Sensex, Nifty Struggle For Direction In Early Trade

RTTNews | 577 dagar sedan
Sensex, Nifty Struggle For Direction In Early Trade

(RTTNews) - Indian shares struggled for direction in early trade on Monday as investors weighed weak global cues against projections of strong economic growth for 2023-24.

Markets were also reacting to reports suggesting that the interim budget to be presented on 1 February is likely to increase the tax rebate under the new personal income tax regime.

The benchmark S&P BSE Sensex was down 91 points, or 0.1 percent, at 71,945 while the broader NSE Nifty index slipped 30 points, or 0.1 percent, to 21,680.

Tata Consumer Products, Divis Laboratories, Apollo Hospitals Enterprise, Hindustan Unilever and UPL fell 1-2 percent in the Nifty pack, while Tata Steel, ONGC, Hero MotoCorp, Eicher Motor and BPCL were up between 0.8 percent and 1.5 percent.

Tata Consultancy Services shed 0.6 percent while Infosys edged up slightly ahead of their Q3 earnings due on January 11.

Titan Company edged up 0.3 percent after sharing its Q3 update.

Reliance Industries gained half a percent after it announced a partnership with Canada's Brookfield to open a data center in Chennai.

Bajaj Auto added half a percent ahead of a board meeting today to consider share buyback.

JSW Steel was marginally lower after it received approval to set up 2,678-acre greenfield-integrated steel plant in Odisha.

Dr Reddy's Laboratories slipped half a percent. The company is recalling over 8,000 bottles of generic drug in the American market due to packaging error.

read more
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 21 minuter sedan
Indian Rupee Rises To 3-day High Against U.S. Dollar

Indian Rupee Rises To 3-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Thursday, as the monetary policy outlook from the Reserve Bank of India (RBI) helped the Indian currency amid rising trade tensions with the United States (US).
RTTNews | 35 minuter sedan
Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 44 minuter sedan
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 2h 12minuter sedan
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 2h 45minuter sedan
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 3h 25minuter sedan