Sensex, Nifty Tumble As FMCG And Private Banks Drag

RTTNews | 552 ngày trước
Sensex, Nifty Tumble As FMCG And Private Banks Drag

(RTTNews) - Indian shares fell sharply on Thursday, with FMCG stocks leading losses.

Rate-sensitive stocks also underperformed after the Reserve Bank of kept its key interest rate unchanged for a sixth consecutive meeting, as widely expected.

The central bank projected headline consumer price inflation to be 5.4 percent in the current fiscal year and 4.5 percent for 2024-25.

The Indian economy is set projected to expand 7.3 percent in 2023-24 and 7.0 percent in 2024-25.

The benchmark S&P BSE Sensex fell 723.57 points, or 1.0 percent to 71,428.43 while the broader NSE Nifty index dropped 212.55 points, or 0.97 percent, to 21,717.95.

Among the prominent decliners, Eicher Motor, Nestle India, Axis Bank, Britannia Industries and Kotak Mahindra Bank lost-2-3 percent.

ITC declined 2.6 percent after British American Tobacco announced that it plans to sell some of its stake in India's cigarette-to-hotels conglomerate.

Tata Consumer Products fell 2.2 percent after Q3 profit missed estimates.

Among the top gainers, SBI rallied 3.6 percent amid reports that it is looking to sell Rs 5000-7000 crore worth of YES Bank shares via a block deal.

Hindalco, Coal India, Power Grid Corp and BPCL climbed 2-3 percent.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.
RTTNews | 52 phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.
RTTNews | 1h 25phút trước
Thai Stock Market May Tick Higher Again On Thursday

Thai Stock Market May Tick Higher Again On Thursday

The Thai stock market bounced higher again on Wednesday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it may add to its gains from the previous session.
RTTNews | 2h 23phút trước
Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has tracked higher in four straight sessions, improving more than 400 points or 5.3 percent along the way. The Jakarta Composite Index now sits just above the 7,890-point plateau and it's expected to open higher again on Thursday.
RTTNews | 2h 53phút trước
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, snapping the seven-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 42,900 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in financial stocks.
RTTNews | 2h 58phút trước
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time highs, with gains in mining, energy and financial stocks.
RTTNews | 3h 20phút trước
China Stock Market May Challenge 3,700-Point Level

China Stock Market May Challenge 3,700-Point Level

The China stock market has moved higher in three straight sessions, collecting almost 50 points or 1.4 percent along the way. The Shanghai Composite Index now sits just above the 3,680-point plateau and it may extend its gains again on Thursday.
RTTNews | 3h 24phút trước