Indian Shares Tumble On US Rate Hike Concerns

RTTNews | hace 1001
Indian Shares Tumble On US Rate Hike Concerns

(RTTNews) - Indian shares opened lower on Thursday, mirroring weak global cues on concerns about aggressive interest rate hikes by the U.S. Federal Reserve.

The dollar spiked and Treasury yields hit fresh highs after Cleveland Fed President Loretta Mester said policy makers should raise rates beyond 4 percent and deliver no rate cuts in 2023.

The benchmark S&P/BSE Sensex fell 490 points, or 0.8 percent, to 59,050 in early trade, while the broader NSE Nifty index was down 150 points, or 0.8 percent, at 17,610.

IT, financials and metal stocks were among the worst hit, with Infosys, SBI Life, TCS and Hindalco losing 2-3 percent.

ONGC fell 2.4 percent as oil extended recent losses on concerns over lower China demand.

SpiceJet slumped 6.5 percent after widening its quarterly net loss.

Tata Motors edged up slightly after it completed the acquisition of 100 percent stake in Tata Marcopolo Motors Limited.

read more
CAC 40 Moderately Higher Amid Easing Trade Tensions

CAC 40 Moderately Higher Amid Easing Trade Tensions

Amid easing trade war concerns following a U.S. court ruling against the sweeping tariffs announced by President Donald Trump, French stocks are moving higher on Thursday, recovering well after previous session's weakness.
RTTNews | hace 1h 7min
DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

German stocks are up in positive territory on Thursday amid easing trade tensions following a U.S. Federal Court ruling that President Donald Trump had overstepped his authority by imposing across-the-board duties on imports from U.S. trade partners.
RTTNews | hace 1h 25min
Sensex, Nifty End Lackluster Session Modestly Higher

Sensex, Nifty End Lackluster Session Modestly Higher

Indian shares ended higher on Thursday, recovering from losses earlier in the session due to concerns over liquidity drain amid a wave of block deals initiated by promoters or private equity funds in recent sessions.
RTTNews | hace 1h 36min
NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

Shares of Nvidia Corp. gained around 5 percent in the extended trading on Wednesday and is currently up around 6 percent in the pre-market activity on the Nasdaq, after the artificial intelligence chipmaker reported significantly higher earnings in its first quarter, despite an expected $4.5 billion charge associated with H20 AI chip export barring to China. Revenues were 69 percent higher...
RTTNews | hace 2h 8min
Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.
RTTNews | hace 5h 26min