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

RTTNews | 1064 dni temu
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.

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Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended on a weak note on Monday, weighed down by concerns about political instability in France. Optimism about an interest rate cut by the Federal Reserve helped limit market's downside.
RTTNews | 4g 5 minut temu
European Stocks Close Mostly Higher On Fed Rate Cut Hopes

European Stocks Close Mostly Higher On Fed Rate Cut Hopes

European stocks closed higher on Monday, thanks to encouraging German economic data, and optimism about an interest rate cut by the Federal Reserve next week. Concerns about political uncertainty in France weighed and limited markets' upside.
RTTNews | 4g 28 minut temu
TSX Slips After Positive Start; Canada Goose Holdings Soars On Rating Upgrade

TSX Slips After Positive Start; Canada Goose Holdings Soars On Rating Upgrade

The Canadian market, which retreated after a slightly positive start Monday morning, remains in negative territory a little past noon, with stocks from communications, consumer staples and industrials sectors under selling pressure. Materials stocks are faring well, limiting market's downside.
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German Industrial Output Rebounds; Exports Fall

German Industrial Output Rebounds; Exports Fall

Germany's industrial output expanded for the first time in four months in July, while exports declined on weaker demand from the United States and China. Industrial production rose 1.3 percent month-on-month in July, data from Destatis showed Monday. The expansion reversed June's decrease of 0.1 percent, which was revised sharply from a 1.9 percent drop estimated initially.
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Bay Street Likely To Open Higher On Firm Oil Prices, Rate Cut Hopes

Canadian stocks look headed for a positive start Monday morning, tracking positive cues from Asian and European markets, and higher crude oil prices. Expectations of interest rate cuts from the Bank of Canada and the Federal Reserve next week may also aid sentiment.
RTTNews | 9g 59 minut temu