Sensex, Nifty Follow Global Peers Lower; IT Stocks Worst Hit

RTTNews | 629 दिनों पहले
Sensex, Nifty Follow Global Peers Lower; IT Stocks Worst Hit

(RTTNews) - Indian shares opened lower on Wednesday, mirroring weak cues from global markets on concerns over elevated inflation in the U.S. and delayed rate cuts by the Federal Reserve.

The benchmark S&P BSE Sensex was down 530 points, or 0.7 percent, at 71,035 in early trade while the broader NSE Nifty index slid 140.10 points, or 0.6 percent, to 21,603.

Tech shares led losses, with LTIMindTree, Wipro, Tech Mahindra and Infosys all falling around 2 percent after a jump in U.S. Treasury yields.

Private sector lender HDFC Bank was down 1.8 percent.

Adani Green rose over 2 percent, Adani Ports edged up marginally and Adani Energy Solutions was little changed after Moody's Investors Service revised its outlook on the firms from "Negative" to "Stable".

Paytm parent One97Communications, which is facing a serious risk of exodus of customers, slumped 8.4 percent.

Gujarat Gas declined 2.3 percent on disappointing Q3 results.

Mahindra & Mahindra rose half a percent ahead of its earnings release.

Zee Entertainment Enterprises dropped 1 percent after reporting lower Q3 revenue.

BHEL edged down slightly after posting a standalone net loss of Rs. 163 crores in Q3FY24.

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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, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.
RTTNews | 1घंटे 31 मिनट पहले
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders have been reluctant to make more significant moves ahead of the release of US payroll processor ADP's report on private sector employment on Wednesday. A survey showed economic activity in the U.S. manufacturing sector contracted in October for the eighth consecutive month.
RTTNews | 1घंटे 57 मिनट पहले
Sensex, Nifty Seen Flat To Lower At Open

Sensex, Nifty Seen Flat To Lower At Open

Indian shares are seen opening flat to slightly lower on Tuesday after Federal Reserve officials offered mixed signals about future rate cuts.
RTTNews | 2घंटे 26 मिनट पहले
Thai Stock Market May Snap Losing Streak On Tuesday

Thai Stock Market May Snap Losing Streak On Tuesday

The Thai stock market has moved lower in three straight sessions, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 2घंटे 56 मिनट पहले
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the red, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 52,450 level, with gains in exporters and automaker stocks partially offset by weakness in index heavyweights, technology and financial stocks.
RTTNews | 3घंटे 13 मिनट पहले
Indonesia Stock Market To Remain Rangebound On Tuesday

Indonesia Stock Market To Remain Rangebound On Tuesday

The Indonesia stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,275-point plateau and it's likely to see little movement on Tuesday.
RTTNews | 3घंटे 26 मिनट पहले
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Monday ended the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 26,150-point plateau and it's tipped to open in the green on Tuesday.
RTTNews | 3घंटे 41 मिनट पहले
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.
RTTNews | 3घंटे 49 मिनट पहले