Sensex, Nifty Tumble As Trade Worries Return To Haunt

RTTNews | Pred 10 dňami
Sensex, Nifty Tumble As Trade Worries Return To Haunt

(RTTNews) - Indian shares opened on a sluggish note Monday, with concerns over global trade and tariffs keeping investors on edge.

U.S. President Donald Trump accused China of violating their agreement and announced plans to double the tariffs on steel and aluminum imports to 50 percent in a clear message that the tariff and trade scenario will continue to be uncertain and turbulent.

Escalating tensions between Russia and Ukraine also curbed investors' appetite for risk.

The benchmark S&P BSE Sensex slumped 767 points, or 0.9 percent, to 80,684 in early trade while the broader NSE Nifty index fell 204 points, or 0.8 percent, to 24,548.

Among the prominent decliners, Tech Mahindra, HCL Technologies and HDFC Bank were down around 2 percent each.

Tata Motors dropped 1 percent on reporting 9 percent drop in May sales.

Dr Reddy's Laboratories fell about 1 percent amid an ongoing patent infringement suit filed by Novo Nordisk A/S over the patent of blockbuster diabetes medication.

EaseMyTrip fell nearly 2 percent after posting a sharp 59 percent QoQ decline in net profit for Q4 of FY25.

Apollo Hospitals rallied 2.3 percent on reports that it plans to sell its maternity and infant care unit.

read more
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | Pred 13 minútami
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | Pred 26 minútami
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | Pred 39 minútami
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | Pred 1 h 44 min