Sensex, Nifty Open Lower; IT Stocks Tumble As TCS Disappoints

RTTNews | 6h 26min ago
Sensex, Nifty Open Lower; IT Stocks Tumble As TCS Disappoints

(RTTNews) - Indian shares opened lower on Friday as U.S. President Donald Trump pushed through with his tariff agenda, fueling uncertainties around the global tariff war.

Weak Q1 results from TCS, India's largest software services exporter, also dampened investor sentiment.

Tata Consultancy Services fell 2.3 percent after it reported a 3.3 percent quarter-on-quarter decline in constant currency revenue, missing Street expectations. Peers Infosys, HCL Technologies and Wipro dropped 1-2 percent.

Tata Elxsi lost 3.8 percent after turning in yet another weak quarter.

IREDA slumped 4.6 percent as it reported a sharp deterioration in its asset quality.

Zee Entertainment Enterprises declined 2.6 percent after shareholders rejected a fundraising plan.

Hindustan Unilever jumped 5 percent. The FMCG giant announced that Priya Nair, currently heading Beauty & Wellbeing at Unilever, will take over as CEO and MD from August 1.

Anand Rathi Wealth surged 4.7 percent on reporting a 28 percent jump in Q1 net profit.

read more
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 14 minutes ago
Walmart Recalls 850K Ozark Trail Water Bottles

Walmart Recalls 850K Ozark Trail Water Bottles

Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
RTTNews | 50 minutes ago
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 1h 56min ago
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 2h 21min ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 2h 50min ago