Sensex, Nifty Decline Ahead Of Powell's Testimony
(RTTNews) - Indian shares opened lower on Wednesday, tracking weak Asian markets and a decline in U.S. stock futures as investors awaited a key testimony by Fed Chair Jerome Powell due later in the day.
The benchmark S&P BSE Sensex fell 583 points, or 1.1 percent, to 51,949 in early trade, while the broader NSE Nifty index was down 183 points, or 1.2 percent, at 15,455.
Commodity-related stocks succumbed to selling pressure, with ONGC, Tata Steel, UPL, JSW Steel and Hindalco losing 3-5 percent.
HDFC Bank fell about 1 percent. The private sector lender said it plans to double its network of branches in the next three to five years.
YES Bank was down 0.7 percent after it launched a floating rate deposit scheme for domestic customers.
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Japan Leading Index Data Due On Wednesday
Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
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7h 17min ago
TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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11h 34min ago
Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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13h 9min ago
Pound Climbs Against Majors
The pound rose against its major counterparts in the New York session on Tuesday.
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13h 56min ago
European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve.
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15h 32min ago
Bay Street Likely To Open Slightly Higher
Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
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17h 17min ago
Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
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18h 41min ago
Sensex, Nifty Reverse Course To End Lower
Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday.
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19h 42min ago
