Sensex, Nifty Decline As Private Banks Drag On Earnings Concerns

RTTNews | 17 ngày trước

(RTTNews) - Indian shares fell notably on Friday, with uncertainty over U.S. tariffs and a muted start to the quarterly earnings season weighing on markets.

Potential disruption to cheap Russian oil supply due to threatened U.S. and NATO sanctions over the Ukraine conflict also kept investors on edge.

"I'm not worried at all. If something happens, we'll deal with it," Petroleum Minister Hardeep Singh Puri reportedly said on Thursday at an industry event in New Delhi.

Earlier today, EU countries approved a new package of sanctions against Russia over its war in Ukraine, including a lower oil price cap on Russia's global oil exports, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships.

The 18th round of sanctions since the 2022 invasion was signed off as Slovakia's Russia-friendly Prime Minister Robert Fico withdrew his objections after securing what he called "guarantees" from the EU on gas prices.

The EU will keep raising the pressure until Russia ends its war," EU foreign policy chief Kaja Kallas said in a statement.

The benchmark S&P/BSE Sensex fell 501.51 points, or 0.61 percent, to 81,757.73 while the broader NSE Nifty index closed at 24,968.40, down 143.05 points, or 0.57 percent, from its previous close.

The BSE mid-cap and small-cap indexes ended down around 0.6 percent each.

The market breadth was weak on the BSE, with 2,384 shares declining while 1,666 shares advanced and 158 shares closed unchanged.

Among the prominent decliners, shares or private sector lender Axis Bank plunged 5.2 percent after asset quality issues and slower loan growth weighed on its Q1 earnings.

Eternal, Titan Company, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank and BEL dropped 1-2 percent.

Defense stocks succumbed to profit taking after recent strong gains, with HAL, Bharat Dynamics and Data Patterns (India) tumbling 3-5 percent.

On the positive side, Tata Steel advanced 1.7 percent and Bajaj Finance surged 1.9 percent.

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.

RTTNews | 12 phút trước

Rebound Called For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.

RTTNews | 19 phút trước

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.

RTTNews | 32 phút trước

Hang Seng May Crack Resistance At 25,000 On Tuesday

The Hong Kong stock market on Monday wrote a finish to the four-day losing streak in which it had stumbled more than 1,050 points or 4 percent. The Hang Seng Index now rests just above the 24,730-point plateau and it's expected to open higher again on Tuesday.

RTTNews | 34 phút trước

China Shares Tipped To Open In The Green On Tuesday

The China stock market on Monday ended the two-day losing streak in which it had dropped more than 55 points or 1.7 percent. The Shanghai Composite Index now sits just shy of the 3,580-point plateau and it's expected to see additional support on Tuesday.

RTTNews | 49 phút trước