Sensex, Nifty Struggle For Direction In Early Trade

RTTNews | il y a 568
Sensex, Nifty Struggle For Direction In Early Trade

(RTTNews) - Indian shares struggled for direction on Wednesday, tracking mixed global cues and volatility in oil price movements.

The benchmark S&P BSE Sensex was little changed at 64,954, giving up early gains. The broader NSE Nifty index was up 20 points at 19,427.

Apollo Tyres jumped more than 5 percent after reporting over two-fold rise in Q2 profit.

SJVN rallied 2 percent on receiving a letter of intent for purchase of 200 MW solar power from Uttarakhand Power Corporation Limited.

InterGlobe Aviation fell about 1 percent on reports that it will see more than 70 planes grounded in Q4 due to engine issues.

Hero MotoCorp edged up slightly after announcing it would enter Europe with its electric vehicle Vida.

IRCTC dropped half a percent despite reporting a 30 percent rise in Q2 profit.

Cummins India was slightly higher on posting 23 percent growth in quarterly profit.

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Australian Market Slightly Trims Early Gains In Mid-market

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The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
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Asian Markets Mostly Higher

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Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | il y a 5h 7min
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Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
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