Sensex Slumps 774 Points; Nifty Ends Below 17,900

RTTNews | 946 дней спустя
Sensex Slumps 774 Points; Nifty Ends Below 17,900

(RTTNews) - Indian shares tumbled on Wednesday due to selling pressure in Adani Group shares and financials.

The benchmark S&P/BSE Sensex ended the session down 773.69 points, or 1.27 percent, at 60,205.06 as lingering recession worries spurred caution ahead of the Republic Day holiday for markets on Thursday.

The broader NSE Nifty index settled 226.35 points, or 1.25 percent, lower at 17,891.95 amid the expiry of January series derivative contracts.

Adani Group shares led losses after an international research firm alleged in a report that the conglomerate is involved in 'brazen stock manipulation and accounting fraud scheme'.

Adani Ports plunged 6.1 percent, Adani Transmission lost 8 percent and Adani Power plummeted 5 percent.

Adani Group's Chief Financial Officer, Jugeshinder Singh has called the Hindenburg Research report malicious.

Other prominent losers included HDFC, HDFC Bank, IndusInd Bank, SBI, which fell 2-4 percent.

read more
U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
RTTNews | 16 минут назад
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 1ч 20мин назад
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 3ч 11мин назад
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 4ч 4мин назад
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 4ч 5мин назад
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves 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 to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 5ч 31мин назад