Sensex, Nifty Follow Global Peers Lower; IT Stocks Worst Hit

RTTNews | Pred 637 dňami
Sensex, Nifty Follow Global Peers Lower; IT Stocks Worst Hit

(RTTNews) - Indian shares opened lower on Wednesday, mirroring weak cues from global markets on concerns over elevated inflation in the U.S. and delayed rate cuts by the Federal Reserve.

The benchmark S&P BSE Sensex was down 530 points, or 0.7 percent, at 71,035 in early trade while the broader NSE Nifty index slid 140.10 points, or 0.6 percent, to 21,603.

Tech shares led losses, with LTIMindTree, Wipro, Tech Mahindra and Infosys all falling around 2 percent after a jump in U.S. Treasury yields.

Private sector lender HDFC Bank was down 1.8 percent.

Adani Green rose over 2 percent, Adani Ports edged up marginally and Adani Energy Solutions was little changed after Moody's Investors Service revised its outlook on the firms from "Negative" to "Stable".

Paytm parent One97Communications, which is facing a serious risk of exodus of customers, slumped 8.4 percent.

Gujarat Gas declined 2.3 percent on disappointing Q3 results.

Mahindra & Mahindra rose half a percent ahead of its earnings release.

Zee Entertainment Enterprises dropped 1 percent after reporting lower Q3 revenue.

BHEL edged down slightly after posting a standalone net loss of Rs. 163 crores in Q3FY24.

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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, reversing the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews | Pred 1 h 14 min
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Wednesday, following the mixed cues from Wall Street overnight, amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. Traders largely shrugged off worries about the economic impact of the shutdown. Asian markets closed mixed on Tuesday.
RTTNews | Pred 1 h 20 min
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Wednesday, tracking mostly positive cues from global markets.
RTTNews | Pred 1 h 52 min
Mild Rebound Anticipated For Thai Stock Market

Mild Rebound Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it's expected to move back to the upside again on Wednesday.
RTTNews | Pred 2 h 28 min
Indonesia Shares Poised To End Losing Streak

Indonesia Shares Poised To End Losing Streak

The Indonesia stock market has moved lower in back-to-back sessions, slumping almost 30 points or 0.4 percent along the way. The Jakarta Composite Index now sits just above the 8,360-point plateau although it's expected to find traction on Wednesday.
RTTNews | Pred 2 h 58 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 50,900 level, with gains in automakers and financial stocks partially offset by weakness in technology stocks.
RTTNews | Pred 2 h 59 min
Higher Open Anticipated For Hong Kong Shares

Higher Open Anticipated For Hong Kong Shares

The Hong Kong stock market has moved higher in two straight sessions, advancing almost 450 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 26,700-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | Pred 3 h 13 min
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews | Pred 3 h 19 min