Sensex, Nifty Extend Losses In Cautious Trade

RTTNews | 360 days ago
Sensex, Nifty Extend Losses In Cautious Trade

(RTTNews) - Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.

The benchmark BSE Sensex was down 197 points, or 0.2 percent, at 81,962 in early trade while the broader NSE Nifty index dipped by 61 points, or 0.2 percent, to 25,141.

IT stocks extended losses from the previous session, with Tech Mahindra, TCS and HCL Technologies falling around 1 percent.

Vedanta dropped 1 percent as the government denied extending its contract for a crucial oil and gas block in the Cambay basin.

KEC International soared 7 percent on securing new transmission and distribution (T&D) contracts worth Rs. 3,243 crore.

Hyundai Motor India rallied 2 percent after reports of a good start to the festive season, supported by GST rate cuts.

Brigade Enterprises rose half a percent after it entered into a joint development deal for a Rs. 1,200 crore residential project in Banashankari, South Bengaluru, covering 7.5 acres.

read more
U.S. Leading Economic Index Unexpectedly Edges Lower In August

U.S. Leading Economic Index Unexpectedly Edges Lower In August

A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
RTTNews | 1h 45min ago
U.S. Industrial Production Unexpectedly Flat In August

U.S. Industrial Production Unexpectedly Flat In August

With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
RTTNews | 1h 53min ago
UK Retail Sales Recover Unexpectedly

UK Retail Sales Recover Unexpectedly

UK retail sales rebounded unexpectedly in August underpinned by online shopping and warm weather boosted sales of seasonal items, data from the Office for National Statistics revealed Friday. Retail sales grew 0.5 percent on a monthly basis, offsetting July's 0.5 percent fall. Sales were expected to drop 0.2 percent.
RTTNews | 2h 36min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian stocks are likely to open on mixed note on Friday, with investors tracking commodity prices and assessing recent monetary policy moves and weighing inflation outlook. Activity for most part of the session could be a bit lackluster amid a lack of fresh data or corporate news.
RTTNews | 3h 11min ago
French Stocks Shed Ground On Inflation Concerns

French Stocks Shed Ground On Inflation Concerns

French stocks shed ground on Friday, retreating after two successive days of gains, as concerns about inflation and fears of policy tightening by some major central banks rendered the mood cautious. A survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
RTTNews | 5h 18min ago
DAX Notably Lower As Inflation Concerns Weigh

DAX Notably Lower As Inflation Concerns Weigh

German stocks drifted lower on Friday amid concerns about inflation after a survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
RTTNews | 5h 37min ago