Sensex, Nifty Tumble On US Fiscal Concerns

RTTNews | Před 77 dny
Sensex, Nifty Tumble On US Fiscal Concerns

(RTTNews) - Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.

The benchmark 30-share BSE Sensex tumbled 800 points, or 1 percent, to 80,794 in early trade while the broader NSE Nifty index was down 265 points, or 1.1 percent, at 24,548.

ITC, Infosys, Hindustan Unilever, Mahindra & Mahindra, Nestle India, HCL Technologies, Tech Mahindra and Power Grid Corp lost 2-3 percent.

Grasim, ITC and Sun Pharma fell around 1 percent ahead of their earnings results due today.

InterGlobe Aviation, the parent company of budget carrier IndiGo, declined 1.4 percent amid concerns that the Indian government may not extend its leasing agreement with Turkish Airlines.

IRCON International dropped 1 percent on reporting a 14 percent fall in Q4 net profit.

Nalco rallied 3.3 percent after quarterly profit surged twofold.

IndusInd Bank rose nearly 2 percent despite posting a net loss of Rs. 2,236 crores in Q4.

read more
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | Před 35 minutami
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | Před 1 h 8 min
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | Před 1 h 48 min
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | Před 2 h 19 min