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Sensex, Nifty Little Changed; IT Stocks Drag

RTTNews | 160 dagar sedan

Sensex, Nifty Little Changed; IT Stocks Drag

(RTTNews) - Indian shares struggled for direction on Wednesday after a two-day rally. A cautious undertone prevailed as investors weighed geopolitical tensions and waited for the Federal Reserve to provide an update on the rate outlook.

The benchmark S&P BSE Sensex was up 83 points, or 0.1 percent, at 75,384 in early trade while the broader NSE Nifty index edged up by 34 points, or 0.2 percent, to 22,868.

Apollo Hospitals Enterprise, BPCL, Bajaj Finance and Tata Steel rose 1-2 percent while IT stocks such as TCS, Infosys and HCL Technologies all fell around 1 percent. IndusInd Bank rose about 1 percent. IndusInd International Holdings chairman Ashok Hinduja said that promoters are ready to inject capital into the bank if necessary.

Adani Green Energy climbed 1.1 percent. Five fundamental rights petitions filed against the company in the northeastern region of Sri Lanka have been withdrawn by the petitioners.

Zydus Lifesciences gained 0.8 percent as it received final approval from the U.S. health regulator to manufacture a generic version of Apalutamide tablets used in the treatment of prostate cancer.

Vodafone Idea surged 4 percent after launching its 5G services in India.

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U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 39 minuter sedan

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 50 minuter sedan

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | 2h 9minuter sedan

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | 2h 14minuter sedan

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | 2h 36minuter sedan

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | 3h 1minuter sedan

DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.

RTTNews | 4h 24minuter sedan

Sensex, Nifty Tumble On Tariff Worries

Sensex, Nifty Tumble On Tariff Worries

Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 4h 29minuter sedan

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