Sensex, Nifty Snap 8-day Winning Streak; Automakers Top Losers

RTTNews | hace 902
Sensex, Nifty Snap 8-day Winning Streak; Automakers Top Losers

(RTTNews) - Indian shares fell notably on Friday to snap an eight-day winning streak, with auto, FMCG and IT stocks leading losses.

Benchmark indexes fell from record highs as caution prevailed ahead of key U.S. jobs data due later in the day that is expected to show a sizable slowdown in hiring.

Recession fears returned to haunt investors after data released on Thursday showed global factory output fell widely last month, with U.S. manufacturing declining for the first time since May 2020.

The benchmark S&P BSE Sensex fell 415.69 points, or 0.66 percent, to 62,868.50 after eight consecutive sessions of gains and a record-breaking closing streak of six days. The broader NSE Nifty index settled 116.40 points, or 0.62 percent, lower at 18,696.10.

Among the prominent decliners, Hindustan Unilever, Hero MotoCorp, Mahindra & Mahindra, Tata Consumer Products and Eicher Motors lost 2-3 percent. TCS and Infosys fell around 1 percent each in the IT pack.

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Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

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Yen Rises Against Majors

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The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | hace 2h 46min
Sensex, Nifty Tumble On US Fiscal Concerns

Sensex, Nifty Tumble On US Fiscal Concerns

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.
RTTNews | hace 3h 12min
Australian Market Slightly Trims Early Losses In Mid-market

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RTTNews | hace 4h 1min