Sensex, Nifty End Modestly Lower As RBI Cuts Repo Rate

RTTNews | 256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
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
RTTNews | 37分钟前
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finances data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
RTTNews | 50分钟前
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 trading on Tuesday, also adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
RTTNews | 2小时49分钟前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on widespread expectations of further interest rate cuts by the US Fed amid recent signs of sluggishness in the labor market despite the ongoing shutdown leading to the indefinite delay of the release of key economic data. Asian markets closed mostly higher on Monday.
RTTNews | 3小时11分钟前
Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian stock markets remain closed today for Diwali but there will be a special trading session from 1:45 p.m. to 2:45 p.m. IST to mark the festival. Generally, the Muhurat trading session is held in the evening every year.
RTTNews | 3小时46分钟前
Thai Shares Tipped To Open To The Upside

Thai Shares Tipped To Open To The Upside

The Thai stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,285-point plateau and it's expected to open higher again on Tuesday.
RTTNews | 4小时17分钟前
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market bounced higher again on Monday, one session after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just beneath the 8,090-point plateau and it's got a solid lead again for Tuesday's trade.
RTTNews | 4小时47分钟前
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,700 level to all-time highs, with gains in index heavyweights, exporters and financial stocks.
RTTNews | 4小时53分钟前