Sensex, Nifty End Choppy Session Modestly Lower

RTTNews | 938 days ago
Sensex, Nifty End Choppy Session Modestly Lower

(RTTNews) - Indian shares ended a choppy session lower on Tuesday, adding to steep losses posted in the previous session.

Somewhat encouraging retail inflation data on the domestic front and gains in U.S. stock futures helped limit the downside in the broader market.

The benchmark S&P BSE Sensex dropped 153.13 points, or 0.29 percent, to 52,693.57, extending losses for the third straight session.

The broader NSE Nifty index fell 42.30 points, or 0.27 percent, to 15,732.10 as investors braced for aggressive hikes and hawkish guidance from the Federal Reserve on Wednesday.

Goldman Sachs and JPMorgan Chase & Co. said they expect the Fed to raise interest rates by 75 basis points at their meeting on Wednesday.

As recession worries grow, the messaging around future guidance is going to be key to determine market reactions.

Tech Mahindra, Hindalco, ONGC, IndusInd Bank and Bajaj Auto tumbled 2-5 percent while Cipla, Mahindra & Mahindra, Divis Laboratories, Bharti Airtel and NTPC rose 1-2 percent.

read more
Canadian Market Pares Early Gains, Down Slightly At Noon

Canadian Market Pares Early Gains, Down Slightly At Noon

The Canadian market is down slightly a little past noon on Tuesday after having moved higher early on in the session thanks to gains in energy and materials sectors thanks to firm commodity prices. Trade war concerns, and political uncertainty in Canada following the resignation of Prime Minister Justin Trudeau weigh on stocks.
RTTNews | 5h 33min ago
U.S. Job Openings Unexpectedly Increase In November

U.S. Job Openings Unexpectedly Increase In November

Job openings in the U.S. unexpectedly increased in the month of November, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings rose to 8.098 million in November from an upwardly revised 7.839 million in October.
RTTNews | 7h 19min ago
NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

AI chipmaker Nvidia Corp. announced major product advancements in the field of generative artificial intelligence, amid significant growth of AI worldwide. The tech major also revealed partnerships with major corporates, including Uber Technologies, Inc., Toyota Motor Corp. and Accenture, at the Consumer Electronics Show or CES 2025 in Las Vegas.
RTTNews | 7h 20min ago
U.S. Services Index Rises More Than Expected In December

U.S. Services Index Rises More Than Expected In December

The Institute for Supply Management released a report on Tuesday showing its reading on U.S. service sector activity increased by more than expected in the month of December. The ISM said its services PMI climbed to 54.1 in December from 52.1 in November, with a reading above 50 indicating growth. Economists had expected the index to rise to 53.3.
RTTNews | 7h 28min ago
U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports

U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports

With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the trade deficit to climb to $78.0 billion.
RTTNews | 8h 0min ago
Acceleration In Eurozone Inflation Signals Slower ECB Rate Cuts

Acceleration In Eurozone Inflation Signals Slower ECB Rate Cuts

Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from Eurostat showed on Tuesday.
RTTNews | 9h 16min ago
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher on Tuesday on steady crude oil and bullion prices. Political uncertainty following the resignation of Canadian Prime Minister Justin Trudeau, and tariff hike threats by U.S. President-elect Donald Trump may limit market's upside.
RTTNews | 9h 50min ago