Sensex Today Live | Share Market Updates: Sensex and Nifty closed flat on Wednesday dragged by losses led by banking and financial heavyweights amid weak global cues as investors remained cautious ahead of key macroeconomic numbers in India and US.
FIIs continued their selling streak on Wednesday as domestic benchmark indices settled flat. The DIIs were net buyers again and invested ₹1,323 crore during the session.
Data on gross domestic product (GDP) showed that the US economy expanded 2.1% in the second quarter, slower than a preliminary estimate of 2.4%.
31 Aug 2023, 07:29:45 AM IST
Sensex Today Live | Share Market Updates: Wall Street ends higher, chipping away at losses for August
Stocks ended modestly higher Wednesday, extending Wall Street’s recent winning streak to its fourth day in a row and chipping away more of the market’s losses this month.
After a choppy day of trading, the S&P 500 closed 0.4% higher. The benchmark index remains down 1.6% for August, with one trading day left in the month. The Dow Jones Industrial Average edged up 0.1%, while the Nasdaq composite added 0.5%.
Wall Street’s focus this week remains a broad mix of data that investors hope will paint a clearer picture of where the economy is headed and whether the Federal Reserve has enough reason to hold off on further interest rate hikes.
A survey of private-sector employers in the U.S. showed that hiring cooled more than expected by economists. The report reinforces the latest government data on job openings from Tuesday, which also showed that hiring is cooling somewhat.
The U.S. downgraded its economic growth estimate for the second quarter to an annual rate of 2.1% from 2.4%. Economists had forecast that the gross domestic product, or GDP, assessment would remain unchanged though it still marks a slight increase from growth of 2% during the first quarter. (AP)
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