Equity

Global stocks lose steam after U.S. data

MSCI's global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year. The U.S. Commerce Department said the personal consumption expenditures (PCE) price index, widely seen as the Fed's favored inflation indicator, increased 0.3% last month, in line with expectations and the March increase, while core PCE rose 0.2% compared with 0.3% in March. "The mar...

May 9, 2024 11:22 AM

Sensex, Nifty see second consecutive day of decline; Hero MotoCorp surges 4.6%, L&T dips 4.3%

The Indian stock market saw a downturn for the second day in a row on Thursday. The Sensex dropped by 0.64 percent to 73,003, while the Nifty fell by 0.61 percent to 22,162 as of 10:25 am. Hero MotoCorp emerged as the top performer with a significant surge of 4.6 percent. Following closely were M&M with a gain of 1.98% and Bajaj Auto with an uptick of 2.28%. Eicher Motors and Tata Motors also showcased positive momentum, registering gains of 0.78% and 1.05%, respectively. On the flip side,...