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Sensex Tumbles 1,390 Points On Tariff Concerns; Nifty Ends Below 23,200

RTTNews | 154 dias atrás

Sensex Tumbles 1,390 Points On Tariff Concerns; Nifty Ends Below 23,200

(RTTNews) - Indian shares ended sharply lower Tuesday, after having opened on a firm note earlier in the day.

Heightened tariff and geopolitical concerns weighed on sentiment as traders returned to their desks after a long holiday weekend.

Markets awaited more details on U.S. President Donald Trump's reciprocal tariff announcements set to be announced on Wednesday, which Trump has dubbed 'Liberation Day.'

Trump is expected to unveil tariffs targeting all nations, not just specific ones as previously planned.

Trump promised he will be 'very kind' to trading partners on April 2 but critics warn that his strategy risks a global trade war, provoking retaliation by major trading partners like China, Canada and the European Union.

Geopolitical tensions also remained on investors' radar as Trump threatened Russia with tariffs and vowed to continue strikes on Yemen's Houthi rebels until they no longer pose a threat to global shipping. He also issued a stern warning to Iran, stating that the "real pain is yet to come."

The benchmark S&P/BSE Sensex plunged 1,390.41 points, or 1.80 percent, to 76,024.51, extending losses for a second straight session.

The broader NSE Nifty index fell 353.65 points, or 1.50 percent, to 23,165.70, pulled lower by tech stocks and banks.

The BSE mid-cap index fell a little over 1 percent, but the small-cap index ended on a flat note. The market breadth was positive on the BSE, with 2,710 shares rising while 1,339 shares declined, and 146 shares ended unchanged.

Selling was broad-based, with Reliance Industries, Sun Pharma, ICICI Bank, Titan Company, Infosys, Bajaj Finance, Bajaj FinServ, HDFC Bank and HCL Technologies falling 2-4 percent.

IndusInd Bank surged 5.1 percent after reports that it is making efforts to boost liquidity amid an ongoing investigation into accounting lapses.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 45 minutos atrás

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

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RTTNews | 50 minutos atrás

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 57 minutos atrás

U.S. Construction Spending Unexpectedly Edges Lower In July

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RTTNews | 2 h 58 min atrás

Domino's Launches Two New Delectable Bread Bites Flavors

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Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 3 h 10 min atrás

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 3 h 13 min atrás

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 3 h 59 min atrás

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 5 h 8 min atrás

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