Sensex, Nifty Extend Losses For Sixth Day

RTTNews | 1142天前
Sensex, Nifty Extend Losses For Sixth Day

(RTTNews) - Indian shares fell for a sixth straight session on Friday as concerns persisted about global monetary tightening and its impact on capital flows.

The benchmark S&P BSE Sensex ended a choppy session down 135.37 points, or 0.26 percent, at 51,360.42, extending losses for a sixth straight session and marking the worst week in over two years.

The broader NSE Nifty index dipped 67.10 points, or 0.44 percent, to settle at 15,293.50.

Titan Company shares slumped 6.1 percent to extend losses from the previous session while BPCL, HDFC Life, Shree Cement and Wipro lost 3-4 percent.

On the positive side, Reliance Industries, JSW Steel, Coal India, Bajaj Finance and Bajaj FinServ climbed 2-3 percent.

Oil prices rose on signs of tight supply, while the rupee was flat in the afternoon after coming off its record lows.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 1天前
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 1天前
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 1天前
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 1天前