MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

Benchmark indices ended flat Wednesday  after a choppy session dragged by losses in the metal and IT indices.

The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening.
The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Back home, shares of HCL Technologies dipped 4.5% to Rs 1,005 per share on the BSE after the IT company posted a 9.9 percent fall in its fourth-quarter net profit earlier today, hurt by higher expenses.

InterGlobe Aviation, the parent company of IndiGo, will also announce their quarterly results today. Markets will look for the company’s future plans after the recent exit of its president, Aditya Ghosh.


Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the US Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent, while Japan’s Nikkei shed 0.2 per cent.



  • 04:00 PM

    Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services 
    “The sustained stretch of upsides prevailing all through April has begun to weigh on investors, and PSU and metal saw profit booking, especially with global markets seen shaky ahead of FOMC rate deicison. FII’s continued selling since mid April has emerged as a point of contention but positive factory growth numbers, strong auto sales, upbeat GST revenue collection will seek to extend the ongoing momentum aided by positive earnings season.”
  • 03:40 PM

    Top draggers from Nifty IT pack

    HCL TECHNOLOGIES 1005.35 1052.75 -47.40 -4.50 7506238
    MINDTREE 1057.00 1084.60 -27.60 -2.54 1793235
    ORACLE FIN.SERV. 4207.65 4310.10 -102.45 -2.38 26798
    KPIT TECH. 253.15 258.60 -5.45 -2.11 1188805
    TATA ELXSI 1216.70 1237.80 -21.10 -1.70 548914
  • 03:38 PM

    Nifty Metal index falls over 3%: Top losers in the pack

    S A I L 72.95 77.65 -4.70 -6.05 14022263
    JINDAL STEEL 237.80 252.10 -14.30 -5.67 6073671
    HIND.ZINC 308.55 326.85 -18.30 -5.60 3606390
    VEDANTA 283.45 298.40 -14.95 -5.01 12024307
    MOIL 197.30 205.25 -7.95 -3.87 538682
  • 03:35 PM

    Sectoral Trend

  • 03:34 PM

    Top Sensex gainers and losers

  • 03:32 PM

    Markets at Close

    The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

  • 03:10 PM

    Gold falls on global cues, slack demand
    Gold prices drifted lower by Rs 70 to Rs 32,130 per 10 grams at the bullion market today, driven by a weak trend overseas amid easing demand from local jewellers. Silver also fell by Rs 250 to Rs 40,250 per kg due to reduced offtake by industrial units and coin makers.
  • 02:48 PM

    Buyback proposal fails to lift PC Jeweller; stock tanks 23% from day’s high
    Shares of PC Jeweller have dipped 18% to Rs 119 per share falling 23% from its intra-day high on the BSE, despite the company announcing a share buyback proposal. The stock was up 6% to Rs 154 in early morning trade.
    PC Jeweller on Sunday, April 29, said that the board of directors of the company will meet on Friday, May 5, 2018 to consider the proposal for buy back of fully paid-up equity shares of the company.
    The board will also consider the audited standalone and consolidated financial results of the company for the quarter/financial year ended March 31, 2018 and recommendation of dividend, if any.
  • 02:34 PM

    Analysts see Rs 140-billion L&T-Schneider deal in positive light
    Larsen & Toubro’s (L&T) definitive agreement with Schneider to sell its electrical and automation (E&A) business in an all-cash deal for Rs 140 billion (slightly more than $2 billion) is on expected lines of analysts. Santosh Yellappu, analyst at India Nivesh, says, the deal valuations are fair and the company is pursuing its objective of becoming asset-light.
    Earlier Credit Suisse, too, had anticipated the electrical business’ value at ₹140-160 billion.
  • 02:21 PM

    Nifty Metal index falls over 3%, top losers in the pack

    S A I L 73.45 77.65 -4.20 -5.41 10672711
    HIND.ZINC 311.00 326.85 -15.85 -4.85 2588117
    VEDANTA 284.45 298.40 -13.95 -4.67 9347162
    JINDAL STEEL 242.10 252.10 -10.00 -3.97 4225737
    MOIL 198.20 205.25 -7.05 -3.43 459200
  • 02:15 PM

