Sensex, Nifty Tumble After Monday's Ceasefire Rally

RTTNews | 50 days ago
Sensex, Nifty Tumble After Monday's Ceasefire Rally

(RTTNews) - Indian shares tumbled on Tuesday, a day after benchmark indexes Sensex and Nifty recorded their sharpest rally in over four years, following a tentative ceasefire between India and Pakistan over the weekend.

Markets paused for breath after Prime Minister said the operation is the new normal and that India had only kept its actions against Pakistan in abeyance, with future steps depending on Pakistan's behavior.

Modi described Operation Sindoor as India's new policy against terrorism and warned Pakistan that India will not succumb to nuclear blackmail.

Meanwhile, it is feared that a temporary tariff de-escalation between the U.S. and China could narrow India's export edge.

The benchmark 30-share BSE Sensex slumped 1,281.68 points, or 1.55 percent, to 81,148.22 while the broader NSE Nifty index plummeted 34.35 points, or 1.39 percent, to 24,578.35.

Second-line stocks bucked the weak trend, with the BSE mid-cap and small-cap indexes rising 0.2 percent and 1 percent, respectively.

The market breadth was strong on the BSE, with 2,562 shares rising while 1,400 shares declined and 139 shares closed unchanged.

Among the prominent decliners, Tata Motors, ITC, NTPC, IndusInd Bank, Bharti Airtel, TCS, HCL Technologies, Power Grid Corp, Eternal and Infosys lost 2-4 percent.

Defense stocks attracted broad-based buying after Prime Minister Narendra Modi emphasized the need for greater military self-reliance in his first address to the nation after Operation Sindoor.

Hindustan Aeronautics jumped 3.8 percent, Bharat Dynamics soared 11.2 percent, Bharat Electronics surged 4 percent, Zen Technologies added 5 percent and Data Patterns (India) climbed a little over 4 percent.

read more
Canadian Market Down Marginally In Lackluster Trade

Canadian Market Down Marginally In Lackluster Trade

The Canadian market is down in negative territory in lackluster trade on Wednesday as investors largely refrain from making significant moves, choosing to wait for directional clues from the trade front.
RTTNews | 5h 56min ago
Swiss Market Closes Modestly Higher

Swiss Market Closes Modestly Higher

Despite struggling for direction for much of the day's trading session, the Switzerland market closed modestly higher on Wednesday as select stocks found some good support in the final hour. The mood was cautious with investors awaiting further news on the trade front, and the data on Swiss inflation and unemployment, due later in the week.
RTTNews | 6h 24min ago
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed higher on Wednesday as investors continued to closely watch trade negotiations between the U.S. and major countries across the globe ahead of the July 9 deadline for reciprocal tariffs.
RTTNews | 6h 41min ago
Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
RTTNews | 9h 45min ago
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
RTTNews | 11h 13min ago