Sensex, Nifty End Modestly Lower As RBI Cuts Repo Rate

RTTNews | Pred 257 dňami
Sensex, Nifty End Modestly Lower As RBI Cuts Repo Rate

(RTTNews) - Indian shares ended slightly lower on Friday as the Reserve Bank of India (RBI) reduced its key interest rates for the first time in nearly five years with an aim to support the slowing economy, which is projected to grow at its weakest pace in four years.

Under the leadership of newly appointed Governor Sanjay Malhotra, the Monetary Policy Committee has reduced the policy repo rate by 25 basis points to 6.25 percent from 6.50 percent, as widely expected. This was the first reduction since May 2020.

The benchmark 30-share BSE Sensex dropped 197.97 points, or 0.25 percent, to 77,860.19 while the broader NSE Nifty index fell 43.40 points, or 0.18 percent, to 23,559.95.

The BSE mid-cap index edged up by 0.1 percent while the small-cap index shed 0.7 percent.

The market breadth was negative, with 2,397 shares declining while 1,524 shares advanced and 143 shares closed unchanged.

TCS, Adani Ports, Britannia Industries, SBI and ITC dipped 1-2 percent while Trent, JSW Steel, Bharti Airtel, ITC Hotels and Tata Steel surged 3-4 percent.

Ola Electric fell 2.4 percent as Q3 loss widened year-on-year.

Aadhar Housing Finance added 1.8 percent on posting healthy Q3 results.

Hyundai Motor India shares rallied 3.6 percent on heavy volumes.

read more
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid optimism about the outlook for interest rates as markets are pricing in another rate cut by the U.S. Fed at its upcoming October 28-29 monetary policy meeting, despite the absence of vital data to gauge the trajectory of the economy. Asian markets closed mostly lower on Wednesday
RTTNews | Pred 29 minútami
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is sharply lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | Pred 2 h 17 min
Indonesia Stock Market May Extend Wednesday's Losses

Indonesia Stock Market May Extend Wednesday's Losses

The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 8,150-point plateau and it's likely to open in the red again on Thursday.
RTTNews | Pred 2 h 20 min
Lower Open Predicted For Hong Kong Stock Market

Lower Open Predicted For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,780-point plateau and it's looking at another soft start again on Thursday.
RTTNews | Pred 2 h 35 min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 9,000 mark, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | Pred 2 h 47 min
China Bourse May Extend Wednesday's Losses

China Bourse May Extend Wednesday's Losses

The China stock market on Wednesday ended the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits beneath the 3,915-point plateau and the losses may accelerate on Thursday.
RTTNews | Pred 2 h 50 min
More Pain Predicted For Taiwan Stock Market

More Pain Predicted For Taiwan Stock Market

The Taiwan stock market on Wednesday wrote a finish to the two-day winning streak in which it had collected more than 450 points or 1.7 percent. The Taiwan Stock Exchange now sits just beneath the 27,650-point plateau and it's expected to open under pressure again on Thursday.
RTTNews | Pred 3 h 20 min