Sensex, Nifty Open Lower; IT And Auto Stocks Drag

RTTNews | 216 ngày trước
Sensex, Nifty Open Lower; IT And Auto Stocks Drag

(RTTNews) - Indian shares were slightly lower on Thursday after U.S. President Donald Trump announced 26 percent reciprocal tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.

Good news is pharma as well as steel, copper, bullion, energy and other certain minerals that aren't available in the U.S., are exempt from the reciprocal tariff for now.

Investors also await cues from an upcoming RBI policy meeting, with speculation rife that the Monetary Policy Committee (MPC) will announce a 25 basis points cut in the policy repo rate during its upcoming April 7-9 meeting.

The benchmark S&P/BSE Sensex was down 330 points, or 0.4 percent, at 76,286, recouping some early losses. The broader NSE Nifty index was down 80 points, or 0.4 percent, at 23,252.

Among the prominent decliners, Tata Motors, HCL Technologies, Tech Mahindra, Infosys and TCS were down 1-3 percent. Among the top gainers, Sun Pharma jumped more than 5 percent while NTPC, Titan Company, Bajaj Finance and Power Grid Corp all rose about 1 percent.

read more
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders from Germany and final purchasing managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Orders are forecast to grow 0.9 percent on a monthly basis in September, a turnaround from the 0.8 percent drop in August.
RTTNews | 1h 26phút trước
China Services Activity Expands On New Business

China Services Activity Expands On New Business

China's service sector continued to grow in October as new business growth accelerated despite a fall in export sales, survey data published by S&P Global showed on Wednesday. The headline RatingDog service Purchasing Managers' Index fell to 52.6 in October from 52.9 in September. Although the growth was the softest in three months, the sector extended the current period of expansion.
RTTNews | 2h 13phút trước
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
RTTNews | 4h 34phút trước
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.
RTTNews | 4h 53phút trước
No Help Yet For Thai Stock Market

No Help Yet For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
RTTNews | 5h 59phút trước
Indonesia Shares Tipped To Open In The Red

Indonesia Shares Tipped To Open In The Red

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
RTTNews | 6h 29phút trước