Sensex Down 260 Points In Early Trade; Nifty Nears 15,700

RTTNews | 875 days ago
Stocktwits
Sensex Down 260 Points In Early Trade; Nifty Nears 15,700

(RTTNews) - Indian shares opened lower on Tuesday to extend losses from the previous session as market participants braced for tougher forward guidance from the Federal Reserve at Wednesday's meeting.

Goldman Sachs has forecast a 75-basis point interest rate hike at this week's meeting.

The benchmark S&P BSE Sensex dropped 260 points, or half a percent, to 52,588 in early trade, dragged down by financials and IT stocks. The broader NSE Nifty index was down 70 points, or 0.4 percent, at 15,704.

HDFC Bank, Tata Motors, IndusInd Bank, Tech Mahindra and Asian Paints fell 1-2 percent in the Nifty pack, while NTPC, Mahindra & Mahindra, Bharti Airtel and Power Grid Corp all rose over 1 percent.

Bajaj Finance declined 1 percent after raising fixed deposit interest rates on various tenors.

Tata Steel rose half a percent after it unveiled a 7-million-pound investment plan for its Hartlepool Tube Mill in north-east England.

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Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High

Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High

The Australian dollar strengthened against other major currencies in the Asian session on Monday, after Australia central bank maintained its interest rate for the eighth straight session at a 13-year high, as underlying inflation remains too high.
RTTNews | 5h 55min ago
Australia Holds Interest Rate At 13-Year High

Australia Holds Interest Rate At 13-Year High

Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
RTTNews | 7h 1min ago
European Economic News Preview: UK Final Services PMI Data Due

European Economic News Preview: UK Final Services PMI Data Due

Final services Purchasing Managers' survey from the UK and unemployment from Spain are due on Tuesday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE is slated to issue industrial production for September. Economists forecast output to fall 0.5 percent on month, in contrast to the 1.4 percent increase seen in August.
RTTNews | 7h 50min ago
Sensex, Nifty Extend Losses For Second Day

Sensex, Nifty Extend Losses For Second Day

Indian shares traded lower for a second straight session on Tuesday due to persisting Middle East tensions and uncertainty surrounding the closely contested U.S. presidential election.
RTTNews | 8h 35min ago
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