Sensex, Nifty Marginally Lower; Financials Gain

RTTNews | 658 days ago
Sensex, Nifty Marginally Lower; Financials Gain

(RTTNews) - Indian shares were flat to slightly lower on Friday after U.S. stocks suffered their biggest drop in six months overnight and benchmark 10-year U.S. Treasury yields touched a 16-year peak amid uncertainty about the Fed's monetary policy direction.

The benchmark S&P BSE Sensex slipped 15 points to 66,216 in early trade while the broader NSE Nifty index was down 14 points at 19,728.

Hindalco, Power Grid Corp, Divis Laboratories and Cipla all fell over 1 percent while financials such as Bajaj Finance, IndusInd Bank, SBI and Bajaj FinServ were up between 0.9 percent and 1.4 percent.

Wipro declined 1 percent as Jatin Dalal resigned as chief financial officer to pursue other opportunities after more than two decades with the company.

Infosys was down 0.6 percent. Nigeria's Guaranty Trust Bank has selected Infosys' Finacle digital banking suite for its multi-country digital transformation program.

Glenmark Pharmaceuticals lost nearly 2 percent after it signed a definitive agreement to sell a 75 percent stake in its subsidiary, Glenmark Life Sciences (GLS), to Nirma. Zuari Industries advanced 1.6 percent on fund raising reports.

InterGlobe Aviation rose modestly after it inked a code sharing agreement with British Airways.

Vedanta edged up slightly after its board approved a proposal to raise Rs. 2,500 crores through issuance of non-convertible debentures.

read more
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 36 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 14min ago
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. Economists forecast the economy to grow 0.1 percent on a monthly basis in May, in contrast to the 0.3 percent fall in April.
RTTNews | 3h 47min ago