Sensex Slumps 750 Points On US Rate Hike Worries; Nifty Slips Below 17,100

RTTNews | 949天前
Sensex Slumps 750 Points On US Rate Hike Worries; Nifty Slips Below 17,100

(RTTNews) - Indian shares opened sharply lower on Monday on the back of weak global cues, as signs of a strong U.S. labor market and rising oil prices stoked fresh worries about inflation and further rate rises.

Geopolitical tensions also returned to the fore after a powerful blast damaged Russia's road-and-rail bridge to Crimea.

The benchmark S&P BSE Sensex fell 750 points, or 1.3 percent, to 57.445 in early trade, while the broader NSE Nifty index was down 217 points, or 1.3 percent, at 17,098. The rupee opened at a record low of 82.64 against the greenback.

Asian Paints, Hindustan Unilever, HDFC, Hero MotoCorp and Tata Motors tumbled 2-3 percent.

TCS dropped half a percent ahead of its Q2 earnings release.

IDBI Bank soared 8.5 percent on stake sale reports.

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U.S. Dollar Higher On Trade Hopes

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RTTNews | 2小时36分钟前
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RTTNews | 4小时26分钟前
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RTTNews | 4小时49分钟前
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RTTNews | 7小时46分钟前
Eurozone Trade Surplus Surges On Exports To US

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RTTNews | 8小时36分钟前