Sensex, Nifty Decline As Covid-19 Cases Increase

RTTNews | il y a 1
Stocktwits
Sensex, Nifty Decline As Covid-19 Cases Increase

(RTTNews) - Indian shares were sharply lower on Tuesday, with rising Covid-19 cases in the country and U.S. tariff uncertainty keeping investors on edge.

Amid the resurgence of Covid-19 cases in Asia, India has logged 1009 active cases as of May 26.

The benchmark S&P BSE Sensex slumped 730 points, or 0.9 percent, to 81,445 in early trade while the broader NSE Nifty index tumbled 228 points, or 0.9 percent to 24,773.

Among the prominent decliners, ITC, TCS, Reliance Industries, Power Grid Corp, Tata Motors, Axis Bank, NTPC, Mahindra & Mahindra, Axis Bank, Eternal and UltraTech dropped 1-2 percent.

InterGlobe Aviation fell 2.2 percent after reports of stake sale by co-founder Rakesh Gangwal.

Similarly, Sagility India lost 5 percent after promoter Sagility B.V. announced an Offer for Sale (OFS) of up to 15.02 percent stake in the company.

Aurobindo Pharma rallied 2.1 percent despite reporting a marginal dip in Q4 profit. Nazara Technologies rose about 1 percent as Q4 revenue nearly doubled.

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Losing Streak May Continue For Malaysia Stock Market

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.
RTTNews | il y a 18 minutes
Japan Stock Market May Extend Wednesday's Losses

Japan Stock Market May Extend Wednesday's Losses

The Japan stock market on Wednesday snapped the three-day winning streak in which it had collected almost 750 points or 2 percent. The Nikkei 225 now sits just above the 27,720-point plateau and it may take further damage on Thursday.
RTTNews | il y a 33 minutes
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The South Korea stock market has moved higher in two of three trading days since the end of the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,670-point plateau and it may hand back some of those gains on Thursday.
RTTNews | il y a 48 minutes
Korea Rate Decision Due On Thursday

Korea Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to keep its benchmark lending rate unchanged at 2.75 percent.
RTTNews | il y a 1h 48min
Swiss Market Ends Notably Lower

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Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.
RTTNews | il y a 6h 31min
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European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
RTTNews | il y a 7h 0min
Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
RTTNews | il y a 7h 38min
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