Sensex, Nifty Tumble On US Trade Deal Uncertainty

RTTNews | 34 dagar sedan
Sensex, Nifty Tumble On US Trade Deal Uncertainty

(RTTNews) - Indian shares fell sharply on Friday, with uncertainty around U.S. trade deal, signs of slowing earnings growth and continued selling by foreign investors weighing on markets.

India and the United States might not be able to reach a deal by 1 August 2025 as talks remain deadlocked over tariff cuts on key agricultural and dairy products.

India is also seeking duty concessions for its labor-intensive goods such as textiles, engineering, leather, gems and jewelry.

Talking on India-U.S. trade deal, Union Minister Piyush Goyal earlier said that the nation's interest is supreme, and it will not sign any deal based on a timeline.

"India never strikes trade deals under deadlines. We accept a deal when it's complete and in national interest."

Investors also weighed the implications of the new India-U.K. Free Trade Agreement, which offers potential gains for both domestic manufacturers and global brands.

The benchmark BSE Sensex tumbled 721.08 points, or 0.88 percent, to 81,463.09, extending losses from the previous session.

The broader NSE Nifty index dropped 225.10 points, or 0.90 percent, to 24,837 while the BSE mid-cap and small-cap indexes lost 1.5 percent and 1.9 percent, respectively. The market breadth was weak on the BSE, with 2,880 shares falling while 1,133 shares rose and 141 shares closed unchanged.

Among the prominent decliners, Bajaj Finance plunged 4.7 percent after JPMorgan downgraded its rating on the stock, following its June quarter results.

Tata Motors, Trent, Bajaj FinServ, Tech Mahindra, Infosys and Power Grid Corp fell 2-3 percent.

read more
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 2h 13minuter sedan
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 2h 23minuter sedan
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 2h 46minuter sedan
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 2h 52minuter sedan
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 3h 57minuter sedan
U.S. Weekly Jobless Claims Edge Down To 229,000

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
RTTNews | 4h 10minuter sedan