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Sensex, Nifty Decline As Fed Euphoria Fades
(RTTNews) - Indian shares opened on a sluggish note Thursday, mirroring weak cues from global markets as the "euphoria" over the thought of Fed interest-rate cuts faded and pandemic fears resurfaced.
The benchmark S&P BSE Sensex was down 284 points, or 0.4 percent, at 70,233 in early trade, while the broader NSE Nifty index was down 86 points, or 0.4 percent, at 21,064.
Among the prominent decliners, SBI Life, Larsen & Toubro, Bajaj Auto, Cipla and Axis Bank fell 1-2 percent.
Zee Entertainment Enterprises jumped 4.2 percent. The company said that "'good faith negotiations" will happen with Sony Group's India unit to discuss an extension of the merger deadline.
HDFC Bank edged up slightly after raising Rs. 7,425 crores via a bond issue.
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Japan Jobless Rate Falls To 2.3% In July
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Overall consumer prices in the Tokyo region of Japan - considered a leading indicator for the national trend - were up 2.6 percent on year in August, the Ministry of Communications and Internal Affairs said on Friday.
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South Korea July Industrial Production Rises 0.3%
Industrial output in South Korea added a seasonally adjusted 0.3 percent on month in July, Statistics Korea said on Friday.
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Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are July figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as August data for household confidence and Tokyo inflation.
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