Sensex, Nifty End Marginally Higher; Banks Decline

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Sensex, Nifty End Marginally Higher; Banks Decline

(RTTNews) - Indian shares ended Wednesday' session marginally higher as easing Middle East tensions offset the modestly hawkish tone of the FOMC minutes.

Hamas and Israel have agreed to a Qatar-mediated pause in fighting, helping ease Middle East tensions.

The U.S. dollar recovered from 2-1/2-month low but remained near recent lows after the FOMC meeting minutes largely reaffirmed the U.S. central bank's more cautious stance on interest rates.

Oil prices fell after a substantial build in U.S. crude stocks, while Treasury yields were mixed due to lingering concerns about slowing global growth.

The benchmark S&P BSE Sensex ended the session up 92.47 points, or 0.14 percent, at 66,023.24 while the broader NSE Nifty index edged up 28.45 points, or 0.14 percent, to close at 19,811.85.

State-run oil marketing firm BPCL topped the gainers list to climb 3.7 percent after proposing interim dividend.

NTPC, Infosys, Bajaj Auto and Cipla all rose over 1 percent.

Banks and commodity-related stocks ended on a weak note, with Adani Enterprises, Hindalco, Adani Ports, Kotak Mahindra Bank and IndusInd Bank falling 1-2 percent.

RBI Governor Shaktikanta Das said at the annual FIBAC event today that the recent stricter norms on unsecured lending were aimed at sustainability.

He clarified that certain sectors like housing and vehicle loans, along with small business credits, were exempted, due to their positive impact on economic growth.

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Swiss Market Ends Marginally Down

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RTTNews | 2h 10minuter sedan
U.S. Factory Orders Pull Back Sharply In June

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After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 6h 4minuter sedan
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 6h 7minuter sedan
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
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Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

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FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 8h 24minuter sedan