Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

RTTNews | hace 4
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

(RTTNews) - Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.

White House Trade Adviser Peter Navarro accused India of playing a "role in the bloodshed," in Ukraine by importing Russian oil, calling it a "laundromat for the Kremlin."

Traders also pared back wagers on imminent Federal Reserve interest-rate cuts and braced for Fed Chair Jerome Powell's speech at the Jackson Hole symposium.

The benchmark BSE Sensex tumbled 693.86 points, or 0.85 percent, to 81,306.85, snapping a six-day winning streak.

The broader NSE Nifty index fell 213.65 points, or 0.85 percent, to 24,870.10 while the BSE mid-cap and small-cap indexes ended down 0.2 percent and 0.4 percent, respectively.

The market breadth was weak on the BSE, with 2,308 shares falling while 1,777 shares advanced and 155 shares closed unchanged.

Among the prominent decliners, TCS, Adani Ports, Kotak Mahindra Bank, HCL Technologies, ITC, Tata Steel, UltraTech Cement and Asian Paints all fell around 2 percent.

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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

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RTTNews | hace 16 minutos
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

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RTTNews | hace 20 minutos
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | hace 1h 46min
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | hace 2h 5min
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

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RTTNews | hace 2h 16min
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | hace 2h 22min
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | hace 2h 31min
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | hace 2h 46min