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Sensex, Nifty Plunge As COVID Fears Grip Markets; Pharma Stocks Gain

RTTNews | 935 days ago

Sensex, Nifty Plunge As COVID Fears Grip Markets; Pharma Stocks Gain

(RTTNews) - Indian shares fell sharply on Wednesday amid fears emanating from a sharp rise in cases of coronavirus in China, South Korea, U.S. and other countries.

Three cases of Omicron subvariant BF.7, apparently the strain driving China's current surge of COVID cases, have been detected in India so far, official sources said.

After conducting a review meeting regarding the COVID-19 spike in other countries, the Union Health Ministry has announced several new rules and regulations to limit the spread of COVID in the country.

The benchmark 30-share BSE Sensex ended the session down 635.05 points, or 1.03 percent, at 61,067.24 while the broader NSE Nifty index settled 186.20 points, or 1.01 percent, lower at 18,199.10.

Adani Enterprises led losses to close 6.2 percent lower while Bajaj FinServ, IndusInd Bank, UltraTech and Adani Ports lost 2-3 percent.

Pharma stocks surged, with Sun Pharma, Apollo Hospitals Enterprise, Cipla and Divis Laboratories climbing 2-5 percent.

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Soft Start Anticipated For Taiwan Stock Market

Soft Start Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, collecting almost 400 points or 1.8 percent in that span. The Taiwan Stock Exchange now sits just above the 22,750-point plateau although it may open to the downside on Monday.

RTTNews | 22 minutes ago

Singapore GDP Jumps 5.6% In Q2

Singapore GDP Jumps 5.6% In Q2

Singapore's gross domestic product expanded a seasonally adjusted 5.6 percent on quarter in the second quarter of 2025, the Singapore Department of Statistics said on Monday.

RTTNews | 40 minutes ago

Japan Core Machinery Orders Sink 0.6% In May

Japan Core Machinery Orders Sink 0.6% In May

The value of core machinery orders in Japan was down a seasonally adjusted 0.6 percent on month in May, the Cabinet Office said on Monday - coming in at 913.5 billion yen.

RTTNews | 42 minutes ago

Singapore Stock Market Due For Profit Taking On Monday

Singapore Stock Market Due For Profit Taking On Monday

The Singapore stock market has moved higher in five straight sessions, improving more than 70 points or 1.8 percent along the way. The Straits Times Index now rests just above the 4,085-point plateau although investors figure to lock in gains on Monday.

RTTNews | 52 minutes ago

Losses May Accelerate For Malaysia Stock Market

Losses May Accelerate For Malaysia Stock Market

The Malaysia stock market headed south again on Friday, one day after snapping the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may take further damage on Monday.

RTTNews | 1h 22min ago

Nikkei May Extend Losing Streak On Monday

Nikkei May Extend Losing Streak On Monday

The Japanese stock market has moved lower in two straight sessions, sinking more than 250 points or 0.6 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau and it may extend its losses again on Monday.

RTTNews | 1h 37min ago

South Korea Bourse May Extend Friday's Losses

South Korea Bourse May Extend Friday's Losses

The South Korea stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 130 points or 4.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may see additional consolidation on Monday.

RTTNews | 1h 52min ago

New Zealand Services Index Improves In June - BusinessNZ

New Zealand Services Index Improves In June - BusinessNZ

The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.

RTTNews | 2h 13min ago

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