Advertisement
Sensex, Nifty End Choppy Session Modestly Lower
(RTTNews) - Indian shares ended a choppy session lower on Tuesday, adding to steep losses posted in the previous session.
Somewhat encouraging retail inflation data on the domestic front and gains in U.S. stock futures helped limit the downside in the broader market.
The benchmark S&P BSE Sensex dropped 153.13 points, or 0.29 percent, to 52,693.57, extending losses for the third straight session.
The broader NSE Nifty index fell 42.30 points, or 0.27 percent, to 15,732.10 as investors braced for aggressive hikes and hawkish guidance from the Federal Reserve on Wednesday.
Goldman Sachs and JPMorgan Chase & Co. said they expect the Fed to raise interest rates by 75 basis points at their meeting on Wednesday.
As recession worries grow, the messaging around future guidance is going to be key to determine market reactions.
Tech Mahindra, Hindalco, ONGC, IndusInd Bank and Bajaj Auto tumbled 2-5 percent while Cipla, Mahindra & Mahindra, Divis Laboratories, Bharti Airtel and NTPC rose 1-2 percent.
TSX Ends 1.6% Down As Trade War Fears Rise
U.S. Dollar Drops After PCE Inflation Data
Swiss Market Ends Modestly Lower After Choppy Session
European Stocks Close Lower On Growth Worries Following Trump's Tariff Moves
Canadian Market Down Sharply On Widespread Selling
German Unemployment Rate Rises In March
U.S. Consumer Sentiment Slumps More Than Previously Estimated In March
