Sensex, Nifty Plunge Amid Global Selloff

RTTNews | Pred 668 dňami
Sensex, Nifty Plunge Amid Global Selloff

(RTTNews) - Indian shares ended deep in the red on Thursday, with key benchmark indexes Sensex and Nifty falling for the sixth straight session on interest-rate concerns and lingering Middle East tensions.

Israeli Prime Minister Benjamin Netanyahu said that the Israeli army is prepared for the ground assault in Gaza, denting demand for riskier assets and increasing the appeal of safe-haven assets such as the dollar and gold.

Reflecting concerns that the Gaza war may spread, the Wall Street Journal reported that Israel had agreed to delay invading Gaza until U.S. air defense systems can be placed in the region.

A surge in global bond yields and seeming high valuations of the Indian markets also weighed on investor sentiment.

The benchmark S&P BSE Sensex plunged 900.91 points, or 1.41 percent, to 63,148.15 amid broad-based selling.

The broader NSE Nifty index slumped 264.90 points, or 1.39 percent, to close at 18,857.25.

Among the prominent decliners, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra, JSW Steel, Titan Company, Nestle India, Bajaj FinServ, Asian Paints, Bajaj Finance and Mahindra & Mahindra fell 2-4 percent.

read more
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | Pred 2 h 46 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | Pred 3 h 2 min
Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | Pred 4 h 12 min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | Pred 4 h 24 min
Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | Pred 4 h 42 min