Sensex, Nifty End Marginally Lower After Thursday's Strong Rally

RTTNews | 127 dias atrás
Sensex, Nifty End Marginally Lower After Thursday's Strong Rally

(RTTNews) - Indian shares ended little changed on Friday after posting strong gains the previous day on news of RBI's Rs 2.1 lakh crore bonanza to the government.

Weak global cues kept investors on the sidelines today as robust U.S. economic data and hawkish comments from another Federal Reserve official stoked concerns about sticky inflation and the Federal Reserve's rate path.

After the release of strong U.S. business activity and jobless claims readings, traders pushed back the timing for the first full quarter-point Federal Reserve interest-rate cut to December from November earlier.

The benchmark S&P BSE Sensex fluctuated before ending down 7.65 points at 75,410.39. The broader NSE Nifty index dipped 10.55 points to close at 22,957.10.

The downside remained capped as oil prices continued to fall and remained on track for a steep weekly loss on demand concerns.

Titan Company, JSW Steel, Mahindra & Mahindra, Tech Mahindra and Adani Ports fell 1-2 percent in the Nifty pack while Larsen & Toubro, BPCL, Bharti Airtel and HDFC Bank rose 1-2 percent.

read more
Swiss Market Ends Slightly Higher

Swiss Market Ends Slightly Higher

The Switzerland market shrugged off early weakness and moved modestly higher on Friday, tracking positive global cues. Investors continued to cheer Swiss National Bank's interest rate move, in addition to digesting U.S. personal consumption expenditure data.
RTTNews | 20h 42min atrás
European Stocks Close Week On A Firm Note

European Stocks Close Week On A Firm Note

European stocks closed higher on Friday, with several major markets hitting record highs, as investors continued to cheer China's stimulus announcements, and bet on hopes of more interest-rate cuts by central banks.
RTTNews | 21h 27min atrás
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

The Canadian market is up marginally on Friday with stocks turning in a mixed performance in cautious trade. Investors are digesting the latest batch of Canadian economic data, and reports on U.S. consumption expenditure, personal income & spending.
RTTNews | 23h 35min atrás
Intel Reportedly Rejects Arm's Bid For Product Division

Intel Reportedly Rejects Arm's Bid For Product Division

Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel shares were gaining around 1.5 percent...
RTTNews | 1 dia atrás
U.S. Consumer Sentiment Improves More Than Previously Estimated In September

U.S. Consumer Sentiment Improves More Than Previously Estimated In September

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 70.1 from a preliminary reading of 69.0. Economists had expected a more modest upward revision to 69.3.
RTTNews | 1 dia atrás
U.S. Consumer Prices Edge Higher In August, Annual Growth Slows More Than Expected

U.S. Consumer Prices Edge Higher In August, Annual Growth Slows More Than Expected

Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July.
RTTNews | 1 dia atrás