Home
News
默认头像

Sensex, Nifty End Lower On Rate Worries

2024-06-07MyfxbookMyfxbook
Indian shares ended Monday's session lower as investors awaited key U.S. inflation data for important clues on the likelihood of another U.S. interest rate hike in December.
Sensex, Nifty End Lower On Rate Worries

(RTTNews) - Indian shares ended Monday's session lower as investors awaited key U.S. inflation data for important clues on the likelihood of another U.S. interest rate hike in December.

U.S. CPI data due Tuesday is expected to show inflation easing to a year-on-year rate of 3.3 percent in October from 3.7 percent in the prior month.

The benchmark S&P/BSE Sensex ended the session down 325.58 points, or 0.50 percent, at 64,933.87, tracking mixed global cues and an uptick in U.S. Treasury yields.

The broader NSE Nifty index settled 82 points, or 0.42 percent, lower at 19,443.55.

Nestle India, Infosys, Grasim, Bajaj Finance and SBI Life fell 1-2 percent in the Nifty pack while Coal India soared 5.3 percent on brokerage upgrades following strong Q2 earnings.

Mahindra & Mahindra, Hindalco and Eicher Motors climbed 1-2 percent.

Disclaimers

The article is sourced from Myfxbook with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.