Sensex, Nifty Extend Losses For Fourth Day Ahead Of Fed Decision

RTTNews | 982 days ago
Sensex, Nifty Extend Losses For Fourth Day Ahead Of Fed Decision

(RTTNews) - Indian shares ended a choppy session lower on Wednesday, extending losses for a fourth straight session.

While caution ahead of the Fed's interest-rate decision weighed on sentiment the downside was capped by improved China data, falling oil prices and a rally in European markets on news that ECB policymakers will hold an emergency meeting later today to discuss the recent sell-off in government bond markets.

Investors awaited the Federal Reserve's interest-rate decision later in the day for clues on how aggressive the U.S. central bank intends to be in the coming months.

The consensus among Fed watchers is that the FOMC will raise its key Fed Funds rate by 50 bps later in the day.

A move of 75 basis points would be a surprise, given the deteriorating outlook for growth around the world.

The benchmark S&P BSE Sensex ended a choppy session down 152.18 points, or 0.29 percent, at 52,541.39 while the broader NSE Nifty index dropped 39.95 points, or 0.25 percent, to 15,692.15.

ONGC led losses to close 3.2 percent lower as oil extended overnight losses on data showing an unexpected rise in U.S. crude inventories last week.

Wipro, Reliance Industries, Infosys and NTPC declined 1-2 percent while Grasim, Hero MotoCorp and Tata Motors all surged around 2 percent.

Bajaj twins - Bajaj Finance and Bajaj Finserv rallied 2.2 percent and 4.2 percent, respectively.

read more
Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

After opening slightly up, the Canadian market tumbled into negative territory Friday morning as tariff threats and weak commodity prices, as well a few disappointing earnings updates prompted investors to press sales at several counters. Preliminary data showing a likely drop in retail sales in January is weighing as well.
RTTNews | 5h 17min ago
U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 64.7 from a preliminary reading of 67.8. Economists had expected the index to be unrevised.
RTTNews | 7h 32min ago
U.S. Existing Home Sales Pull Back Sharply In January

U.S. Existing Home Sales Pull Back Sharply In January

Existing home sales pulled back sharply in the month of January, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.
RTTNews | 7h 47min ago
Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Platforms, Inc. announced the approval of a hefty increase in bonuses of its select executive officers under the new executive bonus plan, excluding Chief Executive Officer Mark Zuckerberg. The news comes close on the heels of the tech major's recent announcement of significant growth in its fourth-quarter results and positive outlook, as well as the layoff of 5% of its overall workforce.
RTTNews | 8h 53min ago
Bay Street May Open With Slightly Negative Bias

Bay Street May Open With Slightly Negative Bias

Canadian shares may open with a negative bias Friday morning as energy and materials stocks are likely to be under some pressure due to lower commodity prices. Canadian retail sales data may provide some direction.
RTTNews | 9h 38min ago
Eurozone Private Sector Expands In February

Eurozone Private Sector Expands In February

The euro area private sector managed to grow for the second straight month in February with the deepening contraction in France being offset by a moderate rebound in Germany, flash data from the purchasing managers' survey by S&P Global showed on Friday.The flash composite output index remained unchanged at 50.2 in February. Economists had forecast the indicator to rise to 50.5.
RTTNews | 10h 5min ago
German Private Sector Growth Picks Up

German Private Sector Growth Picks Up

Germany's private sector growth picked up in February as services activity showed a steady expansion and manufacturing contracted at the slowest pace in two years, flash survey data from S&P Global revealed Friday. The flash composite output index came in at 51.0 in February, up from 50.5 in January. This was the highest reading in nine months and was above forecast of 50.8. A score above 50.0 i
RTTNews | 12h 11min ago