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Sensex, Nifty Tumble In Early Trade; Adani Group Stocks Suffer Heavy Losses
(RTTNews) - Indian shares traded lower on Tuesday after witnessing a strong rally in the previous session on the back of robust GDP data and encouraging exit poll results projecting the NDA could win between 355 and 380 seats in the 543-member lower house of parliament.
The benchmark S&P BSE Sensex was down 2,066 points, or 2.7 percent, at 74,392 after having jumped more than 3 percent the previous day.
The broader NSE Nifty index was down 621 points, or 2.7 percent, at 22,642 despite early trends showing a clear lead for the BJP-led NDA.
Adani Group stocks led losses, with Adani Enterprises and Adani Enterprises plunging 8-9 percent.
SBI, Coal India and NTPC all were down around 6 percent.
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Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields
Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.
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52 minutes ago
Win Streak May End For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.
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1h 16min ago
Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.
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1h 40min ago
Lower Open Called For Hong Kong Stock Market
The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.
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2h 1min ago
Australian Market Notably Lower
Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
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2h 2min ago
China Shares May Take Further Damage On Wednesday
The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.
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2h 16min ago
Taiwan Bourse May Extend Losing Streak
The Taiwan stock market has finished lower in four straight sessions, slumping more than 500 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 24,000-point plateau and it may take further damage on Wednesday.
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2h 48min ago
Singapore Shares: Resistance Expected At 4,300 Points
The Singapore stock market has moved higher in five straight sessions, collecting more than 50 points or 1.2 percent in that span. The Straits Times Index now sits just shy of the 4,300-point plateau, although it may run out of steam on Wednesday.
RTTNews
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3h 15min ago
