Sensex, Nifty Drift Lower As IT Stocks Drag

RTTNews | 1034 ngày trước
Sensex, Nifty Drift Lower As IT Stocks Drag

(RTTNews) - Indian shares were moving lower on Friday despite data showing a slowdown in U.S. inflation and encouraging macroeconomic data on the domestic front.

Oil pushed higher for a sixth straight session Thursday and headed for a solid weekly gain, keeping investors nervous. A mixed set of earnings from IT companies also dented sentiment.

The benchmark S&P BSE Sensex dropped 130 points, or 0.2 percent, 50 59,828 in early trade, while the broader NSE Nifty index was down 34 points, or 0.2 percent, at 17,824.

Infosys slipped half a percent despite raising its revenue growth guidance in constant currency terms.

HCL Technologies fell 2 percent after trimming its FY23 revenue guidance.

Wipro and Tech Mahindra both fell over 1 percent.

Cyient jumped 3 percent on reporting a 37 percent rise in quarterly revenue.

L&T Technology Services slumped 5 percent after it inked an agreement with parent Larsen & Toubro to buy its Smart World & Communication business for Rs 800 crore.

Vishnu Chemicals dropped 1 percent on stock split news.

Heritage Foods advanced 1.5 percent on fund raising reports.

Allcargo Logistics rose half a percent after it picked up a 75 percent stake in European rival Fair Trade for 12 million euros.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews | 1h 47phút trước
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Wednesday, following the mixed cues from Wall Street overnight, amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. Traders largely shrugged off worries about the economic impact of the shutdown. Asian markets closed mixed on Tuesday.
RTTNews | 1h 54phút trước
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Wednesday, tracking mostly positive cues from global markets.
RTTNews | 2h 26phút trước
Mild Rebound Anticipated For Thai Stock Market

Mild Rebound Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it's expected to move back to the upside again on Wednesday.
RTTNews | 3h 1phút trước
Indonesia Shares Poised To End Losing Streak

Indonesia Shares Poised To End Losing Streak

The Indonesia stock market has moved lower in back-to-back sessions, slumping almost 30 points or 0.4 percent along the way. The Jakarta Composite Index now sits just above the 8,360-point plateau although it's expected to find traction on Wednesday.
RTTNews | 3h 31phút trước
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 50,900 level, with gains in automakers and financial stocks partially offset by weakness in technology stocks.
RTTNews | 3h 32phút trước
Higher Open Anticipated For Hong Kong Shares

Higher Open Anticipated For Hong Kong Shares

The Hong Kong stock market has moved higher in two straight sessions, advancing almost 450 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 26,700-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 3h 46phút trước
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews | 3h 53phút trước