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Sensex, Nifty Extend Losses As Israel Launches Strike On Iran

RTTNews | 494 days ago

Sensex, Nifty Extend Losses As Israel Launches Strike On Iran

(RTTNews) - Indian shares traded lower on Friday to extend losses for a fifth day running as U.S. rate worries lingered and oil prices jumped more than 3 percent on signs of escalating tensions in the Middle East, following reports of Israeli strikes on Iran.

The benchmark S&P BSE Sensex dropped 515 points, or 0.7 percent, to 71,973 in early trade, while the broader NSE Nifty index was down 156 points, or 0.7 percent, at 21,839.

HDFC Life Insurance Company lost 2.3 percent as Deepak Parekh decided to step down as the Chairman and Non-Executive Director of the company.

Infosys declined 2.1 percent after it announced a muted constant currency (CC) revenue growth forecast of 1-3 percent for FY25.

Bajaj Auto fell 2.5 percent despite reporting better-than-expected Q4 earnings.

Rail Vikas Nigam gave up nearly 2 percent. The company has signed a memorandum of understanding (MoU) with Turkish Engineering Consulting and Contracting-TUMAS India Private Limited for infrastructure projects in India.

Among the prominent gainers, ONGC rose 1.7 percent, Apollo Hospitals Enterprise added 1.3 percent and ITC gained 0.9 percent.

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U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 49 minutes ago

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 1h 0min ago

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | 2h 19min ago

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | 2h 25min ago

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | 2h 47min ago

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | 3h 12min ago

DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.

RTTNews | 4h 35min ago

Sensex, Nifty Tumble On Tariff Worries

Sensex, Nifty Tumble On Tariff Worries

Indian shares tumbled 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 | 4h 39min ago

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