    Kotak Mahindra Bank, Dabur India, Indiabulls Ventures hit new highs
    Kotak Mahindra Bank, Dabur India, Indiabulls Venture, Jubilant FoodWorks, Nestle India, Pidilite Industries and Exide Industries were among 23 stocks from the S&P BSE500 index hitting new highs on the BSE on Wednesday.
    Britannia Industries, Cyient, Escorts, Hexaware Technologies, KPIT Technologies, Mahindra & Mahindra (M&M), M&M Financial Services, Mindtree and Tata Chemicals too hit all-time highs in intra-day trade today.
  • 01:58 PM

    Interview of the day Markets can sustain at current levels if earnings deliver: Swati Kulkarni
    Corporate earnings and the outcome of the Karnataka polls are two big events back home that are likely to keep the markets choppy in May. SWATI KULKARNI, executive vice-president and fund manager – equities, UTI Mutual Fund tells Puneet Wadhwa in an interview that though mid-and small-cap companies are at a higher valuation as compared to their large-cap peers, one can still find value in select pockets.


  • 01:45 PM

    EU frets over use of antibiotics in India’s primary shrimp production
    The European Union, which accounts for about 18 per cent of India’s seafood exports valued at $5.7 billion, is apparently miffed with no official controls in primary production of shrimps in India.
    An audit team from EU had visited the Indian farm and processing facilities in November last year.
  • 01:30 PM

    Billionaire Raghuram Shetty said to hire Evercore on finance unit IPO

    West Asia billionaire Bavaguthu Raghuram Shetty hired Evercore to advise on a potential initial public offering (IPO) for his financial-services company, according to people with knowledge the matter, as he seeks to expand a sprawling empire built on offering money transfers and currency-exchange services.
    Finablr, the holding company for businesses including Travelex Holdings and the UAE Exchange Centre, is weighing a share sale in London as early as next year that may value the business at billions of dollars, said the people, asking not to be identified as the information is private. More advisors could be hired in the next few months, they said. No final decisions have been taken and the plans could change, the people said.
  • 01:12 PM

    Edelweiss on HDFC

    Given its market leadership, HDFC is envisaged to be key beneficiary of government’s/regulator’s thrust on housing sector, lending growth visibility. Best-in-class cost ratios and adequate provisioning buffer will ensure steady operational performance. Value discovery via listing of HDFC Mutual Fund will be a positive trigger. However, valuations at 2.6x P/ABV for core RoE of 16.5% appears fair. Maintain ‘HOLD / Sector Performer’
  • 01:10 PM

    Result update: Dabur

    On the back of benign raw material prices, gross margins improved 167bps; this coupled with operating efficiencies and softer ad spend (down 24bps YoY) led to EBITDA margin expansion of 206bps YoY. Dabur’s stable to expanding market share, receding competition from herbal players and improving rural economy are positives. Maintain ‘BUY’.
  • 01:08 PM

    Antique Stock Broking on L&T

    On expected lines, the L&T has divested its Electrical & Automation (E&A) business, a non-core business to Schneider Electric, for INR 140bn, after signing a definitive agreement on 1-May-18. The company has been on the spree of monetising its non-core assets and the sale of E&A business is a significant milestone in that direction.

    The all-cash transaction is expected to aid balance sheet strengthening of the company through improved working capital position and return ratios. Also, this is expected to improve management bandwidth on its core business in addition to aiding future growth. We continue to like the stock given its multiple growth engines and thus maintain BUY with SoTP based target price of Rs 1,580

  • 01:05 PM

    FOMC preview: US Fed likely to keep rates unchanged, says Morgan Stanley

    We look for no change in the target range of the federal funds rate, following the 25bp increase to 1.50%-1.75% at the March meeting. Since the March meeting, the incoming inflation data have confirmed the expected rebound as last year’s telecom price reset rolled out of the 12-month window. We believe March data on core PCE inflation, released April 30, will show an annual rate of 2.0%—touching the Fed’s 2% goal for the first time since spring 2012.

