Sensex, Nifty Snap 8-day Winning Streak; Automakers Top Losers

RTTNews | 523 dagar sedan
Sensex, Nifty Snap 8-day Winning Streak; Automakers Top Losers

(RTTNews) - Indian shares fell notably on Friday to snap an eight-day winning streak, with auto, FMCG and IT stocks leading losses.

Benchmark indexes fell from record highs as caution prevailed ahead of key U.S. jobs data due later in the day that is expected to show a sizable slowdown in hiring.

Recession fears returned to haunt investors after data released on Thursday showed global factory output fell widely last month, with U.S. manufacturing declining for the first time since May 2020.

The benchmark S&P BSE Sensex fell 415.69 points, or 0.66 percent, to 62,868.50 after eight consecutive sessions of gains and a record-breaking closing streak of six days. The broader NSE Nifty index settled 116.40 points, or 0.62 percent, lower at 18,696.10.

Among the prominent decliners, Hindustan Unilever, Hero MotoCorp, Mahindra & Mahindra, Tata Consumer Products and Eicher Motors lost 2-3 percent. TCS and Infosys fell around 1 percent each in the IT pack.

read more
European Economic News Preview: Germany Industrial Output Data Due

European Economic News Preview: Germany Industrial Output Data Due

Industrial production from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production data for March. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February.
RTTNews | 4h 34minuter sedan
Asian Markets Mostly Lower

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders largely refrained from making significant moves after hawkish comments from a few US Fed officials again raised concerns about the outlook for interest rates. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 15minuter sedan
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza.
RTTNews | 7h 27minuter sedan
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, giving up some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,500 level, with losses across most sectors led by index heavyweights and technology stocks.
RTTNews | 7h 29minuter sedan
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in two straight sessions, gathering more than a dozen points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,375-point plateau although it may hand back those gains on Wednesday.
RTTNews | 7h 51minuter sedan
Indonesia Bourse May Extend Tuesday's Losses

Indonesia Bourse May Extend Tuesday's Losses

The Indonesia stock market on Tuesday ended the two-day winning streak in which it had risen almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,120-point plateau and it may take further damage on Wednesday.
RTTNews | 8h 21minuter sedan