Sensex, Nifty Tumble Ahead Of Fed Minutes

RTTNews | vor 874 Tagen
Sensex, Nifty Tumble Ahead Of Fed Minutes

(RTTNews) - Indian shares fell sharply on Wednesday, as risk aversion gripped markets ahead of the release of Federal Reserve's December meeting minutes later in the day that might contain hawkish comments from U.S. policymakers.

Falling oil prices, gains in rupee and encouraging data on India's services sector failed to aid sentiment.

India's service sector activity expanded at the fastest pace in six months amid robust inflow of new orders and favorable market conditions, results of the purchasing managers' survey by S&P Global showed. The corresponding PMI climbed to 58.5 in December from 56.4 in November.

The benchmark S&P BSE Sensex ended the session down 636.75 points, or 1.04 percent, at 60,657.45 after two days of gains.

The broader NSE Nifty index settled 189.60 points, or 1.04 percent, lower at 18,042.95, dragged down by commodity-related stocks.

ONGC, Tata Steel, Coal India, Hindalco and JSW Steel fell 2-4 percent amid concerns over the current COVID-19 situation in China and expectations of an impending global recession.

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China Stock Market Due For Support On Wednesday

China Stock Market Due For Support On Wednesday

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RTTNews | vor 20 Minuten
Australian Market Notably Higher

Australian Market Notably Higher

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Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
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Singapore Bourse May Reclaim 3,900-Point Level

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Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

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Win Streak May Continue For Japan Stock Market

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The Japan stock market has tracked higher in three straight sessions, accelerating almost 750 points or 2 percent along the way. The Nikkei 225 now sits just shy of the 27,725-point plateau and it may add to its winnings again on Wednesday.
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KOSPI Expected To Erase Tuesday's Losses

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The South Korea stock market headed south again on Tuesday, one day after ending the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,635-point plateau although it's expected to rebound again on Wednesday.
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New Zealand Rate Decision On Tap For Wednesday

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RTTNews | vor 3Std 20 Minuten