Sensex, Nifty Modestly Higher, Metal Stocks Tumble

RTTNews | 9 days ago
Sensex, Nifty Modestly Higher, Metal Stocks Tumble

(RTTNews) - Indian shares were modestly higher in early trade on Tuesday after recent string of heavy losses amid pressure due to continued foreign outflows, boiling crude oil prices and heightened Middle East tensions.

Investors were also reacting to the early results of the assembly elections in Haryana and Jammu & Kashmir.

The benchmark S&P/BSE Sensex was up 300 points, or 0.4 percent, at 81,348 while the broader NSE Nifty index was up 84 points, or 0.3 percent, at 24,879.

SBI, Larsen & Toubro, UltraTech, BEL and Axis Bank were up 1-2 percent while metal stocks such as Hindalco, JSW Steel and Tata Steel declined 2-4 percent.

Nestle India was marginally lower after Manish Tiwary, ex-Amazon India head, has been appointed as the new managing director of the company.

read more
Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View

Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View

Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings and organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization, effective as of January 1, along with certain key changes...
RTTNews | 4h 48min ago
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

The Canadian market is likely to open higher on Thursday, tracking positive European markets and slightly higher commodity prices. Investors will also be reacting to the European Central Bank's decision to lower interest rates.
RTTNews | 4h 49min ago
Eurozone Trade Surplus Falls Sharply On Weak Exports

Eurozone Trade Surplus Falls Sharply On Weak Exports

Eurozone trade surplus declined notably in August due to the fall in exports, official data showed on Thursday. Exports decreased 2.4 percent on a yearly basis, in contrast to the 9.4 percent increase in July, Eurostat reported. Likewise, imports dropped 2.3 percent after prior month's 3.6 percent gain.
RTTNews | 5h 44min ago
European Shares Gain Before ECB Verdict

European Shares Gain Before ECB Verdict

European stocks traded higher on Thursday as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision.
RTTNews | 7h 37min ago
Eurozone Inflation Eases To 1.7% In September

Eurozone Inflation Eases To 1.7% In September

Eurozone inflation eased slightly more than initially estimated in September, raising expectations for a quarter point rate cut by the European Central Bank later today. The harmonized index of consumer prices posted an annual increase of 1.7 percent, which was revised down from 1.8 percent estimated on October 1, final data from Eurostat showed on Thursday.
RTTNews | 7h 38min ago
FTSE 100 Slightly Higher On Rate Cut Bets

FTSE 100 Slightly Higher On Rate Cut Bets

U.K. stocks were slightly higher on Thursday as signs of falling inflation spurred expectations that interest rates could be cut faster than previously thought.
RTTNews | 7h 56min ago