Sensex, Nifty Finish Marginally Higher After Three Days Of Losses

RTTNews | 1245 days ago
Sensex, Nifty Finish Marginally Higher After Three Days Of Losses

(RTTNews) - Indian shares ended a choppy session slightly higher on Thursday, snapping a three-session losing streak.

While gains in rupee and falling oil prices offered some support, mixed corporate earnings from top U.S. companies and uncertainty over the path of U.S. monetary policy served to keep underlying sentiment somewhat cautious.

The benchmark S&P/BSE Sensex settled 64.55 points, or 0.11 percent, higher at 59,632.35 while the broader NSE Nifty index inched up 5.70 points, or 0.03 percent, to close at 17,624.45.

Bajaj Auto, Asian Paints, Adani Ports and NTPC all ended up over 1 percent.

Tata Motors rose 1.3 percent after its British unit Jaguar Land Rover unveiled plans to invest 15 billion pounds ($18.65 billion) over the next five years to expand its electric-vehicle offerings.

Divis Laboratories slumped 4 percent to lead losses in the Nifty pack, while Hindalco, Eicher Motors, Dr Reddy's Laboratories and Hindustan Unilever all fell over 1 percent.

HCL Technologies finished marginally lower ahead of its earnings release later in the day.

The rupee traded up to halt a three-day losing run, while oil prices were down about 2 percent in European trade, extending losses from the previous session on fears that more U.S. interest-rate hikes could curb energy demand in the world's top consumer.

read more
Fed Raises Interest Rates For First Time Since July 2023

Fed Raises Interest Rates For First Time Since July 2023

For the first time since July of 2023, the Federal Reserve announced on Wednesday that it has decided to raise interest rates. The Fed said it decided to raise the target range for the federal funds rate by 25 basis points to 3.75 to 4 percent in support of its dual mandate.
RTTNews | 2h 52min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a flat start, Swiss stocks edged higher and stayed positive right through the trading session to settle on a firm note on Wednesday. A sharp drop in oil prices and lower bond yields helped lift sentiment. Investors awaited the Federal Reserve's monetary policy announcement.
RTTNews | 3h 14min ago
European Stocks Close Broadly Higher As Oil Prices Drop

European Stocks Close Broadly Higher As Oil Prices Drop

European stocks closed broadly higher on Wednesday as weak oil prices and lower bond yields helped lift sentiment. Investors digested the latest batch of regional economic data and looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.
RTTNews | 3h 30min ago
U.S. Business Inventories Climb Much More Than Expected In July

U.S. Business Inventories Climb Much More Than Expected In July

A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased by much more than expected in the month of July. The Commerce Department said business inventories climbed by 0.8 percent in July following a revised 0.1 percent uptick in June. Economists had expected business inventories to rise by 0.3 percent.
RTTNews | 6h 30min ago
U.S. Housing Market Index Pulls Back To One-Year Low In September

U.S. Housing Market Index Pulls Back To One-Year Low In September

Homebuilder sentiment in the U.S. has deteriorated by much more than anticipated in the month of September, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo housing market index fell to 32 in September after inching up to 35 in August. Economists had expected the index to edge down to 34.
RTTNews | 6h 39min ago
U.S. Import Prices Rebound More Than Expected In August

U.S. Import Prices Rebound More Than Expected In August

A report released by the Labor Department on Wednesday showed import prices in the U.S. increased by much more than expected in the month of August. The Labor Department said import prices climbed by 0.7 percent in August after falling by a revised 0.3 percent in July.
RTTNews | 6h 53min ago