Sensex, Nifty Settle Lower For 4th Straight Day

RTTNews | Pred 750 dňami

(RTTNews) - Indian shares tumbled on Monday, falling for a fourth successive session, as rising bond yields, geopolitical tensions, inflation concerns and the outlook for interest rates continued to hurt investor sentiment and triggered heavy selling at several counters.

Friday's weak close on Wall Street, and the weakness in Asian and European markets today rendered the mood in the Indian market quite bearish.

Investors reacted to a slew of corporate earnings updates, in addition to tracking the trend in commodity and currency markets.

The BSE benchmark Sensex ended down 825.74 points or 1.26% at 64,571.88. The broader Nifty50 index of the National Stock Exchange settled with a loss of 260.90 points or 1.34% at 19,281.75.

In economic news, data from the Reserve Bank of India showed India's forex reserves rose by $1.15 billion to $585.89 billion for the week ended October 13.

Among Sensex stocks, only Mahindra & Mahindra (up 0.35%) and Bajaj Finance (up marginally), managed to close in positive territory.

JSW Steel ended lower by about 3%. Tata Steel, Tata Consultancy Services, Tata Motors, Wipro and HCL Technologies lost 2.2 to 2.6%. NTPC, State Bank of India, Larsen & Toubro, Sun Pharmaceutical Industries, UltraTech Cement, IndusInd Bank, Power Grid Corporation, Axis Bank and Reliance Industries declined 1.5 to 2%.

Infosys, Tech Mahindra, Titan, Maruti Suzuki, Bajaj Finserv, HDFC Bank and Asian Paints lost 1 to 1.4%.

Kotak Bank ended lower by 1.7% despite reporting 24% year-on-year increase in the net profit in the second quarter ended September 2023.

ICICI Bank edged down marginally. The bank reported standalone profit of Rs 10,261 crore for the quarter ended September 30, 2023, a 35.7% jump compared to the profit in the year-ago quarter. The bank's gross non-performing assets declined to 2.48% of gross advances at the end of the September quarter from 2.76% a year ago. Its net NPAs or bad loans declined to 0.43% against 0.61% in the year-ago period.

Adani Enterprises, down 3.7%, was the biggest loser in the Nifty50 index. Hindalco, Adani Ports, UPL, HDFC Life, Coal India and Grasim Industries ended lower by 2 to 3.1%.

In the Nifty50 too, only Mahindra & Mahindra and Bajaj Finance made it to positive territory today.

Yes Bank shares ended nearly 6% down. The bank reported a 47% year-on-year increase in profit before tax at Rs 225 crore for the quarter ended September 2023.

The market breadth was very weak. On BSE, 3,196 stocks closed weak. 638 stocks ended higher, while 156 stocks closed flat.

Bay Street May Open Higher Again

Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.

RTTNews | Pred 3 h 54 min

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.

RTTNews | Pred 4 h 49 min

FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.

RTTNews | Pred 5 h 6 min

CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.

RTTNews | Pred 5 h 33 min

DAX Up Marginally As Mood Remains Positive After Passage Of U.S. Short-term Spending Bill

The German market is up in positive territory on Tuesday, as the undertone remains firm following the U.S. Senate passing a short-term funding bill late Monday to end the longest government shutdown in U.S, history.

RTTNews | Pred 5 h 58 min

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.

RTTNews | Pred 6 h 31 min

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.

RTTNews | Pred 7 h 22 min

European Shares Climb As US Senate Approves Deal To End Government Shutdown

European stocks hit a two-week high on Tuesday after the U.S. Senate passed a short-term funding bill to end the longest government shutdown in U.S, history. The bill will now be sent to the House, where a vote could come as early as Wednesday.

RTTNews | Pred 8 h 34 min

EURUSD	1.15927	GBPUSD	1.31706	AUDUSD	0.65265
USDJPY	154.009	USDCAD	1.40074	USDCHF	0.79966