Sensex, Nifty End Marginally Lower On Earnings Disappointment

RTTNews | 33 dias atrás
Sensex, Nifty End Marginally Lower On Earnings Disappointment

(RTTNews) - Indian shares fluctuated in a narrow range on Thursday before finishing marginally lower for the day, following disappointing earnings from the likes of Hindustan Unilever and SBI Life Insurance.

Also, a cautious undertone prevailed due to investor anxiety over the impending U.S. election and heightened tensions in the Middle East.

A new national poll has indicated that former President Donald Trump was gaining an edge over Vice President Kamala Harris in the race to succeed President Biden in the White House. However, markets still expect a hotly contested race.

Oil prices were up nearly 2 percent in European trade after Israel reportedly launched strikes on the Syrian capital Damascus and a military site near the western city of Homs early Thursday, causing casualties.

Elsewhere, North Korea has allegedly sent troops to support Russia's war on Ukraine, marking a significant escalation in Russia's war against its neighbor.

The benchmark S&P/BSE Sensex ended the session down 16.82 points, or 0.02 percent, at 80,065.16 while the broader NSE Nifty index closed at 24,399.40, down 36.10 points, or 0.15 percent, from its previous close.

Bajaj Auto, Nestle India, Hindalco, SBI Life and Hindustan Unilever plunged 3-6 percent in the Nifty pack while UltraTech Cement rallied 2.7 percent on strong outlook.

Grasim, Titan Company, Mahindra & Mahindra and Shriram Finance rose 1-2 percent.

read more
Fed Officials Favor Gradual Interest Rate Cuts, Minutes Show

Fed Officials Favor Gradual Interest Rate Cuts, Minutes Show

Federal Reserve officials believe it will be appropriate to "gradually" lower interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes said officials feel a gradual approach to lowering rates to a more neutral stance will be appropriate if economic data come in "about as expected."
RTTNews | 5h 15min atrás
Japanese Yen Advances Amid Concerns About Trump's Tariff Threats

Japanese Yen Advances Amid Concerns About Trump's Tariff Threats

The Japanese yen strengthened against other major currencies in the New York session on Tuesday, as U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war.
RTTNews | 5h 42min atrás
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

After early weakness, the Switzerland market briefly moved above the flat line around mid afternoon on Tuesday, but retreated soon and finally ended the day's session with a moderate loss. The mood was a bit bearish after U.S. President-elect Donald Trump stated on social media that he would impose tariffs on all imports from Mexico, Canada and Chin
RTTNews | 6h 20min atrás
European Stocks Close Lower As Trade War Fears Resurface

European Stocks Close Lower As Trade War Fears Resurface

European stocks closed weak on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China immediately after taking office in January 2025.
RTTNews | 6h 44min atrás
U.S. Consumer Confidence Continues To Improve In November

U.S. Consumer Confidence Continues To Improve In November

After reporting a significant rebound by U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence continued to improve in November. The Conference Board said its consumer confidence index rose to 111.7 in November after surging to an upwardly revised 109.6 in October.
RTTNews | 9h 10min atrás
U.S. New Home Sales Pull Back Much More Than Expected In October

U.S. New Home Sales Pull Back Much More Than Expected In October

A report released by the Commerce Department on Tuesday showed a substantial pullback by new home sales in the U.S. in the month of October. The Commerce Department said new home sales saw a 17.3 percent nosedive to an annual rate of 610,000 in October after spiking by 7.0 percent to a rate of 738,000 in September. Economists had expected new home sales to decrease to a rate of 730,000.
RTTNews | 9h 14min atrás
Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip maker's plans to invest more than $100 billion in the U.S.
RTTNews | 10h 23min atrás
Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh

Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh

It's likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may hurt sentiment and limit market's upside.
RTTNews | 11h 56min atrás