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Sensex, Nifty End Narrowly Mixed After Choppy Session

RTTNews | 67 days ago

Sensex, Nifty End Narrowly Mixed After Choppy Session

(RTTNews) - Indian shares ended a choppy session narrowly mixed on Monday, with a weaker dollar in international markets, falling oil prices and renewed optimism that cooling U.S. inflation would kick off a cycle of interest rate cuts helping limit losses in the broader market.

Higher levels attracted profit taking as investors awaited the release of FOMC minutes and Fed Chair Jerome Powell's Jackson Hole speech this week for more clarity on the possibility of easing in September.

Traders also watched the latest developments in the Middle East as the U.S. pushed for a deal between Israel and Hamas to end the war on Gaza, calling it 'maybe the last opportunity to get the hostages home'.

The benchmark S&P/BSE Sensex ended the session down 12.16 points, or 0.02 percent, at 80,424.68 after volatile trading.

The broader NSE Nifty index settled up 31.50 points, or 0.13 percent, at 24,572.65.

LTIMindtree, Tata Steel, BPCL, Shriram Finance and Hindalco surged 2-4 percent in the Nifty pack while Mahindra & Mahindra led losses to close 2.6 percent lower. SBI, Axis Bank, IndusInd Bank and Bajaj Auto all fell around 1 percent.

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Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.

RTTNews | 6h 8min ago

China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.

RTTNews | 6h 56min ago

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.

RTTNews | 7h 15min ago

European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.

RTTNews | 7h 25min ago

European Markets Seen Opening On A Weak Note

European Markets Seen Opening On A Weak Note

European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.

RTTNews | 7h 36min ago

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 7h 40min ago

Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 7h 45min ago

Thai Shares May Stop The Bleeding On Friday

Thai Shares May Stop The Bleeding On Friday

The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.

RTTNews | 11h 15min ago

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