Sensex, Nifty Slightly Lower In Early Trade
(RTTNews) - Indian shares opened on a weak note Wednesday, tracking weak cues from global markets.
The benchmark 30-share BSE Sensex was down 120 points, or 0.2 percent, at 81,699 in early trade while the broader NSE Nifty index was down 38 points, or 0.2 percent, at 25,019.
Bajaj Auto edged up slightly ahead of its earnings release.
Bank of Maharashtra advanced 1.6 percent as it posted a 44 percent jump in its second-quarter profit.
Indian Hotels was moving lower after it announced the signing of a 150-key greenfield resort in Prayagraj in Uttar Pradesh.
Tata Motors was slightly lower after Jaguar Land Rover said its retail sales rose 36 percent year-on-year for the first six months of the current fiscal.
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Taiwan Stock Market Tipped To Open Under Pressure On Thursday
The Taiwan stock market has finished lower in back-to-back sessions, slumping more than 610 points or 2.8 percent along the way. The Taiwan Stock Exchange now rests just above the 22,330-point plateau and it may be in store for more pain on Thursday.
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Singapore Shares May Take Further Damage On Thursday
The Singapore stock market has moved lower in three straight sessions, dropping almost 40 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,710-point plateau and it's looking at another soft start again on Thursday.
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Malaysia Shares May Run Out Of Steam On Thursday
The Malaysia stock market has moved higher in four straight sessions, collecting almost 17 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although the rally may stall on Thursday.
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Tech Shares May Drag KOSPI Lower Again On Thursday
The South Korea stock market has moved lower in two straight sessions, sinking more than 30 points or 1.2 percent along the way. The KOSPI now sits just above the 2,500-point plateau and it may see continued selling pressure on Thursday.
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South Korea Interest Rate Decision Due On Thursday
The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 3.25 percent.
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U.S. Dollar Slumps Amid Lingering Worries About Trump Tariffs
Following the rebound seen during trading on Tuesday, the value of the U.S. dollar is extending Monday's slump during trading on Wednesday.
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Swiss Stock Market Ticks Higher On Wednesday
The Swiss stock market spent most of Wednesday's trade under water before a late rally nudged it up into positive territory going into the close.
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Swiss Franc Declines Against Most Majors
The Swiss franc weakened against its most major counterparts in the New York session on Wednesday.
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