Indian Shares End Slightly Lower Amid Weak Global Cues
(RTTNews) - Indian shares ended a tad lower on Wednesday, mirroring weak global cues as solid U.S. services data released overnight reinforced investor expectations for a more aggressive pace of FOMC rate hikes.
Also, Chinese trade data missed expectations, adding to headwinds for the world's second-largest economy.
The benchmark S&P/BSE Sensex ended the session down 168.08 points, or 0.28 percent, at 59,028.91, after having hit a low of 58,722.89 earlier in the day.
The broader NSE Nifty index also recouped some of its losses to settle down 31.20 points, or 0.18 percent, at 17,624.40 - extending losses for a second consecutive session.
Automakers and private banks succumbed to selling pressure, with Maruti Suzuki, Mahindra & Mahindra, IndusInd Bank, Bajaj Auto and Tata Motors losing 1-3 percent.
Cement stocks rose broadly, with Shree Cement climbing 8.4 percent and UltraTech rallying 4.5 percent despite reports of cement prices declining in most markets due to monsoon.
Adani Ports jumped 3 percent after the Adani Group rebutted a report that had termed it overleveraged.
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
U.S. Consumer Prices Increase In Line With Estimates In July
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
