Sensex, Nifty Extend Declines On Middle East Worries

RTTNews | 671 hari yang lalu
Sensex, Nifty Extend Declines On Middle East Worries

(RTTNews) - Indian shares fell sharply on Wednesday as investors pondered over global recession risks and rising geopolitical tensions in the Middle East.

Investors kept a wary eye on the situation in the Middle East amidst reports of an imminent ground invasion of Gaza by Israel.

Chinese developer Country Garden Holdings Co has reportedly defaulted on a dollar bond for the first time ever, underscoring the depth of the problems in the country's property sector.

Amid lingering fears over further policy tightening by the Federal Reserve, traders looked ahead to the release of key U.S. data and Fed Chair Jerome Powell's speech for direction.

The benchmark S&P BSE Sensex fell 522.82 points, or 0.81 percent, to 64,049.06 - extending losses for a fifth straight session.

The broader NSE Nifty index settled 159.60 points, or 0.83 percent, lower at 19,122.15.

Eicher Motors, Cipla, SBI Life, Adani Enterprises and Apollo Hospitals Enterprise all fell around 2 percent in the Nifty pack, while metal stocks such as Hindalco, Coal India and Tata Steel gained around 1 percent each after China ramped up efforts to stimulate its beleaguered economy.

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Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | 34 minit yang lalu
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | 52 minit yang lalu
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 1j 4min yang lalu
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 1j 10min yang lalu
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | 1j 19min yang lalu
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | 1j 34min yang lalu
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 2j 4min yang lalu
Singapore Stock Market Expected To Open In The Green

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
RTTNews | 2j 34min yang lalu