Sensex, Nifty Edge Lower As IT And Metal Stocks Drag

RTTNews | 586 gün önce
Sensex, Nifty Edge Lower As IT And Metal Stocks Drag

(RTTNews) - Indian shares opened lower on Wednesday as Fed rate cut optimism faded and investors looked for cues from this week's Fed minutes and U.S. jobs data.

The benchmark S&P BSE Sensex dropped 300 points, or 0.4 percent, to 71,591 in early trade while the broader NSE Nifty index was down 78 points, or 0.4 percent, at 21,588.

IT and metal stocks traded weak, with HCL Technologies, Tata Steel, Wipro, Hindalco and JSW Steel falling 2-3 percent.

DMart fell 2.3 percent despite reporting a 17 percent rise in Q3 standalone revenue.

Adani Ports jumped 3.3 percent after coming out with its December quarter volume data.

Adani Enterprises surged 5.6 percent, Adani Power climbed 4.7 percent and Adani Green soared 7.3 percent ahead of the Supreme Court verdict in the Adani-Hindenburg case.

Vodafone Idea edged down slightly after denying reports of tie-up with Elon Musk's Starlink.

Glenmark Pharma rose half a percent after launching its anti-diabetic drug, Liraglutide in India under the brand name Lirafit.

read more
Rate Cut Hopes Drag The Dollar Down

Rate Cut Hopes Drag The Dollar Down

The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.
RTTNews | 38 dakika önce
Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Canadian stocks may open with a slightly positive bias on Monday with investors looking ahead to the crucial U.S. inflation data due this week. The focus is also Trump administration's trade negotiations with China, and on the upcoming talks between the U.S. and Russia, aimed at bringing an end to the war in Ukraine.
RTTNews | 2s 51 dakika önce
FTSE 100 Up Marginally As Investors Look For Direction

FTSE 100 Up Marginally As Investors Look For Direction

The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.
RTTNews | 4s 26 dakika önce
CAC 40 Drifts Lower In Lackluster Trade

CAC 40 Drifts Lower In Lackluster Trade

French stocks are down in negative territory on Monday as investors look for direction and make cautious moves while awaiting U.S. - Russia talks set to take place later in the week.
RTTNews | 4s 46 dakika önce
UK Job Placements Decline Sharply On Weaker Confidence & Budget Pressures

UK Job Placements Decline Sharply On Weaker Confidence & Budget Pressures

UK job placements logged a steep decline in July due to weaker confidence around the economic outlook and rising employment costs, monthly data from S&P Global showed Monday. Permanent staff appointments declined sharply in July and temp billings registered its biggest fall in five months, the KPMG/REC Report on Jobs said.
RTTNews | 5s 46 dakika önce