    We expect the Fed to next hike rates at its June meeting, with little change in the “dots” and forecasts. We continue to look for a total of three hikes this year, followed by a pause, and two additional hikes in 2019 where we think the hiking cycle ends

  • 01:00 PM

    Buyback proposal fails to lift PC Jeweller; stock tanks 23% from day’s high
    Shares of PC Jeweller have dipped 18% to Rs 119 per share falling 23% from its intra-day high on the BSE, despite the company announcing a share buyback proposal. The stock was up 6% to Rs 154 in early morning trade.
    PC Jeweller on Sunday, April 29, said that the board of directors of the company will meet on Friday, May 5, 2018 to consider the proposal for buy back of fully paid-up equity shares of the company.
  • 12:42 PM

    SECTOR WATCH Why Indian refineries continue to attract investors with deep pockets
    Today morning, the finance and petroleum ministries will open the bids for oil and gas exploration blocks under the Open Acerage Licensing Policy (OALP). Officials are hopeful the bids, coming after a lot of tweaks in the policy, will show up some interesting offers.
    But the big news this morning is a reported offer by Kuwait Petroleum International to buy a 24 per cent stake in Bina refinery, a 50:50 joint venture between state-run Bharat Petroleum Corporation (BPCL) and Oman Oil Co. Last month, Saudi Aramco announced it plans to invest 50 per cent in a Rs 3 trillion refinery project floated by the three state run oil companies— Indian Oil Corporation, BPCL and Hindustan Petroleum Corporation.

  • 12:24 PM


    BERGER PAINTS 283.40 287.85 287.30 30-APR-2018 18951
    BOMBAY DYEING 311.50 317.45 316.30 30-APR-2018 444310
    BRITANNIA INDS. 5533.85 5560.35 5534.95 30-APR-2018 2859
    DABUR INDIA 374.55 382.30 371.70 30-APR-2018 125743
    ESCORTS 998.00 1018.50 1006.50 30-APR-2018 94502
  • 12:09 PM

    Bonds: Rising interest rates likely to hurt India’s economic growth
    Various estimates suggest that India could grow at 7.5 per cent this fiscal, but such a growth rate would likely be hampered if the interest rates remain at elevated levels. The 10-year yields on government bonds (G-secs) are a good gauge of the medium term interest rate trajectory, and those yields are on the rise.
    The foreign portfolio investors (FPIs) are liquidating their fixed income portfolio, and at an increasing pace in the past three months, leaving the market at the hands of domestic money.

  • 12:01 PM

    Markets at noon

    S&P BSE Sensex 35,182.20 Up 0.06%
    Nifty 50 10,733.30 Up -0.06%
    S&P BSE 200 4,718.66 Up -0.10%
    Nifty 500 9,486.15 Up -0.11%
    S&P BSE Mid-Cap 16,963.75 Up -0.28%
    S&P BSE Small-Cap 18,390.28 Up -0.06%
  • 11:45 AM

    Top BSE500 gainers

    SCHNEIDER ELECT. 130.30 17.10 15.11 445347
    REL. COMM. 17.05 1.80 11.80 10057877
    TRIVENI TURBINE 106.50 7.20 7.25 14567
    ORIENT CEMENT 148.45 9.05 6.49 4962
    WELSPUN INDIA 60.25 3.15 5.52 292797
  • 11:29 AM

    Breakout above 10,650 on Nifty is a positive
    The Nifty has continued its northwards journey, pushing through resistance between 10,650 and 10,700. The index is well above the 200-day moving average (200-DMA) and there is a likely short-term target of 10,900. While the short-term and intermediate trends are up, the index will have to cross the all-time high of 11,170 to confirm that the big bull market remains alive.
  • 11:16 AM

    Half of BSE 500, Sensex stocks are once again trading above 200-DMA
    Half of Sensex and BSE 500 stocks are once again trading above their 200-day moving average (DMA) following last month’s broad-based rally in the market. This is a sharp reversal of trend compared to March, when three-fourths of the BSE 500 stocks had dipped below their long-term averages.

