Sensex, Nifty Close Lower For 3rd Straight Day

RTTNews | Pred 845 dňami
Sensex, Nifty Close Lower For 3rd Straight Day

(RTTNews) - Indian benchmark indices Sensex and the Nifty50 posted losses for the third consecutive session as stocks fell on Wednesday with lingering concerns about U.S. interest rates continuing to outweigh recent strong economic data from China.

Technology stocks, which recovered a bit in the previous session after having suffered sharp losses at the start of the week, turned weak again and contributed significantly to market's decline today.

PSU bank stocks were a bit weak due to profit taking after recent strong gains. Media stocks were weak, while metal stocks failed to hold early gains.

The BSE Sensex, which fell to 59,452.72 around mid afternoon, ended the session with a loss of 159.21 points or 0.27% at 59,567.80. The Nifty50 settled at 17,618.75 with a loss of 41.40 points or 0.23%.

HCL Technologies ended 2.4% down ahead of the company's quarterly earnings announcement, due on Thursday.

Infosys drifted lower by 2.28%, Wipro ended 1.8% down, and Tata Consultancy Services lost 1.36%, while Tech Mahindra shed a little over 1%.

IndusInd Bank declined 2.35%. NTPC and Asian Paints both shed about 1.7%. UltraTech Cement, State Bank of India, Sun Pharmaceuticals, Tata Motors, Hind Unilever, Maruti Suzuki and ICICI Bank lost 0.5 to 1.1%.

Axis Bank, Mahindra & Mahindra, Bharti Airtel, HDFC, HDFC Bank, Tata Steel, Reliance Industries and Bajaj Finance gained 0.5 to 1.05%.

BPCL, up 2.4%, was the top gainer in the Nifty index. Divi's Laboratories gained nearly 2%. Eicher Motors and JSW Steel posted modest gains.

SBI Life, HDFC Life, Cipla, Coal India, Tata Consumer Products and Grasim Industries ended notably lower.

ICICI Lombard General Insurance shares slid 4.75% despite reporting higher earnings. The insurer reported a net profit of Rs 437 crore for the January-March quarter, up 40% from a net profit of Rs 312 crore it posted in the year-ago quarter.

On BSE, 1,811 stocks posted gains, and 1,701 stocks closed weak, while 122 stocks ended flat.

read more
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
RTTNews | Pred 1 h 40 min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
RTTNews | Pred 2 h 18 min
Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
RTTNews | Pred 2 h 50 min
Japanese Market Sharply Higher; Up 2%

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.
RTTNews | Pred 3 h 44 min
Indonesia Stock Market May Be Stuck In Neutral On Tuesday

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | Pred 3 h 52 min
Renewed Consolidation Likely For Hong Kong Stock Market

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | Pred 4 h 7 min
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.
RTTNews | Pred 4 h 14 min