Sensex, Nifty Edge Lower On Fed Concerns, Metal And IT Stocks Hit Hard

RTTNews | vor 1006 Tagen
Sensex, Nifty Edge Lower On Fed Concerns, Metal And IT Stocks Hit Hard

(RTTNews) - Indian shares opened on a tepid note Friday amid nagging concerns about the U.S. economy and the future pace of Fed rate hikes.

The benchmark S&P/BSE Sensex dropped 245 points, or 0.40 percent, to 60,562 in early trade, while the broader NSE Nifty index was down 70 points, or 0.4 percent, at 17,823.

Metal and IT stocks led losses, with Wipro, Tata Steel, Hindalco and HCL Technologies losing 1-3 percent.

Adani Enterprises tumbled 3.2 percent and Adani Power slumped 5 percent after index provider MSCI cut the free-float designations of four securities of the group and Norway's sovereign wealth fund said it has sold its remaining stake in the group companies.

LIC rallied 2.3 percent after posting multi-fold growth in Q3 consolidated net profit.

IRCTC fell 1 percent after reporting a 22 percent rise in Q3 net profit.

Zomato plunged 3.5 percent after its quarterly loss widened from last year.

Mahindra & Mahindra rose half a percent ahead of its earnings release.

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TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

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RTTNews | vor 3Std 18 Minuten
Swiss Market Settles On Firm Note

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RTTNews | vor 3Std 40 Minuten
European Stocks Close On Firm Note

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European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
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Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
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After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.
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French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | vor 10Std 32 Minuten
DAX Climbs To 4-week High On Inflation Data, Earnings

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RTTNews | vor 10Std 58 Minuten