Sensex, Nifty Tumble On Interest Rate Worries

RTTNews | 590天前
Sensex, Nifty Tumble On Interest Rate Worries

(RTTNews) - Indian shares were deep in the red on Wednesday amid signs that the U.S. Federal Reserve will not rush to lower interest rates.

The benchmark S&P BSE Sensex tumbled 712 points, or 1 percent, to 72,416 in early trade, while the broader NSE Nifty index was down 203 points, or 0.9 percent, at 21,829.

HDFC Bank slumped 5.6 percent after its U.S.-listed shares fell 7 percent, the most since April 2022 post Q3 results.

Tata Steel, Bajaj Auto, Axis Bank and Hindalco all fell around 2 percent.

L&T Technology Services jumped nearly 3 percent on positing 13 percent growth in quarterly net profit.

TCS and HCL Technologies were up around 1 percent each.

State-run oil marketing companies such as BPCL, HPCL and IOC were seeing marginal gains after reports that they may cut petrol and diesel prices by Rs. 5-10 per liter next month.

Bank of Maharashtra rallied 2.4 percent on reporting a 34 percent rise in Q3 profit. Maruti Suzuki India fell over 1 percent on price hike buzz.

Federal Bank shed 0.6 percent after reporting mixed earnings for the December quarter.

Asian Paints dropped half a percent ahead of its earnings release.

Rail Vikas Nigam soared 4.4 percent after if formed a joint venture for green energy projects.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1小时28分钟前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 4小时18分钟前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 4小时47分钟前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 7小时50分钟前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 8小时34分钟前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 9小时3分钟前