Sensex, Nifty Decline As Trump Slaps 25% Tariffs On India

RTTNews | 5 дней спустя
Sensex, Nifty Decline As Trump Slaps 25% Tariffs On India

(RTTNews) - Indian shares were notably lower on Thursday after the United States slapped a 25 percent tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS.

Analysts said the move will hurt a spate of sectors — from makers of electronics and generic drugs to jewelry and auto component firms.

The benchmark BSE Sensex was down 539 points, or 0.7 percent, at 80,942 in early trade while the broader NSE Nifty index fell 162 points, or 0.7 percent, to 24,693.

Among the prominent decliners, Tech Mahindra, TCS, Titan Company, HCL Technologies, Maruti Suzuki India, ICICI Bank, Infosys, Bajaj Finance, Reliance Industries and Bharti Airtel fell 1-2 percent.

Indraprastha Gas rose 1.4 percent after reporting a marginal rise in Q1 profit. Tata Steel was little changed despite quarterly profit climbing 116 percent year-on-year.

Kaynes Technology India gained 1 percent on reporting a 47 percent rise in quarterly profit.

read more
Indonesia GDP Growth Fastest In 2 Years

Indonesia GDP Growth Fastest In 2 Years

Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.
RTTNews | 1ч 21мин назад
China Services Growth Fastest Since May 2024

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
RTTNews | 2ч 33мин назад
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
RTTNews | 2ч 57мин назад
European Shares Set To Open On Firm Note

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
RTTNews | 3ч 1мин назад
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 4ч 3мин назад
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
RTTNews | 5ч 8мин назад
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
RTTNews | 5ч 34мин назад
Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 6ч 6мин назад