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Sensex, Nifty End Choppy Session Modestly Lower

RTTNews | 923 days ago

Sensex, Nifty End Choppy Session Modestly Lower

(RTTNews) - Indian shares fluctuated before finishing modestly lower on Thursday, tracking weak global markets as hawkish comments from Fed Chair Jerome Powell dashed hopes around easing of monetary tightening from December, and China affirmed that a zero-tolerance approach continues to be the overall strategy in tackling COVID-19.

The downside remained capped after a survey showed India's service sector growth rebounded strongly in October from a 6-month low in September, driven by faster rises in new business and output.

The services Purchasing Managers' Index rose to 55.1 in October from 54.3 in September, S&P Global said.

The benchmark S&P BSE Sensex slipped 69.68 points, or 0.11 percent, to 60,836.41, extending losses for a second straight session.

The broader NSE Nifty index ended the session down 30.15 points, or 0.17 percent, at 18,052.70 with metal, IT, auto and PSU stocks leading losses. The rupee traded weak and was down 23 paise to 82.92 against the greenback in the afternoon as the dollar surged and U.S. Treasury yields climbed on hawkish Fed comments.

Oil prices were down more than 1 percent in European trade, hit by a stronger dollar and China demand concerns.

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Rebound Anticipated For Singapore Shares

Rebound Anticipated For Singapore Shares

The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered more than 30 points or 0.8 percent. The Straits Times Index now sits just above the 3,870-point plateau although it may bounce higher again on Thursday.

RTTNews | 16 minutes ago

Malaysia Bourse May See Additional Support

Malaysia Bourse May See Additional Support

The Malaysia stock market has moved higher in three straight sessions, advancing more than 40 points or 2.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may extend its gains again on Thursday.

RTTNews | 46 minutes ago

Mild Rebound Tipped For Japan Stock Market

Mild Rebound Tipped For Japan Stock Market

The Japanese stock market on Wednesday wrote a finish to the four-day winning streak in which it had surged more than 1,400 points or 3.7 percent. The Nikkei 225 now sits just beneath the 38,130-point plateau although it may tick to the upside again on Thursday.

RTTNews | 1h 1min ago

Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has finished higher in three straight sessions, collecting more than 60 points or 2.4 percent in that span. The KOSPI now sits just above the 2,640-point plateau and it's tipped to open to the upside again on Thursday.

RTTNews | 1h 16min ago

Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

Australia will on Thursday release April numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 4.1 percent, with the addition of 20,900 jobs following the increase of 32,200 jobs in March.

RTTNews | 2h 16min ago

European Markets Close With Mild Losses

European Markets Close With Mild Losses

The major European stock markets finished moderately to the downside in cautious trade on Wednesday as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.

RTTNews | 3h 53min ago

Swiss Franc Weakens Against Majors

Swiss Franc Weakens Against Majors

The Swiss franc fell against its major counterparts in the New York session on Wednesday. The franc edged down to 1.1182 against the pound and 0.8436 against the greenback, from an early high of 1.1117 and a 5-day high of 0.8324, respectively.

RTTNews | 4h 14min ago

Pound Falls Against U.S. Dollar, Euro

Pound Falls Against U.S. Dollar, Euro

The pound dropped against the U.S. dollar and the euro in the New York session on Wednesday.

RTTNews | 5h 23min ago

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