Sensex, Nifty Give Up Early Gains In Cautious Trade

RTTNews | 1394 days ago
Sensex, Nifty Give Up Early Gains In Cautious Trade

(RTTNews) - Indian shares were moving in a narrow range on Friday, as hawkish comments from a top U.S. Federal Reserve official and signs of continued labor market tightness led some investors to worry about more aggressive interest rate hikes in the United States.

The benchmark S&P BSE Sensex was down 86 points, or 0.1 percent, at 61,664, giving up early gains. The broader NSE Nifty index was down 30 points, or 0.2 percent, at 18,314.

Vedanta gained 1 percent after announcing it is considering a third interim dividend for FY23.

FSN E-Commerce Ventures jumped 3.4 percent after Canada Pension Plan Investment Board bought over 1.70 crore shares of the company for Rs.299 crore.

PTC India Financial Services soared 5 percent on reporting over five-fold gold in FY22 net profit.

Fortis Healthcare advanced 1.2 percent. Market regulator SEBI has asked Malaysia's IHH Healthcare to proceed with its proposed offer to acquire a 26.1 percent stake in the company after obtaining an order from the Delhi High Court.

Kirloskar Brothers rose nearly 2 percent after it called for an extraordinary general meeting to consider the demand for a forensic audit of the affairs of the company by an external agency.

Equitas Small Finance Bank was little changed as the RBI allowed DSP Investment Managers Private to buy a nearly 10 percent in the company for an undisclosed amount.

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 | 7h 5min 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 | 7h 39min 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 | 8h 1min 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 | 11h 23min 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 | 11h 31min 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 | 12h 11min ago