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Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

RTTNews | 55 gün önce

Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

(RTTNews) - Indian shares fell modestly on Wednesday as uncertainty prevailed over U.S. President Donald Trump's tariff plans.

Trump said Tuesday his extended Aug. 1 deadline for his "Liberation Day" tariffs will stick, after previously suggesting it wasn't "100 percent firm."

Adding to the uncertainty, he also announced a 50 percent tariff on copper imports as part of a set of looming sectoral tariffs and threatened a 200 percent tariff on pharmaceutical imports.

The benchmark S&P/BSE Sensex ended the session down 176.43 points, or 0.21 percent, at 83,536.08 while the broader NSE Nifty index dropped 46.40 points, or 0.18 percent, to 25,476.10.

The BSE mid-cap index finished marginally lower while the small-cap index rose half a percent.

The market breadth was strong on the BSE, with 2,075 shares rising while 1,929 shares declined and 138 shares closed unchanged.

Among the prominent decliners, BEL, Reliance Industries, Tech Mahindra and HCL Technologies declined 1-2 percent.

Tata Steel fell 1.8 percent and Hindalco lost 1.9 percent as Trump expanded trade measures already in place for steel and aluminum.

Vedanta tumbled 3.4 percent and its subsidiary Hindustan Zinc gave up 2.6 percent after a report by short-seller Viceroy Research raised red flags about their parent company Vedanta Resources Ltd.

Union Bank of India slumped 3.8 percent after its Q1 business update.

Transformers & Rectifiers jumped 5 percent after the company appointed Mukul Srivastava as its new CEO.

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Win Streak May End For Thai Stock Market

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

RTTNews | 23 dakika önce

Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | 47 dakika önce

Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 1s 8 dakika önce

Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 1s 9 dakika önce

China Shares May Take Further Damage On Wednesday

China Shares May Take Further Damage On Wednesday

The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.

RTTNews | 1s 23 dakika önce

Taiwan Bourse May Extend Losing Streak

Taiwan Bourse May Extend Losing Streak

The Taiwan stock market has finished lower in four straight sessions, slumping more than 500 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 24,000-point plateau and it may take further damage on Wednesday.

RTTNews | 1s 55 dakika önce

Singapore Shares: Resistance Expected At 4,300 Points

Singapore Shares: Resistance Expected At 4,300 Points

The Singapore stock market has moved higher in five straight sessions, collecting more than 50 points or 1.2 percent in that span. The Straits Times Index now sits just shy of the 4,300-point plateau, although it may run out of steam on Wednesday.

RTTNews | 2s 22 dakika önce

Malaysia Shares May See Renewed Consolidation On Wednesday

Malaysia Shares May See Renewed Consolidation On Wednesday

The Malaysia stock market on Tuesday snapped the two-day slide in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may head south again on Wednesday.

RTTNews | 2s 47 dakika önce

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