Sensex, Nifty Open Lower In Cautious Trade; Metal And IT Stocks Buck Trend

RTTNews | 938 gün önce

(RTTNews) - Indian shares were a tad lower in early trade on Wednesday, as the World Bank slashed its global growth forecasts and investors awaited U.S. inflation data due on Thursday for clues to the economic and rate outlook.

The benchmark S&P BSE Sensex slipped 37 points to 60,078 while the broader NSE Nifty index was down 17 points at 17,897.

Bharti Airtel slumped 3.5 percent to extend losses from the previous session while Divis Laboratories, Eicher Motors, Apollo Hospitals Enterprise and Cipla dropped 1-2 percent.

On the positive side, Tech Mahindra, JSW Steel, HCL Technologies and Hindalco climbed 1-2 percent.

Tata Motors gained 1 percent after completing the acquisition of Ford India's manufacturing plant at Sanand.

Adani Wilmar rallied 2.6 percent after reporting strong volume growth and market share gains across product categories in the December quarter.

Bharat Dynamics and Astra Microwave Products both rose over 2 percent as the defense acquisition council approved acceptance of necessity for three capital acquisition proposals worth Rs 4,276 crore.

TCS rose half a percent after falling sharply in the previous session on disappointing earnings.

Adani Ports and Special Economic Zone edged up slightly. A consortium led by the company has completed the acquisition of Haifa Port Company (HFC) from the Israeli government.

Sigachi Industries tumbled 3.5 percent on fund raising reports.

Bank of Baroda was up slightly after hiking its lending rates.

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.

RTTNews | 2s 6 dakika önce

European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes

European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.

RTTNews | 2s 36 dakika önce

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.

RTTNews | 3s 26 dakika önce

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

RTTNews | 5s 58 dakika önce

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.

RTTNews | 7s 26 dakika önce

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | 7s 36 dakika önce

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

RTTNews | 8s 9 dakika önce

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

RTTNews | 8s 26 dakika önce

EURUSD	1.16581	GBPUSD	1.33591	AUDUSD	0.65046
USDJPY	147.167	USDCAD	1.37388	USDCHF	0.8064

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Sensex, Nifty Open Lower In Cautious Trade; Metal And IT Stocks Buck Trend