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Sensex, Nifty Extend Losses For Second Day
(RTTNews) - Indian shares traded lower for a second straight session on Tuesday due to persisting Middle East tensions and uncertainty surrounding the closely contested U.S. presidential election.
The benchmark S&P/BSE Sensex was down 185 points, or 0.2 percent, at 78,598 following its steepest decline in a month the previous day.
The broader NSE Nifty index dropped 50 points, or 0.2 percent, to 23,945.
Apollo Hospitals Enterprise, ITC, Shriram Finance, Trent and Adani Ports fell 1-2 percent while Hindalco, Tata Steel and IndusInd Bank all were up over 1 percent.
IRCTC fell about 1 percent on reporting a marginal rise in Q2 net profit.
ABB India tumbled 3.8 percent after quarterly results missed estimates.
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Sensex, Nifty Open Lower Amid Trade Deal Uncertainty
Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,650.00 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and energy stocks.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid optimism that a number of trade deals will be worked out prior to US President Donald Trump's August 1 deadline after the U.S. and the European Union ratified a trade agreement over the weekend, with 15 percent tariffs on most European exports, including cars.
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Sensex, Nifty Set For Muted Start As TCS Announces Layoffs
Indian shares look set to open on a cautious note Monday, with IT stocks likely to be in focus after TCS, India's largest IT services firm, said it would lay off about 2 percent, or 12,261 employees, of its global workforce this year in the wake of global economic uncertainties and artificial intelligence-driven technological changes.
Fears over the August 1 U.S. tariff deadline and foreign fund outflows may also weigh on markets as the session progresses.
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Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the losses in the previous session, despite he broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 41,200 level, with weakness across most sectors led by financial and technology stocks.
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Indonesia Bourse May Extend Winning Streak
The Indonesia stock market has moved higher in three straight sessions, advancing more than 190 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,540-point plateau and it may open to the upside again on Monday.
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Higher Open Predicted For Hong Kong Shares
The Hong Kong stock market on Friday ended the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just beneath the 25,390-point plateau although it's likely to open in the green again on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,700.00 level, with gains in gold miners, financial stocks and technology stocks partially offset by weakness in iron ore miners.
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