Sensex, Nifty End Notably Lower After Oil Price Surge

RTTNews | Pred 636 dňami
Sensex, Nifty End Notably Lower After Oil Price Surge

(RTTNews) - Indian shares ended notably lower on Monday after the dollar climbed and oil prices surged due to escalating geopolitical tensions in the Middle East.

The dollar rose on safe-haven demand and oil prices jumped around 3 percent amid concerns about potential disruptions to global oil supplies after clashes between Israeli and Hamas forces over the weekend raised the risk of a wider Middle East conflict.

Analysts say that there is no immediate threat to oil supplies, but disruptions or escalations in the region can have far-reaching implications for energy markets, global supply chains, and geopolitical dynamics, if the conflict escalates.

Fed rate uncertainty also weighed on markets after stronger-than-expected U.S. jobs data complicated the future path of interest rate rises in the world's biggest economy.

The benchmark S&P BSE Sensex ended the session down 483.24 points, or 0.73 percent, at 65,512.39 while the broader NSE Nifty index settled 141.15 points, or 0.72 percent, at 19,512.35.

Tata Steel, Mahindra & Mahindra, Hero MotoCorp, HDFC Life and Adani Ports fell 2-5 percent in the Nifty pack while HCL Technologies and Dr Reddy's Laboratories both rose about 1 percent.

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European Economic News Preview: Germany Industrial Output Data Due

European Economic News Preview: Germany Industrial Output Data Due

Industrial production from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Industrial production is forecast to fall 0.6 percent month-on-month, slower than the 1.4 percent decrease in April. In the meantime, UK Halifax house price data is due.
RTTNews | Pred 11 minútami
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 mid-market trading on Monday, reversing the slight gains in the previous session, following the negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
RTTNews | Pred 2 h 6 min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, amid ongoing concerns about U.S. tariffs after US President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
RTTNews | Pred 2 h 55 min
Lower Open Anticipated For Thai Stock Market

Lower Open Anticipated For Thai Stock Market

The Thai stock market on Friday ended the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,120-point plateau and it's expected to see further downside on Monday.
RTTNews | Pred 3 h 36 min
Indonesia Shares May Open In The Red On Monday

Indonesia Shares May Open In The Red On Monday

The Indonesia stock market has finished lower in four straight sessions, slumping more than 60 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 6,865-point plateau and it's expected to open under pressure again on Monday.
RTTNews | Pred 4 h 6 min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the slight losses in the previous session, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, with the Nikkei 225 falling below the 39,600 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | Pred 4 h 12 min
Losing Streak May Continue For Hong Kong Stock Market

Losing Streak May Continue For Hong Kong Stock Market

The Hong Kong stock market has finished lower in back-to-back sessions, sinking more than 300 points or 1.3 percent along the way. The Hang Seng Index now sits just shy of the 23,920-point plateau and it's tipped to open to the downside again on Monday.
RTTNews | Pred 4 h 21 min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday after opening in the green, reversing the slight gains in the previous session, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
RTTNews | Pred 4 h 29 min