Sensex, Nifty Plunge Amid Global Selloff

RTTNews | 580天前
Sensex, Nifty Plunge Amid Global Selloff

(RTTNews) - Indian shares ended deep in the red on Thursday, with key benchmark indexes Sensex and Nifty falling for the sixth straight session on interest-rate concerns and lingering Middle East tensions.

Israeli Prime Minister Benjamin Netanyahu said that the Israeli army is prepared for the ground assault in Gaza, denting demand for riskier assets and increasing the appeal of safe-haven assets such as the dollar and gold.

Reflecting concerns that the Gaza war may spread, the Wall Street Journal reported that Israel had agreed to delay invading Gaza until U.S. air defense systems can be placed in the region.

A surge in global bond yields and seeming high valuations of the Indian markets also weighed on investor sentiment.

The benchmark S&P BSE Sensex plunged 900.91 points, or 1.41 percent, to 63,148.15 amid broad-based selling.

The broader NSE Nifty index slumped 264.90 points, or 1.39 percent, to close at 18,857.25.

Among the prominent decliners, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra, JSW Steel, Titan Company, Nestle India, Bajaj FinServ, Asian Paints, Bajaj Finance and Mahindra & Mahindra fell 2-4 percent.

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Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy, financial and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 15分鐘前
China Shares May Open Under Pressure On Thursday

China Shares May Open Under Pressure On Thursday

The China stock market has finished lower in five straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,340-point plateau and it may see continued consolidation on Thursday.
RTTNews | 19分鐘前
Renewed Selling Pressure Expected For Taiwan Shares

Renewed Selling Pressure Expected For Taiwan Shares

The Taiwan stock market on Wednesday ended the four-day losing streak in which it had given up more than 460 points or 2.2 percent. The Taiwan Stock Exchange now sits just above the 21,350-point plateau although it may head south again on Thursday.
RTTNews | 49分鐘前
Singapore Bourse May Run Out Of Steam On Thursday

Singapore Bourse May Run Out Of Steam On Thursday

The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday.
RTTNews | 1小時19分鐘前
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 | 1小時49分鐘前
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 | 2小時4分鐘前
KOSPI Likely To Remain Rangebound

KOSPI Likely To Remain Rangebound

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 | 2小時19分鐘前
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 | 3小時19分鐘前