Sensex, Nifty Open Lower As Yields Jump

RTTNews | 643天前
Sensex, Nifty Open Lower As Yields Jump

(RTTNews) - Indian shares were subdued on Friday as Treasury yields jumped in the wake a weak bond auction and cautious comments on the rate outlook from Fed Chair Jerome Powell.

The benchmark S&P BSE Sensex dropped 190 points, or 0.3 percent, to 64,641 in early trade, while the broader NSE Nifty index was down 50 points, or 0.3 percent, at 19,345.

Hero MotoCorp, Titan Company, Dr Reddy's Laboratories, Asian Paints and Mahindra & Mahindra fell 1-2 percent in the Nifty pack, while ONGC, HDFC Life and Power Grid Corp all rose about 1 percent.

Piramal Enterprises slumped 4.5 percent despite turnaround results for Q2. RVNL tumbled 3 percent on muted Q2 earnings.

Zee Entertainment Enterprises fell 1.7 percent after reporting a 5 percent fall in quarterly profit.

Aditya Birla Fashion and Retail declined 1.3 percent after it reported a consolidated net loss of Rs 200.34 crore for the September quarter of FY24.

Campus Activewear plunged 6 percent to extend losses for a sixth day in a row.

Bajaj Hindusthan Sugar rose nearly 2 percent despite reporting a consolidated net loss of Rs 122.87 crore in the second quarter of this fiscal.

Adani Ports rose 0.6 percent after posting marginal growth in Q2 net profit. Venus Remedies soared more than 8 percent to extend gains for a fifth day.

read more
Swiss Market Ends Modestly Higher After Mild Struggle

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.
RTTNews | 2小时8分钟前
Major European Markets Close On Positive Note

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.
RTTNews | 2小时24分钟前
U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 4小时52分钟前
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews | 5小时24分钟前
UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 6小时5分钟前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews | 6小时36分钟前
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 6小时40分钟前