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Sensex, Nifty Slip Into Red After Wednesday's Rally
(RTTNews) - Indian shares opened were slightly lower in early trade on Thursday, after having risen sharply the previous day to break a prolonged losing streak.
The benchmark 30-share BSE Sensex was down 74 points, or 0.1 percent, at 73,656 after rallying more than 1 percent in the previous session.
The broader NSE Nifty index slid 27 points, or 0.1 percent, at 22,310, with UltraTech Cement, SBI Life, HDFC Life, Bharti Airtel and Tent all falling around 1 percent.
Global cues remain positive as oil prices fell sharply on demand concerns and the Trump administration granted one-month tariff exemption for U.S. automakers from Mexico and Canada amid trade war fears.
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U.S. Labor Productivity Jumps More Than Previously Estimated In Q4
Labor productivity in the U.S. grew by more than previously estimated in the fourth quarter of 2024, according to a report released by the Labor Department on Thursday. The report said labor productivity shot up by 1.5 percent in the fourth quarter compared to the previously reported 1.2 percent jump. Economists had expected the increase in labor productivity to be unrevised.
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5h 5phút trước
U.S. Jobless Claims Dip More Than Expected To 221,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st. The report said initial jobless claims dipped to 221,000, a decrease of 21,000 from the previous week's unrevised level of 242,000
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5h 9phút trước
U.S. Trade Deficit Soars To Record High In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January. The Commerce Department said the trade deficit surged to a record high of $131.4 billion in January from a revised $98.1 billion in December.
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5h 19phút trước
Bay Street Likely To Open Lower
Lower Canadian and U.S. futures and weak metal prices point to a negative start on Bay Street Thursday morning.
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6h 37phút trước
U.S. Trade Deficit Widens More Than Expected In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January.
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6h 43phút trước
U.S. Weekly Jobless Claims Dip More Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 3rd.
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6h 47phút trước
Eurozone Retail Sales Fall Unexpectedly
Eurozone retail sales declined unexpectedly in January on non-food and auto fuel sales, official data showed on Thursday. Retail sales registered a monthly drop of 0.3 percent, confounding expectations for an increase of 0.1 percent. The statistical office revised up retail sales for December to nil growth from the initial estimate of 0.2 percent fall.
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7h 14phút trước
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
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7h 54phút trước
