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Sensex Down 64 Points In Early Trade; Nifty At 11809

Indian shares were marginally lower on Thursday as China data stoked slowdown worries and domestic data showed India's inflation accelerated more-than-expected in October to breach the Reserve Bank of India's (RBI) medium-term target of 4 percent for the first time since July.

The benchmark S&P BSE Sensex dropped 64 points, or 0.16 percent, to 40,051 while the broader NSE Nifty index was down 31 points, or 0.26 percent, at 11,809.

SpiceJet slumped 4.6 percent after its Q2 loss widened from last year.

Cadila Healthcare rallied 2 percent after acquiring the remaining 15 percent stake each in its subsidiaries Zydus Technologies Ltd and Zydus Noveltech Inc.

Bharat Heavy Electricals dropped 1.7 percent on reporting a 36 percent year-on-year decline in its quarterly net profit.

KEC International was moving lower despite news that it has bagged orders worth Rs 2,255 crore across various business verticals in the domestic market.

Vodafone Idea shares plunged as much as 18 percent to extend recent losses.

Bharti Airtel tumbled 3.5 percent ahead of its September quarter results today.

The Department of Telecommunications (DoT) has reportedly asked telcos and internet service providers to pay up license fees and spectrum usage charges as per the Supreme Court order.

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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