Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

RTTNews | Před 2 dny
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

(RTTNews) - Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.

White House Trade Adviser Peter Navarro accused India of playing a "role in the bloodshed," in Ukraine by importing Russian oil, calling it a "laundromat for the Kremlin."

Traders also pared back wagers on imminent Federal Reserve interest-rate cuts and braced for Fed Chair Jerome Powell's speech at the Jackson Hole symposium.

The benchmark BSE Sensex tumbled 693.86 points, or 0.85 percent, to 81,306.85, snapping a six-day winning streak.

The broader NSE Nifty index fell 213.65 points, or 0.85 percent, to 24,870.10 while the BSE mid-cap and small-cap indexes ended down 0.2 percent and 0.4 percent, respectively.

The market breadth was weak on the BSE, with 2,308 shares falling while 1,777 shares advanced and 155 shares closed unchanged.

Among the prominent decliners, TCS, Adani Ports, Kotak Mahindra Bank, HCL Technologies, ITC, Tata Steel, UltraTech Cement and Asian Paints all fell around 2 percent.

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Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | Před 23 minutami
Australian Market Notably Higher

Australian Market Notably Higher

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RTTNews | Před 24 minutami
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

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RTTNews | Před 38 minutami
China Stock Market May Extend Winning Streak

China Stock Market May Extend Winning Streak

The China stock market has moved higher in three straight sessions, advancing almost 100 points or 2.9 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | Před 53 minutami
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The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 23,760-point plateau, although it's likely to bounce higher again on Monday.
RTTNews | Před 1 h 23 min
Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.
RTTNews | Před 1 h 53 min
Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

The Malaysia stock market has moved higher in two straight sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau and it's expected to open to the upside again on Monday.
RTTNews | Před 2 h 23 min
Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japan stock market on Friday halted the three-day losing streak in which it had stumbled more than 1,100 points or 2.7 percent. The Nikkei 225 now rests just above the 42,630-point plateau and it's expected to see additional support on Monday.
RTTNews | Před 2 h 39 min