Sensex Plunges 1,457 Points On Fed Worries; Nifty Dips Below 15,800

RTTNews | hace 1147
Sensex Plunges 1,457 Points On Fed Worries; Nifty Dips Below 15,800

(RTTNews) - Indian shares nosedived on Monday amid concerns that the U.S. Federal Reserve may raise interest rates aggressively to control inflation.

Hotter-than-expected inflation data released on Friday hardened expectations the Federal Reserve will keep raising rates through the September meeting and beyond.

Rising oil prices and a COVID-19 warning from Beijing also added to concerns about slowing global growth.

Closer home, investors awaited the release of inflation report later in the day for clues on whether the MPC will continue to frontload policy tightening over the coming months.

The benchmark S&P BSE Sensex ended the session down 1,456.74 points, or 2.68 percent, at 52,846.70 amid across-the-board selling. The broader NSE Nifty index fell by 427.40 points, or, 2.64 percent, to 15,774.40.

Among the prominent decliners, Hindalco, IndusInd Bank, Tata Motors, Bajaj Finance and Bajaj FinServ tumbled 5-7 percent.

read more
Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | hace 18 minutos
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
RTTNews | hace 18 minutos
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
RTTNews | hace 33 minutos
Lower Open Predicted For China Stock Market

Lower Open Predicted For China Stock Market

The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.
RTTNews | hace 48 minutos
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | hace 48 minutos
Taiwan Stock Market Tipped To Open Under Pressure On Monday

Taiwan Stock Market Tipped To Open Under Pressure On Monday

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | hace 1h 18min
Singapore Shares May Take Further Damage On Monday

Singapore Shares May Take Further Damage On Monday

The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
RTTNews | hace 1h 48min