Sensex Slumps 774 Points; Nifty Ends Below 17,900

RTTNews | vor 845 Tagen
Sensex Slumps 774 Points; Nifty Ends Below 17,900

(RTTNews) - Indian shares tumbled on Wednesday due to selling pressure in Adani Group shares and financials.

The benchmark S&P/BSE Sensex ended the session down 773.69 points, or 1.27 percent, at 60,205.06 as lingering recession worries spurred caution ahead of the Republic Day holiday for markets on Thursday.

The broader NSE Nifty index settled 226.35 points, or 1.25 percent, lower at 17,891.95 amid the expiry of January series derivative contracts.

Adani Group shares led losses after an international research firm alleged in a report that the conglomerate is involved in 'brazen stock manipulation and accounting fraud scheme'.

Adani Ports plunged 6.1 percent, Adani Transmission lost 8 percent and Adani Power plummeted 5 percent.

Adani Group's Chief Financial Officer, Jugeshinder Singh has called the Hindenburg Research report malicious.

Other prominent losers included HDFC, HDFC Bank, IndusInd Bank, SBI, which fell 2-4 percent.

read more
Euro Retreats Against Majors

Euro Retreats Against Majors

The euro retreated against its major counterparts in the New York session on Monday.
RTTNews | vor 1Std 3 Minuten
Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
RTTNews | vor 3Std 35 Minuten
Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.
RTTNews | vor 6Std 26 Minuten
U.S. Leading Economic Index Slumps More Than Expected In April

U.S. Leading Economic Index Slumps More Than Expected In April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.
RTTNews | vor 6Std 46 Minuten
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews | vor 7Std 54 Minuten
Dollar Index Extends Gains On Trade Deal Optimism

Dollar Index Extends Gains On Trade Deal Optimism

Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
RTTNews | vor 9Std 19 Minuten
FTSE 100 Drifts Lower In Cautious Trade

FTSE 100 Drifts Lower In Cautious Trade

U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.
RTTNews | vor 9Std 55 Minuten