Sensex, Nifty End Lower On Rate Worries

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Sensex, Nifty End Lower On Rate Worries

(RTTNews) - Indian shares ended lower on Wednesday, tracking weak global markets after the August U.S. job openings survey signaled a tight labor market, keeping the risks tiled toward another Fed rate hike.

Mixed comments from Fed officials on the rate hike path and concerns over the impact of higher oil prices on inflation and growth also kept nervous ahead of the RBI's MPC decision on interest rates due Friday.

The benchmark S&P BSE Sensex dropped 286.06 points, or 0.44 percent, to 65,226.04 as the bond rout continued and the dollar traded close to 2023 highs.

The broader NSE Nifty index settled 92.65 points, or 0.47 percent, lower at 19,436.10, with banks and automakers leading losses.

Axis Bank slumped 4.7 percent after reports that the private sector lender is looking to raise funds up to Rs. 10,000 crores via a QIP issue. However, the bank termed the report as "purely speculative and factually incorrect".

Bajaj Auto, IndusInd Bank, NTPC and SBI fell 2-3 percent.

Adani Enterprises rallied 3.2 percent after Abu Dhabi conglomerate International Holding Company increased its stake in the company to more than 5 percent.

HDFC Bank, Hindustan Unilever, Eicher Motors and Nestle India rose 2-3 percent.

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Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
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European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
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Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
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Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
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Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
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