Sensex, Nifty Tumble As Trade Worries Return To Haunt

RTTNews | 10 gün önce
Sensex, Nifty Tumble As Trade Worries Return To Haunt

(RTTNews) - Indian shares opened on a sluggish note Monday, with concerns over global trade and tariffs keeping investors on edge.

U.S. President Donald Trump accused China of violating their agreement and announced plans to double the tariffs on steel and aluminum imports to 50 percent in a clear message that the tariff and trade scenario will continue to be uncertain and turbulent.

Escalating tensions between Russia and Ukraine also curbed investors' appetite for risk.

The benchmark S&P BSE Sensex slumped 767 points, or 0.9 percent, to 80,684 in early trade while the broader NSE Nifty index fell 204 points, or 0.8 percent, to 24,548.

Among the prominent decliners, Tech Mahindra, HCL Technologies and HDFC Bank were down around 2 percent each.

Tata Motors dropped 1 percent on reporting 9 percent drop in May sales.

Dr Reddy's Laboratories fell about 1 percent amid an ongoing patent infringement suit filed by Novo Nordisk A/S over the patent of blockbuster diabetes medication.

EaseMyTrip fell nearly 2 percent after posting a sharp 59 percent QoQ decline in net profit for Q4 of FY25.

Apollo Hospitals rallied 2.3 percent on reports that it plans to sell its maternity and infant care unit.

read more
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 2s 27 dakika önce
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 2s 30 dakika önce
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 3s 13 dakika önce
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 3s 39 dakika önce
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 3s 58 dakika önce
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 4s 9 dakika önce
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | 5s 10 dakika önce