Advertisement
Sensex, Nifty Decline For Second Day On Fed, China COVID Concerns
(RTTNews) - Indian shares fell on Friday but pared some losses in the afternoon trade amid optimism over softening crude prices that were not far off a four-week low hit in the previous session.
A cautious undertone prevailed due to concerns over rising COVID cases in China and hawkish comments from more U.S. Federal Reserve officials.
The rupee held largely steady in the afternoon on the back of a weaker dollar in overseas markets.
The benchmark S&P BSE Sensex fluctuated before ending the session down 87.12 points, or 0.14 percent, at 61,663.48 - extending losses for a second day running.
The broader NSE Nifty index slipped 36.25 points, or 0.20 percent, to settle at 18,307.65.
IndusInd Bank, Bajaj Finance, NTPC, Bajaj Auto and Mahindra & Mahindra fell 2-3 percent in the Nifty pack, while Hindustan Unilever, Asian Paints and HCL Technologies all rose about 1 percent.
Canadian Stocks Climb As U.S.-Canada Talks Continue
Gold Slips As U.S. Tariff Concerns Start To Ease
Crude Falls As Chevron Allowed To Start Operations In Venezuela
U.S. Dollar Firms On Easing Trade Tensions
Swiss Market Ends Notably Lower
European Stocks Close Lower On Trade Deal Concerns, Some Weak Earnings Updates
Russia Slashes Interest Rates Again On Easing Price Pressures
