Sensex, Nifty Marginally Lower In Early Trade; ITC Shares Down Over 3%

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Sensex, Nifty Marginally Lower In Early Trade; ITC Shares Down Over 3%

(RTTNews) - Indian shares were subdued on Wednesday amid delays in finalizing the India-U.S. trade agreement and investor anxiety around the ballooning U.S. debt levels.

The benchmark S&P BSE Sensex was down 90 points, or 0.1 percent, at 81,461 in early trade while the broader NSE Nifty index slipped 33 points, or 0.1 percent, to 24,794.

ITC declined 3.2 percent on reports that British American Tobacco will offload 2.3 percent stake in the company through a block deal.

Mahindra & Mahindra, IndusInd Bank, Titan Company and Nestle India all were down around 1 percent.

Bosch lost 4 percent on reporting a marginal decline in its fourth-quarter net profit.

LIC jumped 5.5 percent after reporting a 38 percent increase in Q4 net profit.

EID Parry (India) rose over 1 percent on posting 30 percent quarterly profit growth. Hindustan Copper rallied 3.4 percent as quarterly profit jumped 50 percent from last year.

HBL Engineering rose 1.5 percent on securing on order worth Rs. 101.55 crore.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
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Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.
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Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.
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Indonesia Bourse May Test Resistance At 7,800 Points

Indonesia Bourse May Test Resistance At 7,800 Points

The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
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Additional Support Called For Hong Kong Stock Market

Additional Support Called For Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, gathering more than 110 points or 0.4 percent along the way. The Hang Seng Index now rests just beneath the 24,970-point plateau and it's expected to open to the upside again on Wednesday.
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Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday after opening in the green, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,900 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
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