Sensex, Nifty End Modestly Lower As RBI Cuts Repo Rate

RTTNews | 255天前
Sensex, Nifty End Modestly Lower As RBI Cuts Repo Rate

(RTTNews) - Indian shares ended slightly lower on Friday as the Reserve Bank of India (RBI) reduced its key interest rates for the first time in nearly five years with an aim to support the slowing economy, which is projected to grow at its weakest pace in four years.

Under the leadership of newly appointed Governor Sanjay Malhotra, the Monetary Policy Committee has reduced the policy repo rate by 25 basis points to 6.25 percent from 6.50 percent, as widely expected. This was the first reduction since May 2020.

The benchmark 30-share BSE Sensex dropped 197.97 points, or 0.25 percent, to 77,860.19 while the broader NSE Nifty index fell 43.40 points, or 0.18 percent, to 23,559.95.

The BSE mid-cap index edged up by 0.1 percent while the small-cap index shed 0.7 percent.

The market breadth was negative, with 2,397 shares declining while 1,524 shares advanced and 143 shares closed unchanged.

TCS, Adani Ports, Britannia Industries, SBI and ITC dipped 1-2 percent while Trent, JSW Steel, Bharti Airtel, ITC Hotels and Tata Steel surged 3-4 percent.

Ola Electric fell 2.4 percent as Q3 loss widened year-on-year.

Aadhar Housing Finance added 1.8 percent on posting healthy Q3 results.

Hyundai Motor India shares rallied 3.6 percent on heavy volumes.

read more
AWS Recovering After Major Outage Hits Companies, Services Worldwide

AWS Recovering After Major Outage Hits Companies, Services Worldwide

Amazon Web Services, following a major outage in its cloud computing service across the world, especiallly the United States, started recovering early Monday. AWS, tech major Amazon's cloud hosting provider, had went offline due to a problem with one of its core database products, affecting millions as it hit the websites and apps of major companies and critical services...
RTTNews | 24分钟前
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Higher U.S. and Canadian futures and rising metal prices point to a positive start on Bay Street Monday morning. The focus will also be on Canadian economic and earnings data.
RTTNews | 1小时30分钟前
European Stocks Broadly Higher; Defense Stocks Move Up

European Stocks Broadly Higher; Defense Stocks Move Up

European stocks are broadly higher on Monday, led by gains in the defense sector, amid geopolitical tensions. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the markets.
RTTNews | 1小时48分钟前
FTSE 100 Modestly Higher; Defence Stocks Shine

FTSE 100 Modestly Higher; Defence Stocks Shine

The UK stock market is modestly higher on Monday, supported by gains in shares of defence and financial companies. In addition to tracking the developments on the geopolitical and trade front, investors are also reacting to some corporate news.
RTTNews | 2小时34分钟前
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

Indian shares closed higher for a fourth straight session on Monday, as encouraging results from Reliance Industries and several banks helped lift sentiment. Easing concerns about U.S.-China trade tensions contributed as well to the positive show by the market.
RTTNews | 2小时50分钟前
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 3小时22分钟前
CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

French stocks are turning in a mixed performance on Monday with investors tracking corporate news, and digesting S&P Global Ratings' downgrade of France amid fiscal risk and uncertainty surrounding government's finances.
RTTNews | 3小时47分钟前
DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

German stocks are gaining some notable ground in positive territory on Monday, recovering well from previous session's sharp decline. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the market.
RTTNews | 4小时15分钟前