    In April, the benchmark Sensex rallied 6.7 per cent, while the BSE Midcap, BSE Smallcap and BSE 500 indices surged 6.6 per cent, 8.3 per cent and 6.5 per cent, respectively. Experts say the rebound was triggered by a better-than-expected start to the March quarter earnings season, easing of geopolitical concerns and normal forecasts for the monsoon.

  • 11:00 AM

    HCL Technologies falls 5% as Q4 profit misses estimates
    HCL Technologies dipped 5% to Rs 1,002 on the BSE in early morning trade after the IT company reported a lower than expected 1.5% quarter on quarter rise in its net profit at Rs 22.27 billion in March quarter (Q4FY18). Revenue grew 2.9% at Rs 131.79 billion over the previous quarter. Analysts on an average had expected profit of Rs 22.88 billion on revenue of Rs 132.19 billion for the quarter.
  • 10:47 AM

    Schneider Electric Infra surges 19% as parent co agrees to buy L&T unit
    Schneider Electric Infrastructure has surged 19% to Rs 135 on the BSE on back of heavy volumes after parent company Schneider Electric entered into a definitive agreement with Larsen & Toubro (L&T) to buy its electrical & automation (E&A) business for an all-cash consideration of Rs 140 billion.
    Schneider Electric Infrastructure is subsidiary of Schneider Electric, in which the French multinational owns a 75% stake.
  • 10:29 AM

    BS Special Indian IT’s big four: Will the next decade be as good as the previous one?

    Last week TCS reached a historical landmark when its market cap hit the $100 billion mark. India’s top four IT service companies viz., TCS, Infosys, WIPRO and HCL Technologies collectively built a revenue base of around $45 billion and created a market cap of around $183 billion (over Rs 12 trillion), which is significantly more than the overall BSE market cap at the start of this century! The combined annual wage bill of these four giants now stands at around $24 billion (Rs 1.60 trillion).

  • 10:14 AM

    Tata Motors up 3% on strong domestic sales in April
    Shares of Tata Motors were trading 3% higher at Rs 352 per share on the BSE in early morning trade after the company reported a rise of 86% in its domestic sales at 53,511 units for April 2018. It had sold 28,844 units in the same month last year.
    In April 2018, the registered an impressive growth over last year due to the continued strong sales performance of its commercial and passenger vehicles business in the domestic market, Tata Motors said in a press release.
  • 09:59 AM

    Market Check

    S&P BSE Sensex 35,149.86 Up -0.03%
    Nifty 50 10,738.90 Up -0.00%
    S&P BSE 200 4,721.50 Up -0.04%
    Nifty 500 9,499.75 Up 0.03%
    S&P BSE Mid-Cap 17,022.31 Up 0.06%
    S&P BSE Small-Cap 18,413.14 Up 0.06%
  • 09:45 AM

    Rupee fall may push up input cost further for Indian companies
    The Indian rupee’s recent slide is not merely a routine volatility, but something that could be here to stay, experts have started cautioning. If rupee continues to slide, it would pose a challenge at many levels, not the least on inflation. India imports 70 per cent of its oil requirements, and with crude oil prices rising, the import cost has already gone up.
    A falling rupee would make imports even more costlier. A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
  • 09:29 AM

    After dream run, Indian markets likely to run into rough weather
    After posting its biggest monthly jump in two years, the Indian market is likely to face resistance if oil prices rise further and the rupee’s slide continues. Political uncertainty, possibility of disappointment in earnings of banks and a surge in stock valuations — following a seven per cent jump in the benchmark S&P BSE Sensex last month — could exert downward pressure on the equity markets.
    “Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation,” says Vinod Karki, vice-president (strategy), ICICI Securities.
  • 09:21 AM

    Tata Motors up over 2% after April sales grew 86%

  • 09:19 AM

    Sectoral Trend

  • 09:18 AM

    Top Sensex gainers and losers

  • 09:16 AM

    Markets at Open

    At 9:16 am, the S&P BSE Sensex was trading at 35,299 up 139 points while the broader Nifty50 index was ruling at 10,774 up 33 points

