Sensex, Nifty End Lower As Oil Rally Continues Ahead Of OPEC+ Meeting

RTTNews | 571 ngày trước
Sensex, Nifty End Lower As Oil Rally Continues Ahead Of OPEC+ Meeting

(RTTNews) - Indian shares edged lower Monday on inflation concerns after oil prices surged on reports that OPEC+ is considering deeper output cuts at the 26 November meeting in Vienna to shore up prices.

Crude traded higher in European trade on top of a 4 percent gain Friday.

The downside remained capped amid dovish Fed bets and a pledge by Chinese officials to roll out more stimulus measures for the country's beleaguered property sector.

Treasury yields edged lower, and the dollar held below over two-month lows on expectations that the Federal Reserve will refrain from raising interest rates over the next several months before cutting rates in mid-2024.

The benchmark S&P BSE Sensex ended the session down 139.58 points, or 0.21 percent, at 65,655.15 while the broader NSE Nifty index settled 37.80 points, or 0.19 percent, at 19,694.

UltraTech Cement, SBI Life, Mahindra & Mahindra, Bajaj Finance and Adani Enterprises fell 1-3 percent in the Nifty pack, while Coal India, HCL Technologies, Wipro, Bharti Airtel and Divis Laboratories rose 1-2 percent.

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Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | 39 phút trước
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 1h 18phút trước
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | 2h 5phút trước
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 3h 39phút trước