Sensex, Nifty Little Changed After Recent Gains

RTTNews | 373 days ago
Sensex, Nifty Little Changed After Recent Gains

(RTTNews) - Indian shares were little changed on Thursday after recent gains on optimism over GST reforms, hopes of Federal Reserve interest-rate cuts and comments from U.S. President Donald Trump suggesting that his administration is continuing negotiations to address trade barriers with India.

The benchmark BSE Sensex was up 34 points at 81,458 in early trade, while the broader Nifty index was little changed at 24,975 after six consecutive sessions of gains.

Reliance Industries edged up slightly after incorporating a wholly owned subsidiary named Reliance Intelligence.

Rail Vikas Nigam rose about 1 percent after it emerged as the lowest bidder for a Rs. 169.49 crore project from West Central Railway.

Keystone Realtors gained 1 percent on fund raising reports.

Dr Reddy's Laboratories declined 1.2 percent as it announced $50.5 million acquisition of the Stugeron brand from Janssen Pharmaceutica.

Infosys fell 1.3 percent ahead of a board meeting to approve a share buyback proposal.

Tega Industries dropped 1 percent after it agreed to acquire global mining consumables leader Molycop in an all-cash transaction valued at around $1.5 billion.

read more
U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

The U.S. Dollar value ticked lower on Friday after U.S. President Donald Trump hinted at returning to a possible military confrontation with Iran. Trump is planning to take a call after his upcoming meeting with the leaders of the Gulf Cooperation Council on Tuesday in New York.
RTTNews | 9h 26min ago
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland stock market closed notably lower on Friday, in line with markets across Europe as worries about inflation and uncertainty about central banks' monetary policy moves rendered the mood cautious.
RTTNews | 12h 6min ago
European Stocks Fall As Central Bank Signals Weigh On Sentiment

European Stocks Fall As Central Bank Signals Weigh On Sentiment

European stocks declined Friday amid caution over monetary policy and inflation outlooks from major central banks. The ECB survey showed Euro Zone inflation expectations rose to 3% from 2.9%, while the Bank of Japan raised rates by 25 basis points.
RTTNews | 12h 38min ago
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 | 16h 13min 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 | 16h 21min 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 | 17h 4min 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 | 17h 39min ago