Sensex, Nifty End Modestly Lower; Pharma Stocks Lead Losses On Tariff Worries

RTTNews | 111日前

(RTTNews) - Indian shares ended modestly lower on Tuesday, as Middle East tensions intensified and U.S. President Donald Trump's tariff order on movies along with plans to cut reliance on foreign-made medicines reignited concerns about the potential fallout of a global trade war.

Investors also reacted to a Bloomberg report that said India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S.

Meanwhile, with tensions between India and Pakistan reaching a new high, the Ministry of Home Affairs (MHA) has issued directives to several states, urging them to conduct large-scale civil defence mock drills on May 7.

These drills are aimed at assessing the country's preparedness in case of a hostile attack and at the same time raising awareness among the public.

The benchmark S&P/BSE Sensex moved in a lackluster manner before closing down 155.77 points, or 0.19 percent, at 80,641.07.

The broader NSE Nifty index slid 81.55 points, or 0.33 percent, to 24,379.60 while the BSE mid-cap and small-cap indexes slumped 2.2 percent and 2.3 percent, respectively.

The market breadth was weak on the BSE, with 3,158 shares declining while 786 shares advanced and 128 shares closed unchanged.

Pharma stocks faced heavy selling pressure, with Dr Reddy's Laboratories, Lupin, Cipla and Aurobindo Pharma losing 1-3 percent.

Bank of Baroda plummeted 10.3 percent after margin pressures weighed on its March-quarter earnings.

Peers Union Bank of India, Bank of India and Central Bank of India plunged 5-6 percent.

Among the prominent gainers, Nestle India, Hindustan Unilever, Mahindra & Mahindra, Tata Steel and Bharti Airtel rose 1-2 percent.

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 13分前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 54分前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 1時21分前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1時24分前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1時39分前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1時41分前

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1時54分前

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2時24分前

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