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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China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | 13 minuter sedan
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
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Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
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Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
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Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
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New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
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Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 3h 31minuter sedan
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
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