Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results

RTTNews | 180天前
Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results

(RTTNews) - Indian shares ended slightly lower on Friday to extend their losing streak for a third day running due to concerns over a weakening rupee, rising oil prices and continued FII outflows amidst global uncertainties.

TCS' positive outlook spur buying in IT stocks, helping limit overall losses in the broader market.

The benchmark S&P/BSE Sensex fell 241.30 points, or 0.31 percent, to 77,378.91 as the dollar continued its strength and U.S. bond yields remained elevated ahead of the all-important U.S. jobs report due later in the day.

The broader NSE Nifty index dropped 95 points, or 0.4 percent, to 23,431.50. Among the prominent decliners, BEL, NTPC, Adani Enterprises, IndusInd Bank and Shriram Finance slumped 4-5 percent.

Tata Elxsi plummeted 6.8 percent as Q3 results missed Street estimates.

IREDA declined 5.8 percent despite the company reporting a 26.8 percent year-on-year growth in Q3 net profit.

Adani Wilmar plunged 10 percent on news that its founder will offload a 13.5 percent stake in the company through an Offer for sale.

Tata Consultancy Services soared 5.6 percent after the management guided for stronger growth in CY24 and FY26. Peers Wipro, Infosys, HCL Technologies and Tech Mahindra surged 3-4 percent.

JSW Steel rose about 1 percent after reporting a marginal rise in Q3 production.

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Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
RTTNews | 27分钟前
Indonesia Stock Market May Extend Winning Streak

Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
RTTNews | 1小时27分钟前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with weakness in exporter stocks and a mixed performance in most other sectors.
RTTNews | 1小时35分钟前
Renewed Support Called For Hong Kong Shares

Renewed Support Called For Hong Kong Shares

The Hong Kong stock market headed south again on Wednesday, one day after ending the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just above the 23,890-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 1小时42分钟前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 1小时56分钟前
Higher Open Seen For China Stock Market

Higher Open Seen For China Stock Market

The China stock market on Wednesday ended the four-day winning streak in which it had risen almost 45 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,500-point plateau although it's expected to move back to the upside again on Thursday.
RTTNews | 1小时57分钟前
Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market on Wednesday wrote a finish to the three-day losing streak in which it had stumbled almost 370 points or 1.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,530-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | 2小时27分钟前