Sensex, Nifty End Marginally Lower After Thursday's Strong Rally

RTTNews | 456 gün önce
Sensex, Nifty End Marginally Lower After Thursday's Strong Rally

(RTTNews) - Indian shares ended little changed on Friday after posting strong gains the previous day on news of RBI's Rs 2.1 lakh crore bonanza to the government.

Weak global cues kept investors on the sidelines today as robust U.S. economic data and hawkish comments from another Federal Reserve official stoked concerns about sticky inflation and the Federal Reserve's rate path.

After the release of strong U.S. business activity and jobless claims readings, traders pushed back the timing for the first full quarter-point Federal Reserve interest-rate cut to December from November earlier.

The benchmark S&P BSE Sensex fluctuated before ending down 7.65 points at 75,410.39. The broader NSE Nifty index dipped 10.55 points to close at 22,957.10.

The downside remained capped as oil prices continued to fall and remained on track for a steep weekly loss on demand concerns.

Titan Company, JSW Steel, Mahindra & Mahindra, Tech Mahindra and Adani Ports fell 1-2 percent in the Nifty pack while Larsen & Toubro, BPCL, Bharti Airtel and HDFC Bank rose 1-2 percent.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | 13s 31 dakika önce
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 19s 1 dakika önce
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 21s 10 dakika önce
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews | 23s 40 dakika önce
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 1 gün önce
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | 1 gün önce
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | 1 gün önce