Sensex, Nifty End Deep In Red As Recession Worries Mount

RTTNews | 1138 hari yang lalu
Sensex, Nifty End Deep In Red As Recession Worries Mount

(RTTNews) - Indian shares ended Wednesday's session deep in the red as inflation and interest-rate worries returned to haunt investors.

Risk-off sentiment prevailed in global financial markets ahead of speeches by a couple of European Central Bank policy-makers and U.S. Federal Reserve Chair Jerome Powell later in the day.

The benchmark S&P BSE Sensex ended the session down 709.54 points, or 1.35 percent, at 51,822.53, while the broader NSE Nifty index settled at 15,413.30, down 225.50 points, or 1.44 percent, from its previous close.

Commodity-related stocks succumbed to heavy selling pressure, as oil and metal prices tumbled in global markets on worries about a global recession.

ONGC, JSW Steel, Tata Steel, Hindalco and UPL slumped 3-6 percent as Goldman Sachs, Elon Musk and Nouriel Roubini all have warned of a growing likelihood that the U.S. economy will fall into recession.

On the positive side, BPCL and Hero MotoCorp both rose about 1 percent.

read more
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open on a positive note Monday as investors keep an eye on the latest batch of earnings and watch further developments on the tariff front.
RTTNews | 21 minit yang lalu
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 2j 19min yang lalu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 3j 0min yang lalu
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 4j 2min yang lalu
Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 4j 32min yang lalu
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
RTTNews | 4j 32min yang lalu