Sensex, Nifty Plunge Amid Global Selloff

RTTNews | il y a 579
Sensex, Nifty Plunge Amid Global Selloff

(RTTNews) - Indian shares ended deep in the red on Thursday, with key benchmark indexes Sensex and Nifty falling for the sixth straight session on interest-rate concerns and lingering Middle East tensions.

Israeli Prime Minister Benjamin Netanyahu said that the Israeli army is prepared for the ground assault in Gaza, denting demand for riskier assets and increasing the appeal of safe-haven assets such as the dollar and gold.

Reflecting concerns that the Gaza war may spread, the Wall Street Journal reported that Israel had agreed to delay invading Gaza until U.S. air defense systems can be placed in the region.

A surge in global bond yields and seeming high valuations of the Indian markets also weighed on investor sentiment.

The benchmark S&P BSE Sensex plunged 900.91 points, or 1.41 percent, to 63,148.15 amid broad-based selling.

The broader NSE Nifty index slumped 264.90 points, or 1.39 percent, to close at 18,857.25.

Among the prominent decliners, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra, JSW Steel, Titan Company, Nestle India, Bajaj FinServ, Asian Paints, Bajaj Finance and Mahindra & Mahindra fell 2-4 percent.

read more
U.S. Consumer Confidence Rebounds Much More Than Expected In May

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
RTTNews | il y a 2h 38min
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
RTTNews | il y a 2h 48min
Bay Street Seen Opening Higher Again

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | il y a 4h 16min
U.S. Durable Goods Orders Pull Back Sharply In April

U.S. Durable Goods Orders Pull Back Sharply In April

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
RTTNews | il y a 4h 16min
Eurozone Economic Sentiment Rises More Than Forecast

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
RTTNews | il y a 4h 34min
FTSE 100 Up Nearly 0.75% On Easing Trade Tensions

FTSE 100 Up Nearly 0.75% On Easing Trade Tensions

U.K. stocks are up firmly in positive territory on Tuesday, coming back fairly strongly after a long weekend, as investor react to U.S. President Donald Trump's decision to delay 50% tariffs on EU goods till July 9th.
RTTNews | il y a 4h 43min
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | il y a 4h 52min