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

RTTNews | 980 dias atrás
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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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 22 minutos atrás
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 1 h 5 min atrás
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 1 h 13 min atrás
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 1 h 22 min atrás
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1 h 30 min atrás
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 1 h 52 min atrás
Hong Kong Shares Poised To End Two-Day Slide

Hong Kong Shares Poised To End Two-Day Slide

The Hong Kong stock market has finished lower in consecutive trading days, tumbling almost 630 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 25,200-point plateau although it may find traction on Thursday.
RTTNews | 2 h 7 min atrás