Sensex, Nifty Extend Declines For Second Day, Auto And FMCG Stocks Outperform

RTTNews | vor 23Std 6 Minuten
Sensex, Nifty Extend Declines For Second Day, Auto And FMCG Stocks Outperform

(RTTNews) - Indian shares fell notably on Thursday as new data underscored persistent deflationary pressure in China and U.S. President-elect Donald Trump's tariff plans fueled uncertainty.

Concerns over a potential moderation in corporate earnings growth and the Federal Reserve's hawkish stance on rate cuts also dampened sentiment.

The benchmark S&P/BSE Sensex fell by 528.28 points, or 0.68 percent, to 77,620.21, extending declines for a second day running as the dollar held firm and U.S. Treasury yields remained elevated on worries about the inflation impacts from Trump's policies.

It is believed that U.S. President-elect Trump's fiscal and tariff policies will boost U.S. growth while adding to price pressures.

The broader NSE Nifty index ended down 162.45 points, or 0.69 percent, at 23,526.50 while the BSE mid-cap and small-cap indexes ended down 1 percent and 1.2 percent, respectively.

The market breadth was negative on the BSE, with 2,732 shares declining while 1,225 shares advanced and 110 shares ended unchanged.

Among the prominent decliners, Tata Steel, Coal India, BPCL, Shriram Finance and ONGC dropped 2-3 percent. TCS declined 1.6 percent ahead of its earnings announcement

FMCG stocks rose on defensive buying, with Britannia Industries, Hindustan Unilever and Nestle rising 1-2 percent.

Auto stocks also surged, with Mahindra & Mahindra rising 1.5 percent and Bajaj Auto rallying 2.1 percent.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
RTTNews | vor 6Std 2 Minuten
Australian Market Maintains Early Losses In Mid-market

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The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.
RTTNews | vor 6Std 37 Minuten
Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.
RTTNews | vor 6Std 56 Minuten
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | vor 7Std 20 Minuten
Higher Open Called For Thai Stock Market

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RTTNews | vor 7Std 23 Minuten
Mild Upside Seen For Indonesia Stock Market

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The Indonesia stock market has moved lower in two straight sessions, slipping almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,060-point plateau although it's expected to open in the green on Friday.
RTTNews | vor 7Std 53 Minuten
Hong Kong Stock Market May Stop The Bleeding On Friday

Hong Kong Stock Market May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in four straight sessions, retreating more than 520 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 19,240-point plateau although it's due for support on Friday.
RTTNews | vor 8Std 8 Minuten