Sensex, Nifty Subdued On Trade Jitters

RTTNews | 11h 19min ago
Stocktwits
Sensex, Nifty Subdued On Trade Jitters

(RTTNews) - Indian shares were subdued on Thursday as U.S. President Donald Trump escalated his tariff campaign, sending letters targeting six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.

The benchmark S&P/BSE Sensex was down 109 points, or 0.1 percent, at 83,427 in early trade while the broader NSE Nifty index slid by 35 points, or 0.1 percent., to 25.441.

Automakers such as Tata Motors and Mahindra & Mahindra were down around 1 percent each.

Tata Consultancy Services and Tata Elxsi were moving lower ahead of their Q1 results announcements.

Dr Reddy's Laboratories fell about 1 percent on going ex-dividend. NCL Industries declined 2.3 percent on reporting a 5 percent year-on-year fall in cement production.

Indosolar jumped 5 percent on news of stake sale by promoter Waaree Energies.

RailTel Corporation of India climbed 1.4 percent on receiving a work order worth Rs 17.5 crore from the General Administration Department (GAD), Chhattisgarh.

Blue Dart Express gained 1 percent after launching its Rakhi Express Campaign, offering up to 50 percent off for festive shipments.

Stocktwits
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U.S. Jobless Claims Unexpectedly Slip To 227,000

U.S. Jobless Claims Unexpectedly Slip To 227,000

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 1h 51min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

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First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 3h 4min ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 3h 6min ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 4h 16min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 4h 50min ago
DAX Modestly Up After Hitting Fresh Record High

DAX Modestly Up After Hitting Fresh Record High

German stocks are up in positive territory on Thursday, extending gains from the previous three sessions, as investors continue to focus on US-EU trade negotiations. Data showing a drop in Germany's consumer price inflation in the month of June is aiding sentiment.
RTTNews | 5h 10min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 6h 5min ago
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