Sensex, Nifty Drift Lower As Investors Eye Fed Meet

RTTNews | 1039 days ago
Stocktwits
Sensex, Nifty Drift Lower As Investors Eye Fed Meet

(RTTNews) - Indian shares slipped into the red in cautious trade on Wednesday ahead of a Federal Reserve meeting later in the day that's expected to deliver a hefty interest-rate hike to fight inflation.

The benchmark S&P BSE Sensex slipped 77 points, or 0.2 percent, to 52,616, giving up early gains. The broader NSE Nifty index was down 30 points, or 0.2 percent, at 15,702.

LIC surged 4.5 percent after increasing its stake in non-banking finance company Capri Global Capital.

Engineers India rallied 2 percent after it has been appointed as project management consultant for Neyveli Lignite's 1,200 TPD lignite to methanol project.

GPT Infraprojects added 1 percent after incorporating a new subsidiary 'RMS GPT Ghana' at Republic of Ghana for manufacture of concrete sleepers.

SBI rose 0.7 percent after hiking deposit and lending rates.

Wipro edged up slightly on news it would increase its investment in Norway.

Shriram City Union Finance rose half a percent and PNB Housing Finance climbed 1.2 percent on fund raising reports.

Asian Paints gained half a percent. Weatherseal Fenestration is now a subsidiary of the company.

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NZ Dollar Falls Amid RBNZ Rate Cut Speculations

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).
RTTNews | 17h 24min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | 17h 41min ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just above the 1,140-point plateau, although it's expected to open in the red on Friday.
RTTNews | 23h 22min ago
China Shares Overdue For Consolidation On Friday

China Shares Overdue For Consolidation On Friday

The China stock market has finished higher in eight straight sessions, rallying more than 180 points or 5.9 percent in that span. The Shanghai Composite Index now rests just above the 3,280-point plateau, although investors may lock in gains on Friday.
RTTNews | 23h 52min ago
Taiwan Stock Market May Extend Losing Streak

Taiwan Stock Market May Extend Losing Streak

The Taiwan stock market has finished lower in two straight sessions, shedding almost 520 points or 2.6 percent along the way. The Taiwan stock market now rests just shy of the 19,340-point plateau and it may take further damage again on Friday.
RTTNews | 1 day ago
Malaysia Bourse May Hand Back Thursday's Gains

Malaysia Bourse May Hand Back Thursday's Gains

The Malaysia stock market rebounded on Thursday, one session after ending the two-day winning streak in which it had improved more than 30 points or 2 percent. The Kuala Lumpur Composite Index new sits just above the 1,480-point plateau, although it's expected to open under water on Friday.
RTTNews | 1 day ago
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