Sensex, Nifty Extend Losses; Defense Stocks Surge

RTTNews | 94 dni temu

(RTTNews) - Indian shares were sharply lower on Friday as investors reacted to the latest updates on the India-Pakistan conflict.

The Indian Army said that Pakistan attempted to target military installations in Jammu, Pathankot, and Udhampur using missiles and drones and these attacks were successfully neutralized.

Pakistan also reportedly made "numerous cease fire violations" along the Line of Control and the alleged "violations" were met with a "befitting reply."

In response, the Indian Navy carried out missile strikes on strategic Pakistani naval bases in Karachi, resulting in significant damage and widespread panic along the country's coastline.

This marks the first reported naval offensive by India against Pakistan since the 1971 war.

Meanwhile, U.S. Vice President JD Vance has said that the conflict between India and Pakistan is 'fundamentally none of our business'.

"We can't control these countries, though. Fundamentally, India has its gripes with Pakistan, and Pakistan has responded to India. What we can do is to urge these folks to de-escalate a little bit, but we are not going to get involved in a war that is fundamentally none of our business and has nothing to do with America's ability to control it," Vance said.

The benchmark S&P/BSE Sensex was down 700 points, or 0.9 percent, at 79,634 in early trade, while the broader NSE Nifty index fell 230 points, or 1 percent, to 24,044.

Among the prominent decliners, Bajaj FinServ, Nestle India, Hindustan Unilever, ICICI Bank, UltraTech Cement and Power Grid Corp tumbled 2-3 percent.

Defense stocks were rising, thanks to the sharp escalation in the India-Pakistan tensions.

Bharat Forge rose 2.3 percent, Bharat Dynamics soared 7.6 percent, Bharat Electronics surged 4.6 percent and Hindustan Aeronautics jumped more than 3 percent.

Tata Motors rallied 3.5 percent after the U.S. struck its first trade agreement with the U.K. in a breakthrough deal.

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 27 minut temu

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 59 minut temu

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 1g 53 minut temu

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2g 1 minut temu

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2g 16 minut temu

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 2g 23 minut temu

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2g 31 minut temu

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3g 1 minut temu

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