Sensex, Nifty Tumble On US Fiscal Concerns

RTTNews | vor 75 Tagen
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
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | vor 46 Minuten
Indonesia GDP Growth Fastest In 2 Years

Indonesia GDP Growth Fastest In 2 Years

Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.
RTTNews | vor 2Std 0 Minuten
China Services Growth Fastest Since May 2024

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
RTTNews | vor 3Std 11 Minuten
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
RTTNews | vor 3Std 36 Minuten
European Shares Set To Open On Firm Note

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
RTTNews | vor 3Std 40 Minuten
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | vor 4Std 42 Minuten
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
RTTNews | vor 5Std 46 Minuten