Sensex, Nifty Open Lower Despite Firm Global Cues; Metal Stocks Rally

RTTNews | 732 dias atrás
Sensex, Nifty Open Lower Despite Firm Global Cues; Metal Stocks Rally

(RTTNews) - Indian shares opened a tad lower on Monday despite firm cues from global markets.

The benchmark S&P BSE Sensex was down 95 points, or 0.1 percent, at 66,064 while the broader NSE Nifty index was down 21 points, or 0.1 percent, at 19,625.

Bajaj Finance, Britannia industries, Asian Paints, Apollo Hospital Enterprise and HDFC Life fell 1-2 percent in the Nifty pack, while metal stocks such as Hindalco, Tata Steel and JSW Steel were up 1-2 percent.

TCS gained 0.7 percent after announcing it is returning to vertical operations structure.

IDFC First Bank added 0.7 percent on reporting a 61 percent jump in Q1 net profit.

Power Grid Corp rallied 1.3 percent on fund raising reports.

NTPC rose about 1 percent after an announcement that it will hive-off its coal mining business to a wholly owned subsidiary, NTPC Mining.

Power Mech Projects soared 15 percent after it won a contract worth Rs 30,438 crores from SAIL.

Piramal Enterprises plunged 7 percent after its board gave approval for a proposal to buy back shares worth up to Rs 1,750 crore.

read more
Asian Shares Retreat As Trump Unveils New Tariffs

Asian Shares Retreat As Trump Unveils New Tariffs

Asian stocks fell on Friday as higher U.S. tariffs kicked in and a private survey showed China's manufacturing activity returned to contractionary territory in July as a result of softening new business growth.
RTTNews | 36 minutos atrás
UK House Price Growth Accelerates In July

UK House Price Growth Accelerates In July

UK house prices grew at a faster pace in July reflecting steadily improving housing affordability and moderate fall in mortgage rates, Nationwide Building Society said on Friday. House prices increased 2.4 percent on a yearly basis in July, following June's 2.1 percent increase. Prices were expected to climb at a steady pace of 2.1 percent in July.
RTTNews | 2 h 31 min atrás
China Manufacturing Activity Slips Into Contraction

China Manufacturing Activity Slips Into Contraction

China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
RTTNews | 2 h 53 min atrás
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
RTTNews | 3 h 24 min atrás
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 5 h 58 min atrás
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | 6 h 18 min atrás