Sensex Plunges 930 Points; Nifty Dips Below 24,500

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Sensex Plunges 930 Points; Nifty Dips Below 24,500

(RTTNews) - Indian shares tumbled on Tuesday, with sentiment dented by weak September quarter earnings, stretched valuations and heavy selling by foreign investors.

Weak global cues also weighed on markets as traders grappled with heightened tensions in the Middle East and uncertainty over the U.S. election outcome that's less than two weeks away.

The benchmark S&P/BSE Sensex plummeted 930.55 points, or 1.15 percent, to 80,220.72 while the broader NSE Nifty index closed at 24,472.10, down 309 points, or 1.25 percent, from its previous close.

The mid-cap and small-cap indexes on the BSE ended down 2.5 percent and 3.8 percent, respectively.

SBI, Adani Enterprises, Coal India, Mahindra & Mahindra and BEL slumped 3-4 percent in the Nifty pack while ICICI Bank rose 0.7 percent. Shares of Infosys and Nestle India ended little changed with a positive bias.

Shares of Hyundai Motor India, the country's second-largest carmaker, declined 4.6 percent on debut.

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Hong Kong Stock Market May See Additional Support

Hong Kong Stock Market May See Additional Support

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 360 points or 1.4 percent in that span. The Hang Seng Index now sits just beneath the 26,450-point plateau and it's expected to open in the green again on Tuesday.
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Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,850 level, with gains across most sectors led by mining and technology shares.
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China Shares Due For Support On Tuesday.

China Shares Due For Support On Tuesday.

The China stock market has moved lower in consecutive trading days, sinking almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,860-point plateau although it's expected to open to the upside on Tuesday.
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Taiwan Shares May Reverse Monday's Losses

Taiwan Shares May Reverse Monday's Losses

The Taiwan stock market on Monday wrote a finish to the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just above the 25,350-point plateau although it's expected to rebound on Tuesday.
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Singapore Bourse May Halt Losing Streak

Singapore Bourse May Halt Losing Streak

The Singapore stock market has moved lower in back-to-back sessions, slumping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 4,340-point plateau although it may stop the bleeding on Tuesday.
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Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

Ahead on Monday's holiday for Respect For The Aged Day, the Japanese stock market had moved higher in three straight sessions, rallying more than 1,300 points or 2.9 percent in that span. The Nikkei 225 now sits just beneath the 44,770-point plateau and it may add to its winnings again on Tuesday.
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KOSPI Has Another Positive Lead For Tuesday

KOSPI Has Another Positive Lead For Tuesday

The South Korea stock market has moved higher in 10 straight sessions, surging more than 260 points or 8.3 percent along the way. Now at another fresh record closing high, the KOSPI sits just beneath the 3,410-point plateau and it's tipped to open in the green again on Tuesday.
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South Korea Import, Export Price Data Due On Tuesday

South Korea Import, Export Price Data Due On Tuesday

South Korea will on Tuesday see August numbers for import and export prices, highlighting a light day for Asia-Pacific economic activity. In July, import prices were down 5.9 percent on year and export prices fell an annual 4.3 percent.
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