Sensex, Nifty Down Sharply As Stocks Fall For 2nd Straight Session

RTTNews | 465天前

(RTTNews) - Despite positive cues from Wall Street and Asian markets, Indian shares are drifting lower on Friday after opening marginally down.

Index heavyweight Reliance Industries, and major bank stocks are among the prominent losers in early trades.

The benchmark BSE Sensex, which plunged to 59,390.80, is cyrrently down 681.31 points or 1.13% at 59,523.75. The National Stock Exchange's Nifty index is down 177.90 points or 0.99% at 17,714.05.

HDFC is down by about 3%. ICICI Bank, HDFC Bank, State Bank of India and Axis Bank are down 2 to 2.8%, while Kotak Bank is lower by about 1.4% and IndusInd Bank is down nearly 1%.

Reliance Industries is down 1.8%, Asian Paints is declining 2.1%, Hindustan Unilever, Larsen & Toubro, Bharti Airtel and Maruti Suzuki are down 0.7 to 1.4%.

Adani Enterprises Limited shares are down more than 3%, losing ground for a second straight session. Shares of most of the Adani group firms have plunged sharply for the second successive day, weighed down by a report from Hindenburg Research levelling a series of exraordinary allegations about the conglomerate.

Tata Motors is up nearly 6.5%. The company eported consolidated net profit of Rs 2,958 crore for the October - December quarter, as against net loss of Rs 1,516 crore in the corresponding quarter of the previous year.

Bajaj Auto is up 6.3% after reporting a 23% increase in standalone net profit at Rs 1,491 crore for the quarter ended December 2022.

Dr. Reddy's Laboratories is gaining more than 3.5%. The pharma major said its net profit rose as much as 77% in the December quarter over the year-ago quarter.

Cipla is up 2.5%, ITC is gaining about 1.6%, and Divi's Laboratories is rising 1.3%.

Singapore Stock Market May Find Additional Support On Tuesday

The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,300-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The STI finished modestly higher on Monday following gains from the financial shares, property stocks and industrial issues. For the day, the index gained 10.26 points or 0.31 percent to finish at 3,303.19 after trading between 3,292.03 and 3,307.92. Among the actives, CapitaLand Investment spiked 1.92 percent, while City Developments advanced 0.67 percent, Comfort DelGro fell 0.17 percent, DBS Group collected 0.48 percent, Genting Singapore dropped 0.56 percent, Hongkong Land jumped 1.54 percent, Keppel DC REIT surged 2.98 percent, Keppel Ltd rose 0.15 percent, Mapletree Pan Asia Commercial Trust accelerated 1.64 percent, Mapletree Industrial Trust climbed 0.92 percent, Mapletree Logistics Trust soared 2.96 percent, Oversea-Chinese Banking Corporation eased 0.07 percent, SATS slumped 0.78 percent, Seatrium Limited retreated 1.09 percent, SembCorp Industries added 0.38 percent, Singapore Technologies Engineering shed 0.25 percent, Venture Corporation tumbled 1.45 percent, Wilmar International sank 0.31 percent, Yangzijiang Financial rallied 1.56 percent and Yangzijiang Shipbuilding, CapitaLand Integrated Commercial Trust, Thai Beverage, SingTel and Emperador were unchanged.

RTTNews | 4小时0分钟前

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, gathering more than 20 points or 1.4 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The KLCI finished modestly higher on Monday following gains from the financial shares and mixed performances from the plantations and telecoms. For the day, the index added 7.80 points or 0.49 percent to finish at 1,597.39 after trading between 1,591.17 and 1,598.26. Among the actives, Axiata skidded 1.04 percent, while Celcomdigi and Tenaga Nasional both added 0.49 percent, CIMB Group jumped 1.50 percent, Genting fell 0.22 percent, Genting Malaysia sank 0.38 percent, IHH Healthcare was up 0.16 percent, IOI Corporation retreated 1.47 percent, Kuala Lumpur Kepong dipped 0.17 percent, Maxis shed 0.28 percent, Maybank collected 0.31 percent, MISC eased 0.12 percent, MRDIY rallied 1.19 percent, PPB Group lost 0.25 percent, Press Metal perked 0.19 percent, Public Bank spiked 1.94 percent, QL Resources advanced 0.61 percent, RHB Capital climbed 0.74 percent, Sime Darby tumbled 1.74 percent, Sime Darby Plantations gained 0.23 percent, Telekom Malaysia slid 0.16 percent, YTL Corporation soared 2.45 percent, YTL Power surged 2.51 percent and Petronas Chemicals, Hong Leong Bank and AMMB Holdings were unchanged.

RTTNews | 4小时30分钟前

South Korea Shares Due For Support On Tuesday

Ahead of Monday's holiday for Children's Day, the South Korea stock market had ended lower in two straight sessions, slipping more than 15 points or 0.6 percent in that span. The KOSPI now sits just above the 2,675-point plateau although it figures to stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The KOSPI finished slightly lower on Friday as losses from the technology stocks and automobile companies were mitigated by support from the financial sector. For the day, the index lost 7.02 points or 0.26 percent to finish at the daily low of at 2,676.63 after peaking at 2,705.26. Volume was 329.8 million shares worth 7.7 trillion won. There were 477 decliners and 390 gainers. Among the actives, Shinhan Financial rallied 1.42 percent, while KB Financial jumped 1.94 percent, Hana Financial collected 1.75 percent, Samsung Electronics shed 0.51 percent, Samsung SDI retreated 1.24 percent, LG Electronics advanced 0.98 percent, SK Hynix fell 0.23 percent, Naver soared 3.07 percent, LG Chem was down 0.37 percent, Lotte Chemical strengthened 1.59 percent, S-Oil rose 0.29 percent, SK Innovation added 0.55 percent, POSCO climbed 1.13 percent, SK Telecom slid 0.39 percent, KEPCO lost 0.47 percent, Hyundai Motor plunged 3.21 percent, Kia Motors plummeted 4.77 percent and Hyundai Mobis was unchanged.

RTTNews | 5小时0分钟前

TSX Ends Higher For 3rd Straight Day

The Canadian market ended sharply higher on Monday, extending gains to a third straight session, thanks to firm commodity prices and rising optimism about interest rate cuts by several central banks, including the Federal Reserve and the Bank of India, by the later part of the second quarter, or early third quarter.

RTTNews | 5小时54分钟前

Australia Interest Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent.

RTTNews | 6小时0分钟前

Dollar Drifts Lower On Rate Cut Bets

The U.S. dollar shed ground against its major counterparts on Monday with investors growing increasingly confident about a rate cut in the coming months.

RTTNews | 6小时44分钟前

Canadian Market Up Sharply, Looks Headed For Buoyant Close

The Canadian market is up firmly in positive territory Monday afternoon with stocks from several sectors posting strong gains thanks to sustained buying support amid rising hopes of interest rate cuts by several central banks, including the Fed, European Central Bank and the Bank of Canada.

RTTNews | 9小时14分钟前

Swiss Market Ends Higher Again

The Switzerland market ended on a firm note on Monday, moving higher for a second straight session, on optimism several central banks, including the Federal Reserve and the ECB will soon start reducing interest rates.

RTTNews | 10小时33分钟前

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