  • 09:06 AM


    ·         Maruti Suzuki sales rose 14.4% to 1.72 lakh units.
    ·         Tata Motors sales grew 86% to 53,511 units.
    ·         Mahindra & Mahindra sales were 22% higher at 48,097 units.
    ·         Eicher Motors sales jumped 27% at 76,187 units.
    ·         TVS Motor Company sales grew 24% to 3.04 lakh units.
    ·         Escorts sales rose 26.3% at 6,186 units.
    ·         IHH raises Fortis Healthcare bid to Rs 175 per share.
    ·         Munjals-Burmans increase Fortis offer to Rs 1,800 crore.
    ·         M&M to acquire up to 10% equity in Canada’s Resson Aerospace Corp for about Rs 34.5 crore.
    ·         Max, Exide Life shortlisted for IDBI Federal Life Insurance stake sale; valuation likely to be over Rs 6,000 crore: Economic Times.
    ·         L&T will sell electrical and automation division to Schneider for Rs 14,000 crore.
    ·         BHEL gets 900 MW Nepal Hydropower project orders.
    ·         Mahindra Lifespaces joint venture gets multi-product notification for its special economic zones.
    ·         Lakshmi Vilas Bank sets one-year MCLR at 9.45% from May 1.
    ·         Mastek wins contract for U.K. Home Office Biometrics.
    ·         Maithan Alloys to set up 1.2 lakh tonne per annum ferro alloy plant in West Bengal.
    ·         Grasim Industries partially commissioned its expanded Vilayat facility.
    ·         MOIL says Ferro grade & fines prices have been reduced by 15% in Q1. 5% discount on 4 specific grade and prices of chemical grades of ore decreased by 7.5%.
    ·         Sudhir Valia to infuse Rs 3,510 crore into Jaypee Infra Projects in Noida
  • 09:04 AM

    HCL Tech fourth-quarter profit falls nearly 10 percent, misses estimates
    Indian Software Services ExporterHclTechnologiesLtd posted a 9.9 percent fall in its fourth-quarter net profit on Wednesday, hurt by higher expenses. Net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31, from 24.73 billion rupees in the same period a year earlier, Hcl said.
  • 09:02 AM

    Markets at pre-open

    Index Current Pt. Change % Change
    S&P BSE SENSEX 35,287.82 +127.46 +0.36
    S&P BSE SENSEX 50 11,284.23 +39.60 +0.35
    S&P BSE SENSEX Next 50 34,948.01 +67.54 +0.19
    S&P BSE 100 11,189.49 +36.52 +0.33
    S&P BSE Bharat 22 Index 3,606.40 +11.33 +0.32
  • 09:00 AM

    Trading Strategies for today from Equity99
    NIFTY Outlook: Nifty finds strong support at 10690 level, break will take it to 10630 level. On the upper side Nifty will face hurdle at 10765 level, cross over will take it to 10805 level.
    BANK NIFTY Outlook: BANK NIFTY finds support around 25355. Break will take it to 25205 level while 25615 will act as resistance, cross over will take it to 25725 level.
  • 08:57 AM

    Segment-wise numbers

  • 08:53 AM


  • 08:51 AM

    COMMENT Anil Chanana, CFO, HCL Technologies
    The revenues for FY’18 grew by 12.4% and the EBIT margin at 19.7%, both of which have been in the guided range. We continue to report industry leading revenue per employee of $66,406 on the back of our digital, cloud, cybersecurity, IoT and IP led product offerings. Profit to cash conversion has been healthy with Net Income to Operating Cash Flow at 99% and Return on Equity at 25.2%
  • 08:50 AM

    COMMENT C. Vijayakumar, President & CEO, HCL Technologies
    We conclude the fourth quarter and the financial year 2018 with an industry-leading performance backed by broadbased growth across verticals, robust client additions and accelerated revenues from Mode 2 and 3 Services.
    Our quarterly revenues have exceeded the $2 billion mark while our YoY revenues grew by 10.5% YoY. We remain confident of the new fiscal in light of the increasing relevance of our business offerings coupled with our strategic investments in technologies of the future
  • 08:49 AM

