Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued

RTTNews | il y a 931
Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued

(RTTNews) - Indian shares opened on a positive note Wednesday after three days of losses.

Investors await retail inflation data later in the day, with the CPI expected to hit a five-month high of 7.30 percent in September due to surging food prices.

Global cues remain sluggish after the IMF warned of slowing growth and the Bank of England ruled out extending its emergency intervention in Britain's bond market into next week.

The benchmark S&P BSE Sensex edged up 145 points, or 0.3 percent, to 57,292 in early trade, while the broader NSE Nifty index was up 20 points, or 0.1 percent, at 17,003.

Axis Bank, BPCL, Bajaj FinServ, Power Grid Corp and HCL Technologies rose 1-2 percent in the Nifty pack, while metal stocks such as Hindalco, JSW Steel and Tata Steel were down between half a percent and 1 percent on global growth concerns.

Adani Green Energy rose over 1 percent after it incorporated two renewable energy subsidiaries.

Wipro gained 0.7 percent and HCL Technologies jumped more than 2 percent ahead of their earnings results due later in the day.

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Swiss Market Ends On Positive Note

Swiss Market Ends On Positive Note

The Switzerland market, which held firm till well past noon on Wednesday after a steady start, suffered a setback in the final hour, but managed to recover in the closing minutes to sign off on a positive note. Easing worries about tariffs and some strong results helped underpin sentiment.
RTTNews | il y a 49 minutes
TSX Down Nearly 1% Despite Coming Off Early Lows

TSX Down Nearly 1% Despite Coming Off Early Lows

Despite staging a fairly strong recovery after an early setback, the Canadian market remains firmly down in negative territory a little past noon on Wednesday, with stocks from energy, technology and healthcare sectors reeling under selling pressure. Disappointing Canadian and U.S. GDP data, and Trump administration's policy uncertainty are weighing on sentiment.
RTTNews | il y a 2h 2min
German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months

German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months

Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.
RTTNews | il y a 2h 12min
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

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Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
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U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
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U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar

U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar

The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025. The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
RTTNews | il y a 4h 42min