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Sensex, Nifty Subdued; IT Stocks Bounce Back

RTTNews | 308 days ago

Sensex, Nifty Subdued; IT Stocks Bounce Back

(RTTNews) - Indian shares were moving in a narrow range on Friday despite positive cues from global markets after the Federal Reserve and the Bank of England cut interest rates as expected.

The benchmark S&P/BSE Sensex was little changed at 79,492, recouping some earlier losses.

The broader NSE Nifty index was down 19 points at 24,180.

Lupin, NCC, Cochin Shipyard, NHPC and SAIL fell 1-4 percent after reporting their quarterly earnings results.

Tata Motors fell 1.5 percent ahead of its earnings release while SBI shares were up half a percent.

Astral dropped 1 percent after posting an 18 percent drop in Q2 profit.

Shriram Finance, Coal India, BPCL and Trent fell 1-2 percent while IT stocks such as Infosys, Tech Mahindra and Wipro all were up over 1 percent.

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Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.

RTTNews | 39 minutes ago

Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.

RTTNews | 52 minutes ago

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.

RTTNews | 1h 11min ago

FTSE 100 Modestly Higher As Miners Rise

FTSE 100 Modestly Higher As Miners Rise

The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices. Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.

RTTNews | 1h 52min ago

CAC 40 Down Nearly 0.5%

CAC 40 Down Nearly 0.5%

French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.

RTTNews | 2h 10min ago

DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

German stocks are down in negative territory on Friday in cautious trade amid concerns about a possible downgrade of France's sovereign rating. Optimism about an interest rate cut by the Federal Reserve next week helps limit market's downside.

RTTNews | 2h 27min ago

Sensex, Nifty End Higher On Trade Deal Hopes

Sensex, Nifty End Higher On Trade Deal Hopes

Indian shares rose on Friday as rising jobless claims coupled with in-line U.S. consumer price inflation data spurred expectations for more Federal Reserve rate cuts.

RTTNews | 2h 42min ago

European Shares Mostly Lower In Lackluster Trade

European Shares Mostly Lower In Lackluster Trade

European stocks were mostly lower on Friday, with U.K. stocks bucking the weak trend as the pound faced pressure on weak GDP data.

RTTNews | 4h 5min ago

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