yang lalu
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 2j 34min yang lalu
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 3j 22min yang lalu
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
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U.S. Existing Home Sales Unexpectedly Rebound In July

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The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
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Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
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