Sensex, Nifty Close Weak For 5th Straight Day

RTTNews | Pred 8 h 11 min

(RTTNews) - Indian shares ended weak on Friday, drifting down for the fifth consecutive session, as mostly disappointing quarterly results, persisting tensions in the Middle East, and anxiety over the impending U.S. election rendered the mood cautious and prevented investors from engaging in any significant buying.

The BSE benchmark Sensex ended down 662.87 points or 0.83% at 79,402.29, after having climbed nearly 200 points to 80,253.19 in early trades.

The broader Nifty50 index of the National Stock Exchange, which advanced to 24,440.25 early on in the session, settled at 24,180.90, down 218.60 points or 0.9% from the previous close.

Automobile, bank, consumer durables, metal, media and realty stocks were among the major losers. FMCG stocks found some support, while IT and healthcare stocks turned in a mixed performance.

IndusInd Bank tumbled 18.6% after the lender reported a sharp 39% slump in second-quarter net profit to Rs 1,325.45 crore, from the year-ago quarter.

M&M, Larsen & Toubro and NTPC lost 3.1 to 4%. Adani Ports, Maruti Suzuki, Tata Steel, Titan, Bajaj Finserv, Bajaj Finance, State Bank of India, Tata Motors and JSW Steel closed down 1.6 to 2.8%.

Adani Enterprises and BPCL both ended nearly 4% down. Shriram Finance, Coal India, HeroMoto Corp, Tata Consumer Products, Titan Industris, Hindalco, Grasim Industries and Trent also closed sharply lower.

Tech Mahindra, Bharti Airtel, Reliance Industries and Infosys too ended weak.

ITC climbed about 2.2% thanks to a marginal jump in second-quarter earnings. Axis Bank ended 1.7% up, while Hind Unilever gained nearly 1%. Bharat Electronics Limited and Britannia Industries also closed notably higher.

VST Industries tanked nearly 10%, weighed down by a sharp drop in second-quarter earnings. Shriram Properties, Radico Khaitan and Mahanagar Gas also declined on weak results.

Kirloskar Pneumatic soared nearly 10% after reporting a whopping 235% surge in second-quarter earnings. Godrej Consumer Products and Nippon Life also moved up sharply on strong earnings.

The market breadth was very weak with declines far outnumbering advances. On BSE, 3,215 stocks closed weak, while just 738 stocks moved higher. 68 stocks closed flat.

Canadian Dollar Weakens In Cautious Trade

The Canadian dollar declined against its major counterparts in the New York session on Friday, as investors became cautious ahead of the U.S presidential election, jobs data and key tech earnings.

RTTNews | Pred 4 h 43 min

Canadian Market Modestly Lower In Lackluster Trade

Canadian stocks are turning in a mixed performance on Friday with investors digesting a slew of Canadian earnings updates from the U.S. and Canada, as well as the latest batch of economic releases.

RTTNews | Pred 4 h 58 min

U.S. Consumer Sentiment Unexpectedly Improves To Six-Month High In October

Consumer sentiment in the U.S. unexpectedly improved in the month of October, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for October was upwardly revised to 70.5 from a preliminary reading of 68.9. Economists had expected the index to be upwardly revised slightly to 69.0.

RTTNews | Pred 7 h 9 min

U.S. Durable Goods Orders Fall More Than Expected As Aircraft Demand Slumps

Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods orders slid by 0.8 percent in September, matching a revised decrease in August.

RTTNews | Pred 7 h 37 min

European Stocks Turning In Mixed Performance In Cautious Trade

European stocks are turning in a mixed performance Friday afternoon with investors largely reacting to corporate earnings updates, the latest batch of regional economic data.

RTTNews | Pred 7 h 45 min

Bay Street Likely To Open On Mixed Note

Canadian shares are seen opening on a mixed note Friday morning with investors likely to react to a slew of economic data, and tracking global markets.

RTTNews | Pred 8 h 38 min

U.S. Durable Goods Orders Fall More Than Expected In September

RTTNews | Pred 8 h 45 min

Russia Hikes Interest Rate By 200 Bps; Signals Another Hike

Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 21.00 percent from 19.00 percent.

RTTNews | Pred 9 h 24 min

EURUSD	1.08023	GBPUSD	1.29713	AUDUSD	0.66075
USDJPY	152.196	USDCAD	1.3886	USDCHF	0.86624