Sensex, Nifty Open Lower With Earnings In Focus

RTTNews | 6h 39min ago
Stocktwits
Sensex, Nifty Open Lower With Earnings In Focus

(RTTNews) - Indian shares opened on a sluggish note Wednesday as caution prevailed ahead of next week's U.S. presidential election and Federal Reserve rate decision.

The benchmark S&P/BSE Sensex was down 260 points, or 0.3 percent, at 80,107 in early trade while the broader NSE Nifty index was down 62 points, or 0.3 percent, at 24,405.

Cipla plunged 4.2 percent after analysts highlighted near term challenges for the pharmaceutical giant.

Torrent Pharma tumbled 2.7 percent after a block deal.

Voltas slumped 6 percent despite posting stellar Q2 earnings.

Maruti Suzuki rallied 2.1 percent despite the company flagging falling demand for small cars.

Adani Enterprises jumped more than 3 percent after it posted a nearly eight-fold rise in net profit in the September quarter.

Marico soared 5.4 percent on reporting a 20 percent increase in consolidated net profit for the September quarter.

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French GDP Growth Doubles In Q3

French GDP Growth Doubles In Q3

France's economic growth doubled in the third quarter as the Paris Olympic and Paralympic Games boosted consumption, official data revealed Wednesday. Gross domestic product posted a quarterly growth of 0.4 percent after expanding 0.2 percent in the second quarter, first estimate from the statistical office INSEE showed. This was also better than economists' forecast of 0.3 percent.
RTTNews | 4h 9min ago
European Shares May See Soft Opening

European Shares May See Soft Opening

European stocks may open on a sluggish note Wednesday as investors react to mixed earnings results from U.S. technology companies and look forward to next week's U.S. presidential election and Federal Reserve rate decision for direction.
RTTNews | 5h 44min ago
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 5h 59min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the US Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets. Asian markets closed mostly higher on Tuesday.
RTTNews | 7h 54min ago
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