Sensex, Nifty Fluctuate In Early Trade; Metal Stocks Gain On China Optimism

RTTNews | 874 дней спустя
Sensex, Nifty Fluctuate In Early Trade; Metal Stocks Gain On China Optimism

(RTTNews) - Indian shares fluctuated in early trade on Tuesday after posting strong gains in the previous session due to short covering following last week's steep losses.

The benchmark S&P/BSE Sensex slipped 103 points, or 0.2 percent, to 60,463, giving up early gains.

The broader NSE Nifty index was down 42 points, or 0.2 percent, at 17,972 after having snapped a four-day losing streak on Monday.

Mahindra & Mahindra, IndusInd Bank, Bajaj FinServ and ITC all fell around 1 percent while metal stocks such as Tata Steel, Hindalco and JSW Steel climbed 1-2 percent on China reopening optimism.

The offshore yuan held a gain from overnight and the dollar index eased on improved risk sentiment after China announced that it would drop quarantine for inbound travelers starting from Jan. 8.

Jet Airways jumped 2.3 percent on reports that at least two senior executives as well as some pilots and cabin crew have quit the airline.

read more
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 47 минут назад
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 2ч 21мин назад
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 3ч 13мин назад
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 4ч 51мин назад
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 5ч 7мин назад
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 5ч 39мин назад