Sensex, Nifty Decline On Growth Worries; IndusInd Bank And IT Stocks Hit Hard

RTTNews | 121 days ago
Stocktwits
Sensex, Nifty Decline On Growth Worries; IndusInd Bank And IT Stocks Hit Hard

(RTTNews) - Indian shares were subdued on Tuesday on concerns about U.S. President Donald Trump's flip-flop tariff policy and its impact on inflation, interest rates and global growth.

The benchmark S&P BSE Sensex was down 300 points, or 0.4 percent, at 73,815 in early trade while the broader NSE Nifty index dropped 74 points, or 0.3 percent, to 22,386.

IT stocks led declines, with Tech Mahindra, Wipro and Infosys falling 2-3 percent.

IndusInd Bank plunged 15 percent as more analysts downgraded their ratings on the stock following reports of derivative portfolio mismatch.

Aditya Birla Capital declined 1.3 percent after investing Rs. 300 crores in its housing finance arm via a rights issue.

On the positive side, Britannia Industries, Adani Enterprises, ICICI Bank, BPCL and Sun Pharma were up 1-2 percent.

Bharat Electronics edged up slightly after a new order win.

Stocktwits
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower

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First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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RTTNews | 2h 24min ago
DAX Modestly Up After Hitting Fresh Record High

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RTTNews | 3h 39min ago
European Shares Extend Gains On Trade Deal Optimism

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RTTNews | 4h 12min ago
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