Sensex, Nifty End Choppy Session On Flat Note; Auto Stocks Rally

RTTNews | Pred 686 dňami
Sensex, Nifty End Choppy Session On Flat Note; Auto Stocks Rally

(RTTNews) - Indian shares fluctuated before ending little changed on Wednesday as weak service sector activity data from China, Europe and the U.K. added to recession worries. Closer home, a survey showed growth in India's services sector fell to a three-month low in June.

The benchmark S&P/BSE Sensex ended a choppy session down 33.01 points at 65,446.04, after having hit a fresh record closing high for a fourth straight session the previous day.

The broader NSE Nifty index closed up 9.50 points at 19,398.50.

Bajaj Auto soared nearly 6 percent. Domestic sales of its electric scooter Chetak grew over four-fold to 36,260 units in FY23, according to the company's latest annual report.

Divis Laboratories followed suit with a 5.9 percent gain, HDFC Life shares jumped 4.3 percent, Maruti Suzuki India rallied 3.6 percent and Hero MotoCorp added 3.5 percent. HDFC twins fell on profit taking after recent strong gains. HDFC Bank and HDFC both lost around 3 percent after the release of Q1 business update.

Eicher Motors dropped 2.6 percent while both UPL and Tata Consumer Products fell over 1 percent.

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U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
RTTNews | Pred 41 minútami
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | Pred 1 h 53 min
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | Pred 2 h 47 min
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
RTTNews | Pred 3 h 2 min
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | Pred 4 h 15 min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
RTTNews | Pred 4 h 54 min