Indian Shares Edge Lower In Early Trade; IT Stocks Rebound After Sell-off

RTTNews | 205 days ago
Indian Shares Edge Lower In Early Trade; IT Stocks Rebound After Sell-off

(RTTNews) - Indian shares were moving lower in early trade on Thursday despite firm cues from global markets.

The benchmark BSE Sensex was down 108 points at 83,626 while the broader NSE Nifty index slipped 23 points to 25,796.

KWIL and Indigo both fell around 2 percent while BEL, Adani Ports and Asian Paints all were down around 1 percent.

BGR Energy Systems tumbled 3.7 percent after it opted for the Rajasthan VAT Amnesty Scheme, 2022, to settle outstanding Value Added Tax (VAT) demands for earlier financial years.

IT stocks rebounded from losses in the previous session, with TCS, Infosys and HCL Technologies rising over 1 percent each.

Cochin Shipyard rose half a percent on securing new shipbuilding orders worth around $360 million (around Rs. 3,267 crore) from France-based CMA CGM Group.

Bharat Forge surged 1.1 percent after it signed a pact with VVDN Technologies to explore a strategic collaboration across key technology-driven sectors.

B. L. Kashyap and Sons soared 4.4 percent on winning an order worth Rs. 300 crore from CRC Green.

read more
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 23h 6min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 23h 40min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 1 day ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 1 day ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 1 day ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 1 day ago