    COMMENT Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies
    The world is changing fast with rapid evolution and shifts in geo-political, social and business landscapes, making it imperative for responsible leaders like HCL to be at the forefront of innovation, technology, solutions and people readiness.
    We continue to make strategic investments for readiness, in face of these imminent shifts. With the commitment to give back to the society, we continue to build sustainable and scalable models of positive social impact

    Shiv Nadar

    Shiv Nadar
  • 08:47 AM

    Derivative Strategy on SBI by Motilal Oswal Securities
    BUY 1 LOT OF 245 CALL
    SELL 1 LOT OF 260 CALL
    KEEP SPREAD STOP LOSS OF : 2.50 POINTS (Risk of Rs. 7,500/-)
    KEEP SPREAD TARGET OF : 10 POINTS (Reward of Rs. 15,000/-)
    Double bottom pattern with a Hammer candle on weekly scale
    Positive divergence on Price and Oscillators, turning from deep oversold territory
    Call unwinding and fresh Put writing at 240, 245 and 250 strikes
    Expecting a short term bottom led by short covering, thus suggesting Bull Call Spread to play the bounce
  • 08:47 AM

    NEWS ALERT FY’19 expected Operating Margin (EBIT) range is from 19.5% to 20.5%: HCL Tech

  • 08:45 AM

    NEWS ALERT To pay an interim dividend of Rs 2 per share: HCL Tech

  • 08:44 AM

    NEWS ALERT FY19 revenue growth at 9.5 – 11.5% in constant currency: HCL Tech

  • 08:44 AM

    NEWS ALERT HCL Tech Q4 net at Rs 22.28 billion vs Rs 24.73 billion y-o-y

  • 08:44 AM

    Nifty outlook and top stock picks from Motilal Oswal Securities
    Nifty index continued its positive momentum and headed towards 10759 levels. It has formed a Bullish Candle on the daily chart which indicates that bulls are holding the tight grip on the market. It is forming higher highs – higher lows on daily scale from last three trading sessions which indicates that supports are gradually shifting higher. Now it has to continue to hold above 10680 zones to extend its move towards 10800 then 10830 zones while on the decline supports are seen at 10638 then 10580 levels.
  • 08:41 AM

    Today’s picks: From Bharti Infratel to TCS hot stocks to watch on Wednesday
    Bharti Infratel
    Current price: Rs 313
    Target price: Rs 307
    Keep a stop at Rs 317 and go short. Add to the position between Rs 308 and Rs 309. Book profits at Rs 307.
  • 08:37 AM

    Top trading ideas from Prabhudas Lilladher: Buy Jet Airways, Siemens
    CMP: Rs 643.25 
    TARGET: Rs 700 
    STOP LOSS: Rs 610
    The stock has been in consolidation for quite some time at around 615 levels and currently has indicated a bullish candle pattern in the daily chart to signify strength and potential to rise further from here on to scale upto 690-700 levels. The RSI has shown a trend reversal and has indicated a positive bias in the current scenario. With good volume participation visible, we recommend a buy in this stock for an upside target of 700 keeping a stop loss of 610.
  • 08:34 AM

    Markets on Monday

    S&P BSE Sensex 35,160.36 Up 0.55%
    Nifty 50 10,739.35 Up 0.44%
    S&P BSE 200 4,723.51 Up 0.55%
    Nifty 500 9,496.50 Up 0.56%
    S&P BSE Mid-Cap 17,012.03 Up 0.56%
    S&P BSE Small-Cap 18,401.67 Up 0.89%
  • 08:32 AM

    SGX Nifty

    The SGX Nifty was at 10,751, down 0.10 per cent from the previous close.

  • 08:31 AM

    Asian Markets

    Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.
    MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan’s Nikkei eased 0.2 per cent and South Korea’s KOSPI slipped 0.3 per cent.
  • 08:30 AM

    Wall Street

    On Wall Street, the S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.
    The Dow Jones Industrial Average fell 64.1 points (0.27 per cent) to 24,099.05, the S&P 500 gained 6.75 points (0.25 per cent) to 2,654.8 and the Nasdaq Composite added 64.44 points (0.91 per cent) to 7,130.70.

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