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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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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5h 35min 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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6h 35min ago
European Shares Edge Higher Ahead Of Christmas Break
European stocks edged higher in cautious trade on Tuesday ahead of Christmas break.
The German DAX is not trading today while the FTSE 100 and CAC 40 will close early for Christmas Eve.
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8h 1min ago
FTSE 100 Edges Higher In Thin Holiday Trade
U.K. stocks were moving higher on Tuesday in thin-shortened trading session for Christmas Eve.
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8h 11min ago
CAC 40 Edges Higher In Thin Pre-Christmas Trade
French stocks were modestly higher on Tuesday in thin shortened pre-Christmas trade.
Most European markets will remain shut on Wednesday and Thursday for the Christmas holiday.
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8h 22min ago
Asian Shares Rise As China Vows Bigger Fiscal Spending In 2025
Asian stocks advanced on Tuesday after shares of big U.S. technology companies rallied overnight in thin trading at the start of a holiday-shortened week.
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8h 37min ago
Antipodean Currencies Slide Ahead Of Christmas Day Holidays
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Monday, as traders seemed reluctant to make more significant moves amid what is likely to be a quiet week due to the Christmas Day holidays.
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10h 32min ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Monday.
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11h 40min ago
