Sensex, Nifty Extending Losses To 4th Straight Day

RTTNews | 584天前

(RTTNews) - Indian shares are down in negative territory Monday morning, extending recent losses, weighed down by weak global cues amid rising bond yields, and geopolitical tensions.

Quarterly earnings updates are providing some direction to stocks.

The BSE benchmark Sensex, which opened marginally up, dropped to a low of 65,169.09, and was down 213.80 points or 0.33% at 65,183.82 a little while ago.

The broader Nifty50 index of the National Stock Exchange was down 75.05 points or 0.37% at 19,467.60.

Kotak Bank is down 1.4% despite reporting 24% year-on-year increase in the net profit in the second quarter ended September 2023.

Tata Steel is down by about 1.3% and Tata Consultancy Services is lower by 1.1%. ITC, NTPC, Tata Motors, Maruti Suzuki, IndusInd Bank, HCL Technologies, Sun Pharmaceutcials and Larsen & Toubro are down 0.5 to 1%.

Grasim Industries, Adani Ports, Bajaj Auto, Hero Motocorp, MindTree, NTPC and Tata Motors are down 1 to 1.6%.

ICICI Bank is up nearly 1%. The bank reported standalone profit of Rs 10,261 crore for the quarter ended September 30, 2023, a 35.7% jump compared to the profit in the year-ago quarter. The bank's gross non-performing assets declined to 2.48% of gross advances at the end of the September quarter from 2.76% a year ago. Its net NPAs or bad loans declined to 0.43% against 0.61% in the year-ago period.

Bajaj Finance and Mahindra & Mahindra are up 0.8% and 0.6%, respectively.

Yes Bank shares are down more than 2.5%. The bank reported a 47% year-on-year increase in profit before tax at Rs 225 crore for the quarter ended September 2023.

Central Bank of India shares are down nearly 4% despite the bank reporting a 96% surge in second quarter net profit. RBL Bank is down 2% despite reporting a 46% increase in net profit in the second quarter.

JSW Energy reported an 83% jump in net profit at Rs 850 crore for the quarter ended September 20, 2023, compared to a year ago. The stock is gaining nearly 1%.

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.

RTTNews | 3小時38分鐘前

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

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Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".

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UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c

RTTNews | 4小時42分鐘前

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.

RTTNews | 4小時57分鐘前