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

RTTNews | 1007 days ago

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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U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

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A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. Economists had expected the index to remain unchanged.

RTTNews | 4h 11min ago

New York Manufacturing Activity Drops Significantly In March

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RTTNews | 4h 27min ago

U.S. Retail Sales Rebound In February But Much Less Than Expected

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RTTNews | 4h 30min ago

Dollar Weakens With Cooling Inflation

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RTTNews | 5h 15min ago

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The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March.

RTTNews | 6h 1min ago

U.S. Retail Sales Rebound Less Than Expected In February

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Bay Street Likely To Open On Mixed Note

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Canadian shares are likely to open on a mixed note Monday morning, tracking commodity prices and European markets. The mood is likely to remain cautious with investors looking ahead to the Federal Reserve's monetary policy announcement on Wednesday.

RTTNews | 6h 22min ago

U.S. Dollar Falls Against Majors

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The U.S. dollar weakened against other major currencies in the European session on Monday.

RTTNews | 6h 25min ago

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