Sensex, Nifty Tumble On Weak Global Cues

RTTNews | vor 407 Tagen
Sensex, Nifty Tumble On Weak Global Cues

(RTTNews) - Indian shares opened sharply lower on Monday as a weak July U.S. jobs report as well as disappointing earnings from the likes of Intel and Amazon ignited worries that the world's largest economy could be falling into a recession under the weight of the Federal Reserve's policy of high interest rates.

The benchmark S&P/BSE Sensex was down 1,550 points, or 1.9 percent, at 79,531 in early trade, mirroring a global sell-off. The broader NSE Nifty index dipped 478 points, or 1.9 percent, to 24,239.

LTIMindTree, Shriram Finance, Hindalco, ONGC and Tata Motors tumbled 3-4 percent in the Nifty pack while Britannia Industries and Sun Pharma both rose over 1 percent on defensive buying.

Bank of India slumped 4 percent as it reported a 10 percent rise in quarterly profit. NTPC dropped 2.1 percent after 3.66 million shares of the company changed hands in a block trade.

Divis Laboratories fell 1.8 percent despite reporting 21 percent year-on-year growth in Q1 net profit.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,850 level, with gains across most sectors led by mining and technology shares.
RTTNews | vor 1Std 16 Minuten
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a "certainty." Asian markets closed mixed on Monday.
RTTNews | vor 1Std 25 Minuten
Thai Shares May Crack Resistance At 1,300 Points

Thai Shares May Crack Resistance At 1,300 Points

The Thai stock market has moved higher in seven straight sessions, adding more than 45 points or 3.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau and it may tick higher again on Tuesday.
RTTNews | vor 2Std 37 Minuten
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the green, and briefly slipping in to the red, recouping the losses in the previous session, following the positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in automakers and technology stocks partially offset by weakness in financial stocks.
RTTNews | vor 3Std 3 Minuten
Indonesia Bourse May Challenge 8,000-Point Level

Indonesia Bourse May Challenge 8,000-Point Level

The Indonesia stock market has moved higher in four straight sessions, advancing more than 300 points or 4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,940-point plateau and it may extend its gains again on Tuesday.
RTTNews | vor 3Std 7 Minuten
Hong Kong Stock Market May See Additional Support

Hong Kong Stock Market May See Additional Support

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 360 points or 1.4 percent in that span. The Hang Seng Index now sits just beneath the 26,450-point plateau and it's expected to open in the green again on Tuesday.
RTTNews | vor 3Std 22 Minuten