Sensex, Nifty Little Changed As IT Stocks Drag

RTTNews | 891天前
Sensex, Nifty Little Changed As IT Stocks Drag

(RTTNews) - Indian shares were little changed in early trade on Friday, as investors awaited the outcome of a slew of central bank meetings next week for additional clues on the pace of rate hikes.

The benchmark S&P BSE Sensex was up 8 points at 62,580 while the broader NSE Nifty index was up 15 points at 18,625.

IT stocks traded weak, with HCL Technologies plunging more than 5 percent after the company said it expects the revenue growth guidance for financial year 2023 to come at the lower end of its guidance.

Infosys and Tech Mahindra both fell around 1 percent.

Paytm surged 4.4 percent on share buyback news.

Sun Pharma gained 1 percent after falling more than 3 percent in the previous session.

The drug major clarified that it is not revising the revenue guidance for current financial year and also there will be no impact on specialty revenues following an import alert for its Halol facility.

Hindustan Unilever rose about 1 percent after it inked an agreement to buy 19.8 percent shareholding of Nutritionalab for Rs 70 crore.

Lupin edged up slightly after appointing Spiro Gavaris as President of its U.S. generics business.

Jyoti soared 10 percent on winning an order worth Rs. 21.25 crore Navayuga Engineering Company.

Ahluwalia Contracts advanced 1.3 percent on securing a construction order worth Rs 55.39 crore.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 1天前
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | 1天前
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | 1天前
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | 1天前
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | 1天前
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | 1天前
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | 2天前