Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

RTTNews | Před 1 dnem

(RTTNews) - Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

The Ministry of External Affairs has said that it is unjustified and unreasonable for India to be targeted by the United States and the European Union.

In a statement, the Ministry asserted that India would take all necessary measures to safeguard its national interests and economic security.

Traders also looked ahead to Reserve Bank of India's monetary policy decision on Wednesday, with economists split on whether RBI's monetary policy board will continue cutting rates amid U.S. tariff shock and growth risks.

The benchmark BSE Sensex was down 382 points, or half a percent, at 80,636 in early trade while the broader NSE Nifty index dipped by 108 points, or 0.4 percent, to 24,615.

Bharti Airtel was up half a percent while Adani Ports dropped 1.4 percent ahead of their earnings results due today.

HDFC Bank, Sun Pharma, Reliance Industries, BEL and Infosys all were down around 1 percent.

Aurobindo Pharma fell over 1 percent on reporting a 10 percent fall in Q1 profit.

DLF declined 1.2 percent despite reporting 18 percent growth in Q1 consolidated net profit.

Delta Corp gained more than 1 percent as quarterly profit surged 36 percent year-on-year.

Godfrey Phillips soared 9 percent after its board approved a 2:1 bonus issue.

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.

RTTNews | Před 2 h 21 min

European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes

European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.

RTTNews | Před 2 h 52 min

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.

RTTNews | Před 3 h 41 min

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

RTTNews | Před 6 h 14 min

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.

RTTNews | Před 7 h 42 min

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | Před 7 h 51 min

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

RTTNews | Před 8 h 24 min

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

RTTNews | Před 8 h 41 min

EURUSD	1.16544	GBPUSD	1.33563	AUDUSD	0.65033
USDJPY	147.238	USDCAD	1.37429	USDCHF	0.80656

Advertisement

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat