Sensex, Nifty Snap Three-day Winning Run

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Sensex, Nifty Snap Three-day Winning Run

(RTTNews) - Indian shares ended lower on Thursday to snap a three-day winning streak after the U.S. Federal Reserve signaled that two more rate increases are on the way. The dollar traded higher and Treasury yields rebounded after the Federal Reserve held interest rates steady on Wednesday, as widely expected, but signaled that borrowing costs will likely rise by another half of a percentage point by the end of this year.

Disappointing data from China also rekindled concerns about the global economic outlook.

The benchmark S&P/BSE fell 310.88 points, or 0.49 percent, to 62,917.63 after gaining for three consecutive sessions. The broader NSE Nifty index dropped 67.80 points, or 0.36 percent, to 18,688.10.

Auto, banking and IT heavyweights were the top drags, with Kotak Mahindra Bank, SBI, IndusInd Bank, Wipro and Hero MotoCorp falling 2-4 percent.

Healthcare stocks outperformed, with Cipla, Dr Reddy's Laboratories, Divis Laboratories and Apollo Hospitals Enterprise rallying 2-4 percent. Property developers rose in a subdued market, with Brigade Enterprises and Godrej Properties climbing 3-4 percent.

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European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

First quarterly GDP estimates and foreign trade from the UK and flash GDP and employment from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is expected to remain flat on month in March after expanding 0.5 percent in February.
RTTNews | 54 minuter sedan
Australian Market Turns To Modest Gains In Mid-market

Australian Market Turns To Modest Gains In Mid-market

The Australian market is turning its early losses to modest gains in mid-market on Thursday, after being in the red most of the morning session, extending the gains in the previous six sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,300 level, with gains in financial and technology stocks nearly offset by weakness in mining stocks.
RTTNews | 2h 15minuter sedan
Indian Market Likely To Open On Cautious Note

Indian Market Likely To Open On Cautious Note

Subdued GIFT Nifty, weak Asian stocks and the overnight mixed close on Wall Street point to a slightly negative start for Indian shares Thursday morning. Investors are likely to react to a slew of quarterly earnings announcements.
RTTNews | 2h 22minuter sedan
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious amid continued uncertainty surrounding US President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K. Asian Markets closed mostly higher on Wednesday.
RTTNews | 2h 26minuter sedan
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's poised to inch higher again on Thursday.
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Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,800 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
RTTNews | 4h 2minuter sedan
Indonesia Bourse May Test Resistance At 7,000 Points

Indonesia Bourse May Test Resistance At 7,000 Points

The Indonesia stock market has finished higher in two straight sessions, improving more than 150 points or 2.2 percent in that span. The Jakarta Composite Index now rests just beneath the 6,980-point plateau although investors may lock in gains on Thursday.
RTTNews | 4h 10minuter sedan