Sensex, Nifty Up Marginally After Scaling New Highs

RTTNews | 772 dias atrás
Sensex, Nifty Up Marginally After Scaling New Highs

(RTTNews) - Indian shares are turning in a mixed performance Wednesday morning, with investors looking for direction and largely making stock specific moves.

The benchmark BSE Sensex, which rose to a fresh high of 67,117.05, is up 25.26 points or 0.05% at 66,820.40.

The National Stock Exchange's Nifty50 is up 5.50 points or 0.03% at 19,754.75, after posting a new high at 19,841.65.

NTPC is up 4.3%. Bajaj Finance and Power Grid Corporation are up 1.3% and 1.25%, respectively. Sun Pharmceutical Industries, Bajaj Finserv, State Bank of India, Kotak Bank, Larsen & Toubro and Titan Industries are up with modest gains.

IndusInd Bank is gaining about 1.75% on strong results. IndusInd Bank reported a net profit of Rs 2,124 crore for the quarter ended June 2023, up 32.5% compared to the year-ago quarter. The bank's gross non-performing assets ratio as a percentage of sales was 1.94% as of 30 June 2023, compared with 2.35% a year ago.

Hind Unilever, Nestle, Tata Consultancy Services, ITC, ICICI Bank, Infosys, Asian Paints, Mahindra & Mahindra and Maruti Suzuki are down 0.3 to 0.7%.

LTI Mindtree, Tata Consumer Products, Tech Mahindra and Cipla are also weak.

L&T Technology Services shares are gaining 1.2%. The company reported a 13% year-on-year increase in net profit at Rs 311.1 crore in the first quarter of the current financial year.

Havells India is gaining 3%. ABB, HDFC AMC, Canada Bank, Cholamandalam Finance, Bajaj Holding, DLF, Indigo and McDowell are up 1 to 1.5%.

ICICI Prudential Life is down more than 3%, weighed down by a 4% drop in annualised premium equivalent to Rs 1,461 crore for the quarter ended June 2023.

The market breadth is fairly strong. On BSE, 1,887 stocks are up in positive territory, and 1,277 stocks are weak, while 140 stocks are little changed from their previous closing levels.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 24 minutos atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 1 h 7 min atrás
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1 h 37 min atrás
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2 h 50 min atrás
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 3 h 23 min atrás