Reklāma

Sensex, Nifty Snap Five-day Winning Streak

RTTNews | 486 days ago

(RTTNews) - Indian shares fell sharply on Friday as investors fretted about weakening growth and stubborn inflationary pressures in the U.S., the world's largest economy.

The 10-year U.S. yield rose to the highest since November and the 2-year yield topped 5 percent after new data showed slowing GDP growth but strong inflation, raising fears of stagflation and pushing out rate-cut bets to December.

Investors also reacted to mixed earnings results from U.S. tech majors and awaited the release of the Federal Reserve's preferred measure of inflation later in the day for further direction.

The benchmark S&P BSE Sensex ended the session down 609.28 points, or 0.82 percent, at 73,730.16, tracking mixed cues from global markets following blockbuster earnings from Microsoft Corp. and Alphabet Inc.

The broader NSE Nifty index settled 150.40 points, or 0.67 percent, lower at 22,419.95, snapping a five-day winning streak.

Financials lost ground, with Bajaj Finance and Bajaj FinServ falling 7.7 percent and 3.7 percent, respectively amid concerns over profit growth.

SBI Life, Nestle India and IndusInd Bank fell 2-3 percent.

Among the prominent gainers, IT firm Tech Mahindra soared 7.6 percent after it laid out a big plan for a turnaround by FY27.

Divis Laboratories surged nearly 5 percent, extending gains for a fifth straight session.

LTIMindTree rallied 3.4 percent. After recording a sequential profit decline in Q4, the information technology company said it is confident of bouncing back in Q1 FY25, and aims to deliver broad-based growth.

Bajaj Auto climbed 2.5 percent after expanding export operations.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 35 minutes ago

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 56 minutes ago

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 | 1h 27min ago

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 | 2h 7min ago

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 | 2h 35min ago

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 | 2h 37min ago

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 | 2h 53min ago

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 | 2h 55min ago

EURUSD	1.16265	GBPUSD	1.34518	AUDUSD	0.64733
USDJPY	147.77	USDCAD	1.38595	USDCHF	0.80569