Sensex Plunges 1,457 Points On Fed Worries; Nifty Dips Below 15,800

RTTNews | Před 1197 dny
Sensex Plunges 1,457 Points On Fed Worries; Nifty Dips Below 15,800

(RTTNews) - Indian shares nosedived on Monday amid concerns that the U.S. Federal Reserve may raise interest rates aggressively to control inflation.

Hotter-than-expected inflation data released on Friday hardened expectations the Federal Reserve will keep raising rates through the September meeting and beyond.

Rising oil prices and a COVID-19 warning from Beijing also added to concerns about slowing global growth.

Closer home, investors awaited the release of inflation report later in the day for clues on whether the MPC will continue to frontload policy tightening over the coming months.

The benchmark S&P BSE Sensex ended the session down 1,456.74 points, or 2.68 percent, at 52,846.70 amid across-the-board selling. The broader NSE Nifty index fell by 427.40 points, or, 2.64 percent, to 15,774.40.

Among the prominent decliners, Hindalco, IndusInd Bank, Tata Motors, Bajaj Finance and Bajaj FinServ tumbled 5-7 percent.

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KOSPI May Extend Its Gains On Tuesday

KOSPI May Extend Its Gains On Tuesday

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at a fresh record closing high, the KOSPI sits just beneath the 3,470-point plateau and it may tick higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KOSPI finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares, chemicals and technology stocks. For the day, the index added 23.41 points or 0.68 percent to finish at 3,468.65 after trading between 3,458.87 and 3,482.25. Volume was 280.84 million shares worth 11.84 trillion won. There were 545 decliners and 332 gainers. Among the actives, Shinhan Financial fell 0.43 percent, while KB Financial collected 0.34 percent, Hana Financial dipped 0.33 percent, Samsung Electronics surged 4.77 percent, Samsung SDI rallied 2.82 percent, LG Electronics improved 0.76 percent, SK Hynix shed 0.57 percent, Naver sank 0.85 percent, LG Chem jumped 1.69 percent, Lotte Chemical lost 0.76 percent, SK Innovation perked 0.19 percent, POSCO Holdings dropped 0.88 percent, SK Telecom slumped 0.72 percent, KEPCO advanced 0.98 percent, Hyundai Mobis strengthened 1.46 percent, Hyundai Motor accelerated 1.87 percent and Kia Motors rose 0.30 percent.
RTTNews | Před 29 minutami
U.S. Dollar Declines Amid Rate Cut Hopes

U.S. Dollar Declines Amid Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Monday, amid growing expectations of future rate cuts from the Federal Reserve.
RTTNews | Před 56 minutami
Singapore Inflation Data Due On Tuesday

Singapore Inflation Data Due On Tuesday

Singapore will on Tuesday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In July, overall inflation was down 0.5 percent on month and up 0.6 percent on year, while core CPI rose an annual 0.5 percent,
RTTNews | Před 1 h 29 min
Swiss Market Settles Marginally Up

Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.
RTTNews | Před 5 h 37 min
European Stocks Close Mostly Lower After Cautious Session

European Stocks Close Mostly Lower After Cautious Session

European stocks closed mostly weak on Monday amid geopolitical tensions, and the Trump administration's announcement of sweeping changes to the H-1B visa regime. Profit warnings by a few major auto companies weighed as well.
RTTNews | Před 6 h 2 min
TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

After moving to a new record high thanks to strong buying in the materials sector, the Canadian market remains fairly well placed in positive territory a little past noon on Monday. Amid geopolitical tensions and rising bets on more monetary easing by the Federal Reserve this year, gold and silver prices have risen sharply today, triggering hectic buying in the materials sector.
RTTNews | Před 7 h 14 min
Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled

Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled

Western United Fish Co., dba Annasea Foods Group, is recalling around 3,300 pounds of Kirkland Signature Ahi Tuna Wasabi Poke sold at Costco stores due to potential contamination with Listeria monocytogenes, according to the U.S. Food and Drug Administration.
RTTNews | Před 11 h 4 min