Sensex, Nifty End Choppy Session Slightly Lower

RTTNews | Před 150 dny

(RTTNews) - Indian shares fluctuated before finishing modestly lower on Monday as traders locked in some profits in the wake of weak global cues.

Global sentiment was fragile as a stronger-than-expected U.S. jobs report pushed Treasury yields higher and raised doubts about whether the Fed will be able to cut interest rates this year.

Elsewhere, Europe faced political uncertainty after French President Emmanuel Macron called for snap legislative elections later in June.

Macron's decision comes after the European Union elections showed a broader shift towards right-wing and far-right parties.

Market participants also awaited the release of U.S. inflation data as well as a Federal Reserve meeting due this week for direction.

The benchmark S&P BSE Sensex ended the session down 203.28 points, or 0.27 percent, at 76,490.08 while the broader NSE Nifty index closed at 23,259.20, up 30.95 points, or 0.13 percent, from its previous close.

Broader markets outperformed, with the BSE mid-cap and small-cap indexes ending up 0.6 percent and 1 percent, respectively.

Among the prominent losers, Bajaj Finance, LTIMIndTree, Wipro, Infosys and Tech Mahindra fell 2-3 percent in the Nifty pack.

Among the top gainers, UltraTech jumped 3.3 percent on expectations that an expected rationalization in the Goods and Services Tax (GST) rate could be positive for the industry.

Power Grid Corp, Hero MotoCorp, Cipla and Grasim all rose over 2 percent. Zee Entertainment Enterprises, which is under a Futures & Options (F&O) trade ban, surged 4.1 percent.

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RTTNews | Před 6 h 23 min

U.S. Labor Productivity Surges 2.2% In Q3, Slightly Less Than Expected

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U.S. Weekly Jobless Claims Rebound Modestly From Five-Month Low

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RTTNews | Před 6 h 36 min

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The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation but suggested that further easing is set to be gradual as the last week's budget has upward impact on inflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations.

RTTNews | Před 7 h 43 min

U.S. Labor Productivity Surges Slightly Less Than Expected In Q3

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U.S. Weekly Jobless Claims Inch Up To 221,000

A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd.

RTTNews | Před 8 h 5 min

ArcelorMittal Stock Up On Demand Growth View, Despite Weak Q3

ArcelorMittal S.A. Thursday reported sharply lower profit in its third quarter as revenues were hit by weak production, shipments and steel prices. Going ahead, the company projects increased demand in the second half as well as over the medium/long-term. The steel major's shares were gainig around 6 percent on the Amsterdam trading, and around 5 percent in the pre-market activity on the NYSE.

RTTNews | Před 8 h 21 min

Bay Street May Open Higher; Fed Policy Announcement In Focus

Canadian shares may open higher Thursday morning, tracking largely positive European stocks, but weak commodity prices could weigh on energy and materials sectors and limit market's upside. The focus will be on the Federal Reserve's policy announcement later in the day.

RTTNews | Před 8 h 46 min

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