Sensex Tanks 984 Points; Nifty Ends Below 23,600

RTTNews | 267 gün önce
Sensex Tanks 984 Points; Nifty Ends Below 23,600

(RTTNews) - Indian shares tumbled on Wednesday amid much uncertainty over how U.S.-President-elect Trump's tariff proposals and Fed's restrictive monetary policy will impact markets.

Traders also awaited the highly anticipated Labour Department's report on U.S. consumer price inflation for October later in the day for additional clues regarding another interest-rate cut at the U.S. central bank's December meeting.

Traders are currently pricing in about two Fed rate cuts through June, against almost four seen at the start of last week.

Closer home, a rise in October retail inflation reduced expectations of a rate cut by the Reserve Bank of India (RBI) next month, adding to concerns around weak earnings and persisting selling pressure from foreign institutional investors.

The benchmark S&P/BSE Sensex fell 984.23 points, or 1.25 percent, to 77,690.05, while the broader NSE Nifty index settled down 324.40 points, or 1.36 percent, at 23,559.05.

Economy-sensitive metal and auto stocks led losses, with Eicher Motors, Tata Steel, Hindalco, Mahindra & Mahindra and Hero Moto Corp falling 3-4 percent.

read more
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 50 dakika önce
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 2s 14 dakika önce
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 2s 16 dakika önce
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 2s 32 dakika önce
Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.
RTTNews | 2s 49 dakika önce