Sensex Slumps 750 Points On US Rate Hike Worries; Nifty Slips Below 17,100

RTTNews | 1008 days ago
Stocktwits
Sensex Slumps 750 Points On US Rate Hike Worries; Nifty Slips Below 17,100

(RTTNews) - Indian shares opened sharply lower on Monday on the back of weak global cues, as signs of a strong U.S. labor market and rising oil prices stoked fresh worries about inflation and further rate rises.

Geopolitical tensions also returned to the fore after a powerful blast damaged Russia's road-and-rail bridge to Crimea.

The benchmark S&P BSE Sensex fell 750 points, or 1.3 percent, to 57.445 in early trade, while the broader NSE Nifty index was down 217 points, or 1.3 percent, at 17,098. The rupee opened at a record low of 82.64 against the greenback.

Asian Paints, Hindustan Unilever, HDFC, Hero MotoCorp and Tata Motors tumbled 2-3 percent.

TCS dropped half a percent ahead of its Q2 earnings release.

IDBI Bank soared 8.5 percent on stake sale reports.

Stocktwits
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Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.
RTTNews | 1h 23min ago
Pound Falls As Traders Speculate BoE Rate Cut Decision

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Pound Falls Against Majors

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DAX Notably Lower As Trade War Worries Mount

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RTTNews | 3h 1min ago
Sensex, Nifty Decline As Trade Tensions Weigh

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Indian shares ended Monday's session lower as U.S. President Donald Trump escalated his trade offensive, leading to increased volatility in global markets and prompting investors to seek refuge in safe-haven assets.
RTTNews | 3h 26min ago
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