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Sensex, Nifty Marginally Lower In Early Trade; Auto Stocks Gain
(RTTNews) - Indian shares were a tad lower in early trade on Thursday, tracking muted global cues amid uncertainty about the trajectory of the U.S. economy.
The benchmark S&P BSE Sensex slipped 40 points to 64,935 while the broader NSE Nifty index was down 18 points at 19,425.
HDFC Life, Tech Mahindra and Tata Consumer Products fell 1-2 percent in the Nifty pack while Apollo Hospitals Enterprise, Hero MotoCorp and Mahindra & Mahindra were up 1-2 percent.
Tata Power declined 1.7 percent on reporting 8 percent growth in Q2 net profit.
Power Finance Corp jumped 5 percent after quarterly profit increased 27 percent from last year.
Bata India rallied 2.4 percent despite posting lower net profit and revenue in Q2. Raymond edged up slightly on positing flat Q2 profit.
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Eurozone GDP Growth Accelerates To 0.6%
The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
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India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral
The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
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Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut
Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.
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U.K. Stocks Subdued As Investors Look For Directional Clues
U.K. stocks are largely subdued Friday morning with investors looking for directional clues and refraining from making significant moves. The focus is on the progress of trade negotiations between U.S. and China, and the upcoming U.S. non-farm payrolls data.
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CAC 40 Down Slightly In Lackluster Trade
French stocks are down slightly in negative territory Friday morning, as disappointing industrial production data, and trade tensions weigh on sentiment.
Investors are also looking ahead to the release of U.S. non-farm payrolls report, due later in the day.
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European Shares Subdued On Disappointing Data
European shares were subdued on Friday as investors reacted to a slew of downbeat regional data and looked ahead to the release of key U.S. non-farm payrolls report for direction.
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2g 25 minut temu
Tesla Shares Plunge 14%, Loses $152 Bln Amid Elon Musk - Donald Trump Fallout
Shares of Tesla Inc. plunged around 14 percent on Thursday's trading on the Nasdaq, losing around $152 billion from its market capital in a single day, after CEO Elon Musk's feud with US President Donald Trump turned into a full-blown public war of words. Tesla's market capitalisation reached below the $1 trillion mark and ended the day at $916 billion. However, the shares returnd to a gain...
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2g 27 minut temu
DAX Drifts Lower On Weak Economic Data
After three successive days of gains, German stocks are a bit subdued on Friday, weighed down by disappointing economic data and concerns about global growth due to Trump administration's trade policy.
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