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Sensex Slumps 774 Points; Nifty Ends Below 17,900

RTTNews | 944 dagar sedan

Sensex Slumps 774 Points; Nifty Ends Below 17,900

(RTTNews) - Indian shares tumbled on Wednesday due to selling pressure in Adani Group shares and financials.

The benchmark S&P/BSE Sensex ended the session down 773.69 points, or 1.27 percent, at 60,205.06 as lingering recession worries spurred caution ahead of the Republic Day holiday for markets on Thursday.

The broader NSE Nifty index settled 226.35 points, or 1.25 percent, lower at 17,891.95 amid the expiry of January series derivative contracts.

Adani Group shares led losses after an international research firm alleged in a report that the conglomerate is involved in 'brazen stock manipulation and accounting fraud scheme'.

Adani Ports plunged 6.1 percent, Adani Transmission lost 8 percent and Adani Power plummeted 5 percent.

Adani Group's Chief Financial Officer, Jugeshinder Singh has called the Hindenburg Research report malicious.

Other prominent losers included HDFC, HDFC Bank, IndusInd Bank, SBI, which fell 2-4 percent.

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Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 18 minuter sedan

European Stocks Close Lower On Political Concerns, Tariff Worries

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

RTTNews | 41 minuter sedan

U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 4h 11minuter sedan

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 4h 22minuter sedan

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | 5h 40minuter sedan

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | 5h 46minuter sedan

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | 6h 8minuter sedan

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | 6h 33minuter sedan

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