Sensex, Nifty End Lower Amid Fed Worries, Weekly F&O Expiry

RTTNews | Pred 979 dňami
Sensex, Nifty End Lower Amid Fed Worries, Weekly F&O Expiry

(RTTNews) - Indian shares closed lower on Thursday, extending losses for a second day running amid weak global cues and the expiry of weekly F&O contracts.

Recession worries gripped world markets after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest-rate hikes to curb rampant inflation reaching a 40-year high.

The Swiss National Bank and the Norges Bank in Norway Also hiked rates to combat inflation while the Bank of England was poised to announce another big rate hike later in the day.

Fears over China's slowdown and Russia's warning to escalate Ukraine war also sent world stocks to near a 2-year low.

Closer home, the benchmark S&P BSE Sensex ended the session down 337.06 points, or 0.57 percent, at 59,119.72, while the broader NSE Nifty index settled down 88.55 points, or half a percent, at 17,629.80.

Financials and PSU stocks led losses, with ONGC, HDFC, Axis Bank, HDFC Bank and Power Grid Corp losing 2-3 percent.

Eicher Motors, Maruti Suzuki India, Asian Paints, Hindustan Unilever and Titan Company shares rose 2-3 percent.

The Indian rupee plunged to a new record low versus the greenback on concerns over the quantum and pace of U.S. rate hikes going forward.

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Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

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Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | Pred 1 h 56 min
Bay Street Likely To Open On Mixed Note

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RTTNews | Pred 2 h 9 min
FTSE 100 Down Marginally

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UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | Pred 2 h 58 min
German Unemployment Rises More Than Expected

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Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | Pred 3 h 2 min
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | Pred 4 h 11 min
DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.
RTTNews | Pred 4 h 39 min
France GDP Growth Confirmed At 0.1%

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The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent.
RTTNews | Pred 5 h 21 min