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Sensex, Nifty Tumble On US Fiscal Concerns

RTTNews | 75 gün önce

Sensex, Nifty Tumble On US Fiscal Concerns

(RTTNews) - Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.

The benchmark 30-share BSE Sensex tumbled 800 points, or 1 percent, to 80,794 in early trade while the broader NSE Nifty index was down 265 points, or 1.1 percent, at 24,548.

ITC, Infosys, Hindustan Unilever, Mahindra & Mahindra, Nestle India, HCL Technologies, Tech Mahindra and Power Grid Corp lost 2-3 percent.

Grasim, ITC and Sun Pharma fell around 1 percent ahead of their earnings results due today.

InterGlobe Aviation, the parent company of budget carrier IndiGo, declined 1.4 percent amid concerns that the Indian government may not extend its leasing agreement with Turkish Airlines.

IRCON International dropped 1 percent on reporting a 14 percent fall in Q4 net profit.

Nalco rallied 3.3 percent after quarterly profit surged twofold.

IndusInd Bank rose nearly 2 percent despite posting a net loss of Rs. 2,236 crores in Q4.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 50 dakika önce

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 1s 55 dakika önce

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 1s 57 dakika önce

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 2s 8 dakika önce

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2s 37 dakika önce

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2s 48 dakika önce

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3s 8 dakika önce

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | 3s 41 dakika önce

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