Sensex, Nifty Drift Lower As Yields Climb; Adani Group Stocks Worst Hit

RTTNews | 692 dagar sedan
Sensex, Nifty Drift Lower As Yields Climb; Adani Group Stocks Worst Hit

(RTTNews) - Indian shares were moving lower on Friday after rate hikes from policymakers in England, Norway and Switzerland pushed global bond yields higher.

The benchmark S&P BSE Sensex dropped 280 points, or 0.4 percent, to 62,958 in early trade, while the broader NSE Nifty index was down 89 points, or half a percent, at 18,682.

Adani Group stocks led losses on a Bloomberg report that U.S. authorities are looking into what representations the group made to its American investors in the wake of the Hindenburg Research's report.

Adani Enterprises slumped 4.7 percent and Adani Ports tumbled 3.2 percent. ONGC, Hindalco and BPCL were down 2-3 percent.

Eros International Media plunged more than 18 percent after capital market regulator SEBI barred its CEO Pradeep Kumar Dwivedi from the securities market until further notice for allegedly breaching trade practice regulations.

Fortis Healthcare fell 1.1 percent after divesting its Vadapalani hospital business. HDFC dropped half a percent on reports that it would sell a loan portfolio of two five-star hotels in Ghaziabad to Prudent Asset Reconstruction for Rs. 311 crore.

read more
U.S. Business Inventories Inch Up Slightly Less Than Expected In March

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews | 1h 16minuter sedan
TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

The Canadian market is up in positive territory, extending gains to an eighth straight session, as the undertone continues to remain firm amid easing concerns about tariffs, and the recent data showing a smaller than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | 1h 20minuter sedan
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
RTTNews | 1h 31minuter sedan
U.S. Industrial Production Unexpectedly Flat In April

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.
RTTNews | 1h 52minuter sedan
New York Manufacturing Index Edges Modestly Lower In May

New York Manufacturing Index Edges Modestly Lower In May

A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists had expected the index to dip to a negative 10.0.
RTTNews | 2h 5minuter sedan
Philly Fed Index Jumps More Than Expected But Remains Negative In May

Philly Fed Index Jumps More Than Expected But Remains Negative In May

Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction.
RTTNews | 2h 59minuter sedan
U.S. Retail Sales Inch Up In Line With Estimates In April

U.S. Retail Sales Inch Up In Line With Estimates In April

A report released by the Commerce Department on Thursday showed a slight increase by U.S. retail sales in the month of April. The Commerce Department said retail sales crept up by 0.1 percent in April after surging by an upwardly revised 1.7 percent in March. Economists had expected retail sales to inch up by 0.1 percent compared to the 1.4 percent jump originally reported for the previous month.
RTTNews | 3h 14minuter sedan
U.S. Producer Prices Unexpectedly Decrease In April

U.S. Producer Prices Unexpectedly Decrease In April

Producer prices in the U.S. unexpectedly decreased in the month of April, according to a report released by the Labor Department on Thursday. The Labor Department said its producer price index for final demand fell by 0.5 percent in April following a revised unchanged reading in March. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 3h 16minuter sedan