Sensex, Nifty Plunge As Banks And Metal Stocks Drag

RTTNews | hace 576
Sensex, Nifty Plunge As Banks And Metal Stocks Drag

(RTTNews) - Indian shares ended deep in the red on Wednesday as hawkish signals from Fed and ECB officials coupled with signs of an uptick in inflation in the U.K. and Eurozone raised more doubts about the prospects for early rate cuts.

China reported fourth-quarter GDP figures slightly below expectations and analysts expressed concern about HDFC Bank's Q3 margins, adding to the downbeat sentiment.

The benchmark S&P BSE Sensex plummeted 1,628.01 points, or 2.23 percent, to 71,500.76 - suffering its biggest single-day percentage loss since June 2022.

The broader NSE Nifty index slumped 460.35 points, or 2.09 percent, to close at 21,571.95.

HDFC Bank plunged 8.2 percent following its Q3 earnings results release.

Tata Steel, Kotak Mahindra Bank, Axis Bank and Hindalco fell 3-4 percent.

Treasury yields edged higher in international markets and the dollar steadied at a one-month high amid a risk-off market mood after Federal Reserve Governor Christopher Waller indicated in a speech that inflation is nearing its target, but the timing and rate cuts will depend on incoming data.

Several ECB policymakers also warned that markets are getting ahead on rate cut expectations.

read more
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
RTTNews | hace 30 minutos
European Stocks Close Mixed After Cautious Session

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
RTTNews | hace 48 minutos
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | hace 2h 26min
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | hace 2h 43min
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | hace 3h 12min
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
RTTNews | hace 3h 37min
U.S. Import Price Growth Exceeds Estimates In July

U.S. Import Price Growth Exceeds Estimates In July

The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.
RTTNews | hace 4h 11min