Sensex Drops Over 500 Points On Fed Worries; Nifty Dips Below 19,350

RTTNews | il y a 780
Sensex Drops Over 500 Points On Fed Worries; Nifty Dips Below 19,350

(RTTNews) - Indian shares ended notably lower on Friday, with financials losing ground as upbeat U.S. economic data released overnight added to concerns about the outlook for interest rates following Wednesday's hawkish Federal Reserve minutes.

Signs of a resilient U.S. economy supported the dollar and lifted bond yields, weighing on risk sentiment.

Investors also awaited the U.S. monthly jobs report later in the day for additional clues on the economic and rate outlook.

The benchmark S&P/BSE Sensex ended the session down 505.19 points, or 0.77 percent, at 65,280.45, while the broader NSE Nifty index dropped 165.50 points, or 0.85 percent, to 19,331.80.

NTPC, IndusInd Bank, Apollo Hospitals Enterprise, Power Grid Corp and Adani Ports fell 2-3 percent in the Nifty pack while Tata Motors rallied 3.7 percent to hit a record high after reporting robust JLR sales for the April-June quarter.

Titan Company added 1.2 percent on positive Q1 update.

The rupee declined to its lowest level in a month while oil prices were on track for a second consecutive weekly gain after data showed a big drop in U.S. crude inventories.

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Sensex, Nifty Deep In The Red On Tariff Worries

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | il y a 47 minutes
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | il y a 2h 0min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | il y a 2h 21min
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 3h 32min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | il y a 3h 59min
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 4h 2min
Hong Kong Shares May Be Stuck In Neutral On Tuesday

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | il y a 4h 17min