Home
News
默认头像

Sensex, Nifty Decline As Fed Euphoria Fades

2024-06-07MyfxbookMyfxbook
Indian shares opened on a sluggish note Thursday, mirroring weak cues from global markets as the "euphoria" over the thought of Fed interest-rate cuts faded and pandemic fears resurfaced.
Sensex, Nifty Decline As Fed Euphoria Fades

(RTTNews) - Indian shares opened on a sluggish note Thursday, mirroring weak cues from global markets as the "euphoria" over the thought of Fed interest-rate cuts faded and pandemic fears resurfaced.

The benchmark S&P BSE Sensex was down 284 points, or 0.4 percent, at 70,233 in early trade, while the broader NSE Nifty index was down 86 points, or 0.4 percent, at 21,064.

Among the prominent decliners, SBI Life, Larsen & Toubro, Bajaj Auto, Cipla and Axis Bank fell 1-2 percent.

Zee Entertainment Enterprises jumped 4.2 percent. The company said that "'good faith negotiations" will happen with Sony Group's India unit to discuss an extension of the merger deadline.

HDFC Bank edged up slightly after raising Rs. 7,425 crores via a bond issue.

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.

Myfxbook Enter the brand column

Hottest

About 1 Year Ago

European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.

About 1 Year Ago

John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.

About 1 Year Ago

Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.

About 1 Year Ago

While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of

About 1 Year Ago

Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.

home

Home

home

Brokers

home

News

home

Expo

home

Mine