Sensex, Nifty End Lower On US Rate Worries
(RTTNews) - Indian shares ended lower on Monday and the rupee fell sharply against the dollar, as upbeat labor and service sector data from the U.S. revived fears of continued inflation and more interest-rate hikes.
Increased U.S.-China tensions over a balloon incident and ongoing sell-off in Adani Group stocks also kept investors nervous.
The benchmark S&P/BSE Sensex dropped 334.98 points, or 0.55 percent, to 60,506.90, snapping a five-session winning streak.
The broader NSE Nifty index settled 89.45 points, or half a percent, lower at 17,764.60.
Infosys, Tata Steel, Hindalco, JSW Steel and Divis Laboratories lost 2-4 percent in the Nifty pack, while Hero MotoCorp, Apollo Hospitals Enterprise, BPCL and IndusInd Bank all rose around 2 percent.
Adani Group stocks extended their recent selloff, with Adani Transmission falling 10 percent.
Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar and fell around 5 percent, while Adani Ports jumped 8.6 percent.
Dollar Surges As Euro, Yen Plunge
FTSE 100 Up Marginally; Miners Rise On Higher Metal Prices
Sensex, Nifty End Modestly Lower On Sino-US Trade Tensions
CAC Up Over 0.5% Despite Paring Some Early Gains
DAX Up Nearly 0.5% On Easing U.S.-China Trade Tensions
China Exports Log Strong Growth Despite Trade Tensions
European Shares Rebound In Cautious Trade
