Sensex, Nifty End Sharply Lower After Late Selling

RTTNews | vor 974 Tagen
Sensex, Nifty End Sharply Lower After Late Selling

(RTTNews) - Indian shares tumbled on Tuesday to extend losses for a third straight session, tracking weakness across other global markets.

Risk aversion gripped world markets amid an escalation in the Ukraine war, rising COVID infections in China, heightened U.S. tech crackdowns, an unnerving collapse in British gilts and hawkish comments from Fed officials on the future path of interest-rate rises.

Concerns about moderating growth for the IT sector going ahead and caution ahead of September's retail inflation data, due to be released on Wednesday, also dented sentiment.

Domestic markets moved in a tight range in the morning session before succumbing to heavy selling pressure in the late afternoon deals.

The benchmark S&P/BSE Sensex ended the session down 843.79 points, or 1.46 percent, at 57,147.32, while the broader NSE Nifty index slipped 257.45 points, or 1.49 percent, to close at 16,983.55.

Nestle India, Eicher Motor, IndusInd Bank, JSW Steel and Divis Laboratories fell 3-5 percent in the Nifty pack, while Axis Bank and Adani Enterprises both rose about 1 percent.

TCS fell 1.8 percent after the company said it is seeing some caution for longer term deals.

Infosys lost 2.6 percent, Tech Mahindra tumbled 2.5 percent, Wipro gave up 2 percent and HCL Technologies declined 1.9 percent.

read more
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | vor 41 Minuten
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | vor 1Std 50 Minuten
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | vor 2Std 57 Minuten
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | vor 3Std 6 Minuten
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | vor 3Std 7 Minuten
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | vor 3Std 10 Minuten