Sensex, Nifty Open Lower On Weak Global Cues

RTTNews | 871天前
Sensex, Nifty Open Lower On Weak Global Cues

(RTTNews) - Indian shares opened lower on Monday, tracking weak global cues on concerns about turmoil in the U.S. banking sector and an impending recession.

The benchmark S&P BSE Sensex was down 493 points, or 0.9 percent, at 57,497 in early trade, while the broader NSE Nifty index was down 143 points, or 0.8 percent, at 16,956.

Adani Enterprises tumbled 3.4 percent after suspending work on a Rs. 34,900 crore petrochemical project at Mundra in Gujarat.

Hindalco, HDFC Life, Tech Mahindra and Mahindra & Mahindra all fell around 2 percent while Dr Reddy's Laboratories and BPCL rose over 1 percent each.

IndusInd Bank declined 1.6 percent after hiking interest rates on fixed deposits.

Wipro fell about 1 percent on news it has laid off at least 120 employees in the United States due to a "realignment of business needs".

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | 5小時58分鐘前
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | 6小時29分鐘前
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | 6小時39分鐘前
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 7小時36分鐘前
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 9小時0分鐘前