Sensex, Nifty Struggle For Direction In Early Trade

RTTNews | hace 110
Sensex, Nifty Struggle For Direction In Early Trade

(RTTNews) - Indian shares fluctuated on Wednesday as Middle East tensions intensified following significant strikes by Israeli forces against targets inside Lebanon.

The benchmark 30-shae BSE Sensex was up 36 points at 84,950 in early trade while the broader NSE Nifty index was down 3 points at 25,937.

Power Grid Corp gained more than 4 percent after bagging a new project. Mahindra & Mahindra rose about 1 percent on reports it is keen on acquiring a 50 percent stake in Skoda Auto Volkswagen India.

Delta Corp jumped nearly 6 percent as it announced a demerger of its Hospitality and Real Estate businesses into a new entity, Delta Penland Private Limited.

Exxaro Tiles soared 7 percent after BofA acquired 670,000 shares of the company through its European subsidiary.

Among the top losers, Asian Paints, Britannia Industries, LTIMindtree, Tata Motors and Tata Consumer Products were down 1-2 percent.

Ease Trip Planners plunged 7.7 percent after a block deal.

SpiceJet slumped 4.8 percent after resolving a dispute with Engine Lease Finance Corporation (ELFC) through an amicable settlement.

Hinduja Global Solutions dropped 1.1 percent after it was charged with tax evasion amounting to approximately Rs. 2500 crore.

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Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | hace 5h 36min
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | hace 5h 43min
Australian Market Drifts Further Lower In Mid-market

Australian Market Drifts Further Lower In Mid-market

The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | hace 6h 11min
Thai Stock Market Expected To Open In The Red

Thai Stock Market Expected To Open In The Red

The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
RTTNews | hace 6h 52min
Indonesia Bourse May Hand Back Friday's Gains

Indonesia Bourse May Hand Back Friday's Gains

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
RTTNews | hace 7h 22min
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | hace 7h 29min
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews | hace 7h 37min
Lower Open Anticipated For China Stock Market

Lower Open Anticipated For China Stock Market

The China stock market has moved lower in two straight sessions, slumping more than 60 points or 2 percent in that span. The Shanghai Composite Index now sits just beneath the 3,170-point plateau and it's expected to see continued consolidation again on Monday.
RTTNews | hace 7h 52min