Sensex Tumbles 930 Points Amid Global Selloff; Nifty Nears 22,900

RTTNews | 143 दिनों पहले

(RTTNews) - Indian shares fell sharply on Friday as U.S. President Donald Trump's broad tariff announcements stoked fears about the outlook for inflation and global growth.

According to UBS, the latest tariff measures unveiled by Trump may knock down U.S. economic growth by 2 percentage points this year and raise inflation close to 5 percent.

PMorgan has raised the probability of a global recession this year to 60 percent, from a previous 40 percent.

In the face of sweeping tariffs on imports to the U.S. it is feared that domestic sectors and companies with a meaningful portion of their revenues from the U.S. market will be hit hard.

Adding to investor anxiety, Trump said tariffs on pharmaceutical and semiconductor imports will be announced soon.

The benchmark S&P/BSE Sensex tumbled 930.67 points, or 1.22 percent, to 75,364.69 after the U.S. stock market suffered its sharpest single day drop in five years on Thursday, following Trump's announcement of tariffs.

The broader NSE Nifty index closed down 345.65 points, or 1.49 percent, at 22,904.45, with selling seen across the board.

The BSE mid-cap and small-cap indexes lost 3.1 percent and 3.4 percent, respectively.

The market breadth was negative on the BSE, with 2,805 shares declining while 1,136 shares advanced and 135 shares closed unchanged.

Commodity-related stocks were among the worst hit, with Tata Steel plunging 8.6 percent.

IT stocks faced selling pressure, with Infosys, TCS, HCL Technologies and Tech Mahindra all falling around 3 percent.

Among other prominent decliners, Sun Pharma, Reliance Industries, IndusInd Bank, Adani Ports, L&T and Tata Motors slumped 3-6 percent.

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 | 10 मिनटों पहले

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 | 1घंटे 23 मिनट पहले

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 | 1घंटे 44 मिनट पहले

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2घंटे 15 मिनट पहले

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 | 2घंटे 55 मिनट पहले

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 | 3घंटे 23 मिनट पहले

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 | 3घंटे 25 मिनट पहले

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 | 3घंटे 41 मिनट पहले

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