Sensex, Nifty Extend Losses As Rate-cut Hopes Fade
(RTTNews) - Indian shares fell sharply in early trade on Thursday, extending the previous session's sell-off amid signs that global central banks including the Federal Reserve and the European Central Bank will not rush to lower interest rates as previously anticipated. The benchmark S&P BSE Sensex plummeted 721 points, or 1 percent, to 70,780 while the broader NSE Nifty index was down 239 points, or 1.1 percent, at 21,333.
Asian Paints tumbled 3.3 percent despite reporting a 34 percent rise in Q3 net profit.
LTIMindtree slumped nearly 13 percent on reporting a fall in Q3 operating margin.
ICICI Prudential Life Insurance plunged 6.2 percent as it reported a flat net profit of Rs. 227 crores for the third quarter ended December 2023.
JSW Steel fell over 2 percent on reports it is adding capacity with an aim to hit 50 million ton by 2030.
Divis Laboratories, Power Grid Corp and NTPC declined 2-3 percent.
Australian Market Trims Early Losses In Mid-market
Asian Markets Trade Mostly Higher
Sensex, Nifty Likely To Open On Muted Note
Japanese Market Modestly Lower
Thai Shares May Take Further Damage On Tuesday
Little Movement Seen For Indonesia Stock Market
Soft Start Expected For Hong Kong Stock Market
