Sensex, Nifty Tad Lower Ahead Of RBI Rate Decision; Rupee Opens Flat

RTTNews | Pred 959 dňami
Sensex, Nifty Tad Lower Ahead Of RBI Rate Decision; Rupee Opens Flat

(RTTNews) - Indian shares were a tad lower on Friday, tracking weak global markets in the wake of rising concerns surrounding inflation and the growth outlook.

Investors also awaited the RBI's interest-rate decision later in the day for directional cues.

The benchmark S&P BSE Sensex dropped 190 points, or 0.3 percent, to 56,219 in early trade, while the broader NSE Nifty index was down 49 points, or 0.3 percent, at 16,769.

TCS, Mahindra & Mahindra, Tech Mahindra, Tata Motors and Asian Paints fell 1-2 percent in the Nifty pack, while Power Grid Corp, Hindalco and ONGC climbed 2-3 percent.

The rupee opened flat at 81.57 against the greenback after India reported a lower-than-expected current account deficit for the June quarter.

Hero MotoCorp edged down slightly on news it would invest $60 million in California-based Zero Motorcycles for developing electric motorcycles.

Adani Enterprises fell about 1 percent as it enters the Nifty 50 index replacing Shree Cement. Shares of the latter gained 1 percent.

Indian Oil Corp was little changed after it set up a subsidiary for treasury operations.

Adani Ports slipped half a percent after incorporating a unit for trading in aviation-related fuels.

Deepak Nitrite declined 1.2 percent after LIC raised its stake in the company.

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RTTNews | Pred 1 h 9 min
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RTTNews | Pred 1 h 57 min
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RTTNews | Pred 2 h 12 min
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RTTNews | Pred 3 h 2 min
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RTTNews | Pred 3 h 36 min
Japanese Market Notably Lower

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Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
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Win Streak May Continue For Indonesia Bourse

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RTTNews | Pred 4 h 6 min