Sensex, Nifty Modestly Higher In Early Trade

RTTNews | 574 gün önce
Sensex, Nifty Modestly Higher In Early Trade

(RTTNews) - Indian shares were seeing modest gains on Wednesday after falling heavily in the previous session amid heightened geopolitical tensions, uncertainty over when the Fed will cut rates and concerns over HDFC Bank's profitability.

The benchmark S&P BSE Sensex rose 199 points, or 0.3 percent, to 70,569 in early trade, while the broader NSE Nifty index was up 64 points, or 0.3 percent, at 21,303.

Zee Entertainment Enterprises soared 5 percent. A SEBI probe has reportedly revealed that Rs. 1000 crore have been siphoned from the merger deal between ZEE and Sony Entertainment.

REC climbed 6 percent after reporting higher Q3 net interest income and improved asset quality.

Pidilite Industries advanced 3 percent after quarterly profit jumped 66 percent year-on-year.

Tata Steel rallied 1.5 percent, Bajaj Auto was little changed, and Tech Mahindra rose about half a percent ahead of their earnings results.

Axis Bank slumped 4.2 percent after reporting a marginal rise in Q3 net profit.

Hero MotoCorp fell 2.6 percent on news that it plans to launch three electric scooters in 2024.

read more
New Zealand Trade Data On Tap For Thursday

New Zealand Trade Data On Tap For Thursday

New Zealand will on Thursday release July numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In June, imports were worth NZ$6.49 billion and exports were at NZ$6.63 billion for a trade surplus of NZ$142 million.
RTTNews | 1s 2 dakika önce
Fed Minutes Reveal Details Behind Split Interest Rate Decision

Fed Minutes Reveal Details Behind Split Interest Rate Decision

The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.
RTTNews | 4s 42 dakika önce
TSX Modestly Higher As Materials, Energy Stocks Gain

TSX Modestly Higher As Materials, Energy Stocks Gain

The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors. The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
RTTNews | 4s 57 dakika önce
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note. Optimism about a potential peace deal between Russia and Ukraine supported the market.
RTTNews | 5s 24 dakika önce
European Stocks Closed On Mixed Note

European Stocks Closed On Mixed Note

European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
RTTNews | 5s 39 dakika önce
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
RTTNews | 10s 10 dakika önce