Sensex, Nifty Lack Direction; Financials Surge

RTTNews | 8h 42min ago
Sensex, Nifty Lack Direction; Financials Surge

(RTTNews) - Indian shares struggled for direction in early trade on Thursday due to prevailing uncertainty over U.S. President Donald Trump's trade policies and ongoing FII selling.

The benchmark 30-share BSE Sensex was up 28 points at 74,630 while the broader NSE Nifty index was marginally lower at 22,544.

UltraTech Cement plummeted 5.2 percent after announcing its foray into the cables and wires business.

Grasim, Hero MotoCorp, Bajaj Auto and Trent all fell around 2 percent.

SpiceJet tumbled 5 percent despite reporting turnaround results for the December 2024 quarter.

Tata Power Company was down more than 1 percent after signing agreements for 5,000 MW renewable and clean energy projects in Assam.

Financials traded higher, with Shriram Finance surging nearly 4 percent while IndusInd Bank, Bajaj Finance and Bajaj FinServ climbed 1-2 percent.

Wipro rose about 1 percent after it announced plans to invest $200 million in its venture arm, Wipro Ventures, to back startups.

Mastek was up 0.7 percent after winning multiple contracts worth $85 million from a U.K. public service department.

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UK Car Production Declines Sharply: SMMT

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UK car production logged a double-digit decline in January reflecting weakness in key markets combined with planned model changeovers, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday. In January, vehicle production slid 17.7 percent from a year ago. Factories rolled out 71,104 cars and 6,908 commercial vehicles.
RTTNews | 6h 45min ago
European Economic News Preview: Eurozone Economic Confidence Data Due

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RTTNews | 7h 40min ago
Asian Markets Trade Mostly Lower

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RTTNews | 9h 56min ago
Australian Market Trims Early Gains In Mid-market

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RTTNews | 10h 35min ago
Japanese Market Modestly Higher

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RTTNews | 11h 40min ago
Little Movement Seen For Indonesia Stock Market

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The Indonesia stock market on Wednesday snapped the two-day losing streak in which it had stumbled more than 215 points or 3.2 percent. The Jakarta Composite Index now sits just above the 6,600-point plateau and it's expected to remain in that neighborhood again on Thursday.
RTTNews | 11h 52min ago