Sensex, Nifty Marginally Higher In Lackluster Trade

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Sensex, Nifty Marginally Higher In Lackluster Trade

(RTTNews) - Indian shares struggled for director on Wednesday as investors watched the latest developments on the trade front and awaited key U.S. inflation data for additional clues on the Fed's rate trajectory.

Geopolitical tensions also remained in focus after Prime Minister Narendra Modi said he let armed forces have "complete operational freedom" to decide on the mode, targets and timing of India's response to the April 22 Pahalgam terror attack.

The benchmark S&P BSE Sensex was up 10 points at 80,298 while the broader NSE Nifty index was up 8 points at 24,343.

Vedanta rose about half a percent and IOC added nearly 2 percent ahead of their earnings results due today.

BPCL gained 2 percent and HPCL rose 1.3 percent as oil headed for its worst-ever April on demand concerns.

CEAT jumped 2.6 percent despite reporting an 8.4 percent decline in profit for the fourth quarter.

Bajaj Finance plunged 5.3 percent and Bajaj FinServ plummeted 6 percent after announcing their quarterly results.

State Bank of India declined 1.4 percent on fund raising reports.

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China Manufacturing Activity Slips Into Contraction

China Manufacturing Activity Slips Into Contraction

China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
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European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
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Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
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Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
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Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
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