Sensex, Nifty Modestly Higher; Healthcare Stocks Underperform

RTTNews | 506 дней спустя
Sensex, Nifty Modestly Higher; Healthcare Stocks Underperform

(RTTNews) - Indian shares were seeing modest gains in cautious trade on Wednesday ahead of the release of key U.S. inflation readings and the minutes of Fed's March policy meeting.

The benchmark S&P BSE Sensex rose 238 points, or 0.3 percent, to 74,921 in early trade, while the broader NSE Nifty index was up 68 points, or 0.30 percent, at 22,710.

Kotak Mahindra Bank, Bharti Airtel, Tata Steel, Coal India and BPCL climbed 1-2 percent in the Nifty pack while Divis Laboratories dropped 2.3 percent and Sun Pharma fell 1 percent.

IndusInd Bank rose about half a percent on news its promoters will buy a 60 percent stake in the Indian arm of global asset manager Invesco.

Godrej Properties was marginally higher, a day after reporting 84 percent growth in sales booking in FY24.

Protean eGov Technologies surged 4.3 percent on fund raising reports. PB Fintech jumped 5 percent after incorporating a wholly owned subsidiary.

One 97 Communications lost 3 percent after Surinder Chawla resigned as the chief executive officer of its banking unit Paytm Payments Bank.

Exide Industries fell about 1 percent after it acquired a 26 percent stake in Clean Max Arcadia Private Ltd for Rs. 5.34 crore. Aditya Birla Fashion and Retail dropped half a percent after establishing a new entity, Aditya Birla Lifestyle Brands.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 1ч 33мин назад
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 2ч 1мин назад
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 | 5ч 5мин назад
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 | 5ч 48мин назад
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 | 6ч 17мин назад