Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued

RTTNews | 952 dias atrás
Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued

(RTTNews) - Indian shares opened on a positive note Wednesday after three days of losses.

Investors await retail inflation data later in the day, with the CPI expected to hit a five-month high of 7.30 percent in September due to surging food prices.

Global cues remain sluggish after the IMF warned of slowing growth and the Bank of England ruled out extending its emergency intervention in Britain's bond market into next week.

The benchmark S&P BSE Sensex edged up 145 points, or 0.3 percent, to 57,292 in early trade, while the broader NSE Nifty index was up 20 points, or 0.1 percent, at 17,003.

Axis Bank, BPCL, Bajaj FinServ, Power Grid Corp and HCL Technologies rose 1-2 percent in the Nifty pack, while metal stocks such as Hindalco, JSW Steel and Tata Steel were down between half a percent and 1 percent on global growth concerns.

Adani Green Energy rose over 1 percent after it incorporated two renewable energy subsidiaries.

Wipro gained 0.7 percent and HCL Technologies jumped more than 2 percent ahead of their earnings results due later in the day.

read more
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | 18 minutos atrás
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | 1 h 12 min atrás
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
RTTNews | 1 h 26 min atrás
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | 2 h 40 min atrás
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
RTTNews | 3 h 19 min atrás
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Major currencies in the region have also strengthened against the US dollar. Asian markets closed mostly higher on Tuesday.
RTTNews | 3 h 37 min atrás