Sensex, Nifty Open Lower In Cautious Trade; Metal And IT Stocks Buck Trend

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Sensex, Nifty Open Lower In Cautious Trade; Metal And IT Stocks Buck Trend

(RTTNews) - Indian shares were a tad lower in early trade on Wednesday, as the World Bank slashed its global growth forecasts and investors awaited U.S. inflation data due on Thursday for clues to the economic and rate outlook.

The benchmark S&P BSE Sensex slipped 37 points to 60,078 while the broader NSE Nifty index was down 17 points at 17,897.

Bharti Airtel slumped 3.5 percent to extend losses from the previous session while Divis Laboratories, Eicher Motors, Apollo Hospitals Enterprise and Cipla dropped 1-2 percent.

On the positive side, Tech Mahindra, JSW Steel, HCL Technologies and Hindalco climbed 1-2 percent.

Tata Motors gained 1 percent after completing the acquisition of Ford India's manufacturing plant at Sanand.

Adani Wilmar rallied 2.6 percent after reporting strong volume growth and market share gains across product categories in the December quarter.

Bharat Dynamics and Astra Microwave Products both rose over 2 percent as the defense acquisition council approved acceptance of necessity for three capital acquisition proposals worth Rs 4,276 crore.

TCS rose half a percent after falling sharply in the previous session on disappointing earnings.

Adani Ports and Special Economic Zone edged up slightly. A consortium led by the company has completed the acquisition of Haifa Port Company (HFC) from the Israeli government.

Sigachi Industries tumbled 3.5 percent on fund raising reports.

Bank of Baroda was up slightly after hiking its lending rates.

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DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

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European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks may drift lower on Wednesday as market participants assess the outcome of U.S.-China trade negotiations.
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Sensex, Nifty Marginally Higher In Lackluster Trade

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners 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, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
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