Sensex, Nifty End Choppy Session Modestly Lower
(RTTNews) - Indian shares ended a choppy session lower on Tuesday, adding to steep losses posted in the previous session.
Somewhat encouraging retail inflation data on the domestic front and gains in U.S. stock futures helped limit the downside in the broader market.
The benchmark S&P BSE Sensex dropped 153.13 points, or 0.29 percent, to 52,693.57, extending losses for the third straight session.
The broader NSE Nifty index fell 42.30 points, or 0.27 percent, to 15,732.10 as investors braced for aggressive hikes and hawkish guidance from the Federal Reserve on Wednesday.
Goldman Sachs and JPMorgan Chase & Co. said they expect the Fed to raise interest rates by 75 basis points at their meeting on Wednesday.
As recession worries grow, the messaging around future guidance is going to be key to determine market reactions.
Tech Mahindra, Hindalco, ONGC, IndusInd Bank and Bajaj Auto tumbled 2-5 percent while Cipla, Mahindra & Mahindra, Divis Laboratories, Bharti Airtel and NTPC rose 1-2 percent.
Lower Open Predicted For Thai Stock Market
Japanese Market Notably Higher
Indonesia Bourse Due For Consolidation On Friday
Australian Market Modestly Higher
Hong Kong Shares Tipped To Open In The Red
China Shares Likely Rangebound Again On Friday
Soft Start Seen For Taiwan Stock Market
