Sensex Falls Over 700 Points; Nifty Ends Below 23,500

RTTNews | 132 hari yang lalu
Sensex Falls Over 700 Points; Nifty Ends Below 23,500

(RTTNews) - Indian shares fell sharply on Wednesday as caution set in ahead of the April 2 U.S. tariff deadline.

Rising oil prices amid near-term supply tightness also prompted investors to book profits at higher levels after recent string of gains, fueled by foreign capital inflows and optimism about improving domestic macroeconomic conditions.

There's an elevated baseline anxiety in the markets despite U.S. President Donald Trump hinting at tariff flexibility for some countries.

It is feared that potential U.S. tariff policies could fuel inflation and further strain global trade. Also, deteriorating U.S. consumer confidence in the face of tariff fears pointed to a stagflationary scenario, where economic growth slows while inflation remains elevated.

The benchmark S&P/BSE Sensex fell 728.69 points, or 0.93 percent, to 77,288.50, snapping a seven-session winning streak.

The broader NSE Nifty index ended down 181.80 points, or 0.77 percent, at 23,486.85 ahead of the impending expiry of monthly derivatives contracts.

The BSE mid-cap and small-cap indexes ended down 0.7 percent and 1.5 percent, respectively.

The market breadth was negative on the BSE, with 3,114 shares declining while 922 shares advanced and 107 shares ended unchanged.

Among the prominent losers, Axis Bank, Infosys, Bajaj Finance, Tech Mahindra, Zomato and NTPC shed 2-3 percent.

read more
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 18 minit yang lalu
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 4j 51min yang lalu
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 5j 12min yang lalu
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 7j 49min yang lalu
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 8j 35min yang lalu