Sensex, Nifty Tumble As Reliance, ONGC Drag

RTTNews | 1134 일 전
Sensex, Nifty Tumble As Reliance, ONGC Drag

(RTTNews) - Indian shares fell sharply on Friday, with oil & gas stocks bearing the brunt of the selling.

The benchmark S&P BSE Sensex plunged 560 points, or 1.1 percent, to 52,454 in early trade, while the broader NSE Nifty index was down 173 points, or 1.1 percent, at 15,606.

Reliance Industries slumped 5 percent. Reliance Brands, a subsidiary of Reliance Retail Ventures, has forayed into food & beverage (F&B) retailing with a strategic partnership with U.K.-based fresh food and organic coffee chain Pret A Manger.

ONGC lost 2.8 percent after oil prices fell around 3 percent in the previous session. Maruti Suzuki India fell over 1 percent. The company said it is looking to regain market share in the SUV segment with four new models.

Bharti Airtel fell about 1 percent. The Competition Commission of India has approved Google international's 1.28 percent stake buy in the company.

In another development, the telecom major has opted to defer the payment of AGR dues up to FY 2018-19.

Hindustan Copper dipped half a percent on fund raising reports.

Indian Bank was down about 1 percent after raising lending rates.

Sundaram Fasteners climbed 1.1 percent. The auto components major plans to invest Rs 400 crore in fasteners and defense vertical over the next two years.

Lupin rose half a percent after it received the U.S. FDA nod for Abbreviated New Drug Application (ANDA) - Paliperidone extended-release tablets.

read more
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday.
RTTNews | 2 시간 8 분 전
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | 2 시간 20 분 전
Sensex, Nifty Edge Lower On Tariff Concerns

Sensex, Nifty Edge Lower On Tariff Concerns

Indian shares were moving lower on Friday as U.S. President Donald Trump ruled out trade talks with India and Prime Minister Modi said he will never compromise on farmers' interests.
RTTNews | 3 시간 18 분 전
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 4 시간 30 분 전
Asian Markets Mixed Amid Tariff Caution

Asian Markets Mixed Amid Tariff Caution

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as uncertainty continues over US reciprocal tariffs despite the tariff's kicking in on Thursday. Market uncertainty is created by the pressure tactics exerted by the US by constantly altering tariffs. Asian markets ended mostly higher on Thursday.
RTTNews | 4 시간 33 분 전
Sensex, Nifty Set To Open Lower On Trade Concerns

Sensex, Nifty Set To Open Lower On Trade Concerns

Indian shares look set to open on a sluggish note Friday as U.S. President has ruled out any possibility of trade negotiations with India and Prime Minister Narendra Modi said India would not compromise on the interests of its farmers, fishermen or livestock rearers, even if it meant paying "a heavy personal price."
RTTNews | 5 시간 15 분 전
Thai Stock Market May Spin Its Wheels On Friday

Thai Stock Market May Spin Its Wheels On Friday

The Thai stock market has moved higher in four straight sessions, gathering almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau although it may be stuck in neutral on Friday.
RTTNews | 5 시간 49 분 전
Continued Consolidation Called For Indonesia Stock Market

Continued Consolidation Called For Indonesia Stock Market

The Indonesia stock market has finished lower in back-to-back sessions, slipping more than 25 points or 0.3 percent in that span. The Jakarta Composite Index now sits just above the 7,490-point plateau and it may take further damage on Friday.
RTTNews | 6 시간 19 분 전