Indian Shares Likely To Open On Weak Note

RTTNews | 1384 days ago
Indian Shares Likely To Open On Weak Note

(RTTNews) - Lower SGX Nifty points to a negative start for Indian shares on Monday. Weakness in Asian markets amid the growing unrest in China over the unprecedented COVID restrictions and the zero-Covid policy is likely to weigh.

In company news, Hero Motocorp has announced that it will increase the prices of its motorcycles and scooters by up by to Rs 1,500 with effect from December 1.

Indian Oil Corporation announced it has raised Rs 2,500 crore by issuing 25,000 non-convertible debentures of Rs 10 lakh each on private placement basis. The company plans to utilise the funds for refinancing existing borrowing or funding capital expenditure.

The Indian market ended flat on Friday after swinging between gains and losses as concerns over record-high domestic daily COVID-19 cases in China offset investor optimism over a less hawkish Fed.

The benchmark S&P BSE Sensex ended the session up 20.96 points, or 0.03 percent, at 62,293.64, closing at a record high for a second straight session. The broader NSE Nifty index settled at a record closing high of 18,512.75, up 28.65 points, or 0.15 percent, from its previous close.

U.S. stocks ended mixed on Friday after a lackluster session. Despite the choppy trading, the Dow ended the session at a new seven-month closing high.

While the Dow climbed 152.97 points or 0.5 percent to 34,347.03, the S&P 500 edged down 1.14 points or less than a tenth of a percent to 4,026.12 and the Nasdaq slid 58.36 points or 0.5 percent to 11,226.36.

European stocks too closed on a mixed note on Friday with investors looking for direction and staying largely cautious.

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 | 8h 51min 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 | 9h 25min 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 | 9h 48min 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 | 13h 9min 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 | 13h 18min 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 | 13h 58min ago