Sensex, Nifty Surrender Early Gains To End Lower

RTTNews | 819 gün önce
Sensex, Nifty Surrender Early Gains To End Lower

(RTTNews) - Indian shares ended a choppy session lower on Wednesday, extending losses for a fifth consecutive session.

Wall Street's main indexes surged higher overnight and Asian markets followed suit, helping Indian markets open on a positive note today.

The early gains faded as European stocks slipped again on concerns over the ripple effect of the SVB meltdown.

A rebound in the dollar and Treasury yields also triggered volatility.

The benchmark S&P/BSE Sensex ended a choppy session down 344.29 points, or 0.59 percent, at 57,555.90 while the broader NSE Nifty index settled 71.15 points, or 0.42 percent, lower at 16,972.15.

SBI, Hindustan Unilever, Reliance Industries, IndusInd Bank and Bharti Airtel fell 1-2 percent in the Nifty pack, while Adani Ports and Adani Enterprises jumped 4-6 percent.

Among other prominent gainers, Titan Company, Tata Steel and Asian Paints climbed 2-3 percent.

The rupee traded weak in the afternoon as traders kept a close eye on the developments surrounding the SVB crisis and awaited more U.S. economic data for cues on the Federal Reserve's monetary policy path.

Overnight data showed U.S. consumer price inflation eased slightly last month, spurring hopes of a smaller rate hike at the conclusion of next week's FOMC meeting.

read more
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 27 dakika önce
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 1s 34 dakika önce
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 1s 43 dakika önce
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1s 44 dakika önce
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 1s 47 dakika önce
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 1s 55 dakika önce
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 3s 35 dakika önce