Sensex, Nifty End Marginally Higher In Cautious Trade

RTTNews | 25 dias atrás
Sensex, Nifty End Marginally Higher In Cautious Trade

(RTTNews) - Indian shares fluctuated before ending little changed on Tuesday as tensions between India and Pakistan threatened to spiral into open armed conflict.

Global cues were mixed due to tariff-related worries and fears of an U.S. economic slowdown.

The White House has confirmed President Trump's plan to reduce tariffs on auto parts for cars made in America following intense lobbying by industrial leaders.

At the same time, U.S. Treasury Secretary Scott Bessent put the burden for trade progress squarely on China, increasing confusion about the status of talks between the two countries.

China vowed to stand firm and said that concession and retreat will only make the bully more aggressive.

The benchmark 30-share BSE Sensex ended 0.09 percent higher at 80,288.36, giving up some early gains.

The broader NSE Nifty index ended flat with a positive bias at 24,335.95 while the BSE mid-cap and small-cap indexes ended up 0.2 percent and 0.1 percent, respectively. The market breadth was weak on the BSE, with 2,102 shares declining while 1,824 shares advanced and 128 shares closed unchanged.

Eternal, Tech Mahindra and Reliance Industries all rose around 2 percent while Kotak Mahindra Bank, NTPC, Power Grid Corp, Sun Pharma and UltraTech Cement fell 1-2 percent.

Tata Group company Trent surged 5.8 percent as Q4 profit beat Street estimates. Ambuja Cements dropped 1.8 percent as it reported a 9 percent decline in consolidated net profit for the fourth quarter.

Defense stocks rallied for the second straight session amid heightened tensions along the India-Pakistan border and ahead of a Union Cabinet meeting on Wednesday to discuss security and strategic issues at length.

Paras Defense and Space Technologies soared 20 percent, Data Patterns (India) jumped nearly 15 percent and Bharat Electronics advanced 4 percent.

read more
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | 1 dia atrás
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | 1 dia atrás
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | 1 dia atrás
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | 1 dia atrás
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | 1 dia atrás
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | 1 dia atrás
Bay Street Likely To Open On Negative Note On Tariff Concerns

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
RTTNews | 1 dia atrás
FTSE Pares Early Gains, Up Marginally In Cautious Trade

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.
RTTNews | 1 dia atrás