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

RTTNews | vor 106 Tagen
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.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
RTTNews | vor 15Std 40 Minuten
European Stocks Close Higher

European Stocks Close Higher

Despite lingering uncertainty about U.S. government's trade policy, European stocks closed higher on Friday, with German and French markets gaining for a fourth straight session, and the U.K. moving up for the tenth consecutive session, as investors focused on earnings.
RTTNews | vor 15Std 58 Minuten
U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
RTTNews | vor 18Std 16 Minuten
Russia Holds Key Interest Rate As Expected

Russia Holds Key Interest Rate As Expected

The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
RTTNews | vor 18Std 39 Minuten
UK Retail Sales Rise; Consumer Sentiment Weakens

UK Retail Sales Rise; Consumer Sentiment Weakens

UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
RTTNews | vor 19Std 27 Minuten