Sensex Drops Over 500 Points On Fed Worries; Nifty Dips Below 19,350

RTTNews | Pred 682 dňami
Sensex Drops Over 500 Points On Fed Worries; Nifty Dips Below 19,350

(RTTNews) - Indian shares ended notably lower on Friday, with financials losing ground as upbeat U.S. economic data released overnight added to concerns about the outlook for interest rates following Wednesday's hawkish Federal Reserve minutes.

Signs of a resilient U.S. economy supported the dollar and lifted bond yields, weighing on risk sentiment.

Investors also awaited the U.S. monthly jobs report later in the day for additional clues on the economic and rate outlook.

The benchmark S&P/BSE Sensex ended the session down 505.19 points, or 0.77 percent, at 65,280.45, while the broader NSE Nifty index dropped 165.50 points, or 0.85 percent, to 19,331.80.

NTPC, IndusInd Bank, Apollo Hospitals Enterprise, Power Grid Corp and Adani Ports fell 2-3 percent in the Nifty pack while Tata Motors rallied 3.7 percent to hit a record high after reporting robust JLR sales for the April-June quarter.

Titan Company added 1.2 percent on positive Q1 update.

The rupee declined to its lowest level in a month while oil prices were on track for a second consecutive weekly gain after data showed a big drop in U.S. crude inventories.

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China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

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China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
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Thai Downgrades GDP Growth Outlook

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RTTNews | Pred 4 h 2 min
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

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Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | Pred 6 h 32 min