Sensex, Nifty Follow Global Peers Lower

RTTNews | 659 days ago
Sensex, Nifty Follow Global Peers Lower

(RTTNews) - Indian shares fell sharply on Monday as fears of a widening regional conflict in the Middle East coupled with fading expectations of an early rate cut in the U.S. stoked risk aversion and spurred safe-haven demand for the dollar.

A broad-based rebound in yields following better-than-expected jobs data from the U.S. also weighed on risk appetite.

The benchmark S&P BSE Sensex ended the session down 670.93 points, or 0.93 percent, at 71,355.22 - erasing gains of the last two sessions to reach a two-week low.

The broader NSE Nifty index fell 197.80 points, or 0.91 percent, to 21,513.

Tech Mahindra, Mahindra & Mahindra, SBI, SBI Life and UPL lost 2-3 percent in the Nifty pack while Adani Ports advanced 1.6 percent as Citi raised its target price on the stock.

Hero MotoCorp, Sun Pharma, NTPC and ONGC all rose about half a percent.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and are reluctant to make more significant moves ahead of the U.S. Fed's interest rate decision later in the day and are optimistic about a potential trade deal between the U.S. and China. Asian markets closed mostly lower on Tuesday.
RTTNews | 11 minutes ago
Thai Shares May See Renewed Support On Wednesday

Thai Shares May See Renewed Support On Wednesday

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Japanese Market Significantly Higher

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China Shares Poised To Open In The Green

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Australian Market Modestly Lower

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Tech Shares May Boost Taiwan Stock Market

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Singapore Bourse May Extend Winning Streak

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The Singapore stock market has climbed higher in six straight sessions, jumping more than 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,450-point plateau and it may add to its winnings on Wednesday.
RTTNews | 3h 16min ago