Sensex, Nifty Follow Global Peers Lower

RTTNews | hace 836
Sensex, Nifty Follow Global Peers Lower

(RTTNews) - Indian shares opened lower on Tuesday, as Treasury yields climbed and the dollar strengthened on expectations of higher Fed fund rates.

Former Federal Reserve official William Dudley said on Monday it was likely interest rates could go higher even as U.S. unemployment started to creep higher.

The benchmark S&P BSE Sensex was down 545 points, or 0.9 percent, at 61,261 in early trade, while the broader NSE Nifty index dropped 164 points, or 0.9 percent, to 18,256.

Among the prominent decliners, Asian Paints, HCL Technologies, Eicher Motors, Tech Mahindra and Hindalco gave up 2-3 percent.

Dabur India tumbled 3 percent on reports that its promoters are looking to sell shares worth almost Rs 800 crore ($100 million) via a block deal.

Wipro fell 1.3 percent. Wipro Consumer Care said that it has acquired Kerala's packaged food and spices brand Nirapara for an undisclosed amount.

IRCTC slipped half a percent. State-insurer LIC has increased its stake in the company to 7.3 percent.

HDFC lost 1 percent after hiking its retail prime lending rate on housing loans by 35 basis points.

NBCC India gained 2 percent on winning a contract for construction of a new multi-storied quarter complex from Odisha Power Transmission Corporation.

read more
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
RTTNews | hace 4h 12min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | hace 4h 50min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | hace 5h 33min
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
RTTNews | hace 5h 40min
Japanese Market Sharply Lower; Down 2.4%

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | hace 6h 44min
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | hace 7h 11min
Thai Shares Tipped To Open Under Water Again On Friday

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.
RTTNews | hace 7h 12min
Soft Start Expected For Singapore Stock Market

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.
RTTNews | hace 7h 42min