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Sensex, Nifty Modestly Lower As Adani Group Stocks Tumble

RTTNews | vor 534 Tagen

Sensex, Nifty Modestly Lower As Adani Group Stocks Tumble

(RTTNews) - Indian shares traded lower on Monday, though the downside remained capped after Chinese industrial output and retail sales data beat expectations.

The benchmark S&P BSE Sensex dipped 177 points, or 0.2 percent, to 72,465 in early trade while the broader NSE Nifty index was down 59 points, or 0.3 percent, at 21,964.

Adani Group stocks tumbled on news that U.S. prosecutors have widened their probe on the Group, with focus on potential bribery and the actions of its billionaire founder, Gautam Adani.

Adani Enterprises was down 3.7 percent, Adani Ports lost 3.5 percent and Adani Power dropped 1.4 percent.

Asian Paints, Power Grid Corp and UPL fell 1-2 percent while Apollo Hospitals Enterprise, Tata Steel, JSW Steel and Mahindra & Mahindra rallied 1-3 percent.

Zee Entertainment Enterprises advanced 1.5 percent on reports the company is restructuring its operations following a failed merger with Sony.

NHPC climbed 1.2 percent after winning a contract for a 200 MW solar power project in Gujarat.

RailTel Corp gained 1.6 percent on securing a work order worth Rs. 130 crores from the State Project Director (SPD) of the Bihar Education Project Council (BEPC).

DroneAcharya Aerial Innovations surged 4.5 percent on winning a contract to supply IT hardware for the Indian Army's Drone Lab in Jammu and Kashmir.

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Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | vor 13 Minuten

Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | vor 15 Minuten

China Shares May Take Further Damage On Wednesday

China Shares May Take Further Damage On Wednesday

The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.

RTTNews | vor 28 Minuten

Taiwan Bourse May Extend Losing Streak

Taiwan Bourse May Extend Losing Streak

The Taiwan stock market has finished lower in four straight sessions, slumping more than 500 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 24,000-point plateau and it may take further damage on Wednesday.

RTTNews | vor 1Std 0 Minuten

Singapore Shares: Resistance Expected At 4,300 Points

Singapore Shares: Resistance Expected At 4,300 Points

The Singapore stock market has moved higher in five straight sessions, collecting more than 50 points or 1.2 percent in that span. The Straits Times Index now sits just shy of the 4,300-point plateau, although it may run out of steam on Wednesday.

RTTNews | vor 1Std 28 Minuten

Malaysia Shares May See Renewed Consolidation On Wednesday

Malaysia Shares May See Renewed Consolidation On Wednesday

The Malaysia stock market on Tuesday snapped the two-day slide in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may head south again on Wednesday.

RTTNews | vor 1Std 53 Minuten

Japan Stock Market May Hand Back Tuesday's Gains

Japan Stock Market May Hand Back Tuesday's Gains

The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | vor 2Std 14 Minuten

South Korea Shares May Head South Again On Wednesday

South Korea Shares May Head South Again On Wednesday

The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.

RTTNews | vor 2Std 31 Minuten

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