Sensex, Nifty Tumble On Fed Rate Hike Worries

RTTNews | 961 days ago
Sensex, Nifty Tumble On Fed Rate Hike Worries

(RTTNews) - Indian shares opened sharply lower on Wednesday, tracking weak global markets and a rising dollar after comments from Federal Reserve Bank of St. Louis President James Bullard and San Francisco Federal Reserve Bank President Mary Daly underscored the need for tighter policy.

The benchmark S&P BSE Sensex fell nearly 500 points, or 0.9 percent, to 56,608 in early trade, while the broader NSE Nifty index was down 128 points, or 0.8 percent, at 16,879.

Among the prominent decliners, ONGC, ITC, SBI Life, HDFC Life and IndusInd Bank all fell around 2 percent.

HCL Technologies edged down slightly after announcing a rebranding.

Torrent Pharma tumbled 3.3 percent on news it would acquire 100 percent stake in Curatio Healthcare for Rs. 2,000 crore.

BHEL dipped half a percent despite securing an order from NTPC to set up a 2x660 megawatt thermal power project.

Axis Bank fell about 1 percent. The private sector lender is investing around Rs 50-70 crore to acquire a little less than a 10 percent stake in Fairfax-backed Go Digit Life Insurance.

Mothersons Sumi Wiring India jumped nearly 5 percent ahead of a board meeting this week to consider a bonus issue.

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European Shares Seen Flat To Higher At Open

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RTTNews | 1h 19min ago
European Economic News Preview: Eurozone Foreign Trade Data Due

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RTTNews | 1h 33min ago
Sensex, Nifty Modestly Lower On Weak Asian Cues

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RTTNews | 2h 24min ago
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RTTNews | 3h 12min ago
Asian Markets Trade Mostly Lower

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Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners. Asian markets ended mostly higher on Thursday.
RTTNews | 3h 27min ago
Sensex, Nifty Seen Higher At Open

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RTTNews | 4h 17min ago
Thai Shares May Reclaim 1,200-Point Level

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The Thai stock market has alternated between positive and negative finishes through the last seven trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,195-point plateau and it's expected to open to the upside on Friday.
RTTNews | 4h 51min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
RTTNews | 5h 10min ago