Sensex Drops 942 Points; Nifty Ends Below 24,000

RTTNews | il y a 20
Sensex Drops 942 Points; Nifty Ends Below 24,000

(RTTNews) - Indian shares tumbled on Monday, as heightened tensions in the Middle East along with anxiety ahead of this week's U.S. presidential election and the Federal Reserve's interest-rate decision dented investors' appetite for risk.

Oil prices were up nearly 3 percent in European trade after OPEC+ agreed to push back its December production increase by at least a month, prioritizing price support over regaining market share.

There is some concern that rising crude prices could further stoke inflationary pressures and inflate India's import bill.

The benchmark S&P/BSE Sensex fell 941.88 points, or 1.18 percent, to 78,782.24, after having ended Samvat 2081's first trading session, called Muhurat Trading, on a positive note on Friday.

The broader NSE Nifty index ended down 309 points, or 1.27 percent, at 23,995.35 amid across-the-board selling.

The Sensex hit a low of 78,232.60 in early trade and the Nifty dipped to 23,816.15 in intraday trade on the back of unbated selling by foreign portfolio investors.

Among the prominent decliners, BPCL, Adani Ports, Bajaj Auto, Grasim and Hero MotoCorp lost 3-4 percent.

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Sensex, Nifty Set For Gap-up Opening

Sensex, Nifty Set For Gap-up Opening

Indian shares may see a gap-up opening on Monday after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
RTTNews | il y a 5h 58min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving above the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks after recent data showed headline inflation slowing to a nine-month low.
RTTNews | il y a 6h 7min
Thai Stock Market Expected To Open In The Green On Monday

Thai Stock Market Expected To Open In The Green On Monday

The Thai stock market rebounded on Friday, one day after snapping the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,445-point plateau and it's tipped to open to the upside again on Monday.
RTTNews | il y a 6h 28min
Indonesia Stock Market May Add To Its Winnings On Monday

Indonesia Stock Market May Add To Its Winnings On Monday

The Indonesia stock market on Friday ended the two-day losing streak in which it had slumped almost 55 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Monday.
RTTNews | il y a 6h 58min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,400.00 level, with gains across most sectors led by mining, energy and technology stocks. Financial stocks are the only weak spot.
RTTNews | il y a 7h 12min
Hong Kong Shares Due For Support On Monday

Hong Kong Shares Due For Support On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping more than 470 points or 2.5 percent along the way. The Hang Seng Index now sits just beneath the 19,230-point plateau although it may stop the bleeding on Monday.
RTTNews | il y a 7h 13min
China Stock Market May Cut Into Friday's Losses

China Stock Market May Cut Into Friday's Losses

The China stock market on Friday halted the three-day winning streak in which it had advanced more than 35 points or 1 percent. The Shanghai Composite now sits just beneath the 3,270-point plateau although it's likely to make back some of that on Monday.
RTTNews | il y a 7h 28min
Taiwan Bourse May Extend Friday's Gains

Taiwan Bourse May Extend Friday's Gains

The Taiwan stock market on Friday snapped the two-day slide in which it had stumbled almost 300 points or 1.3 percent. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and it may see additional support on Monday.
RTTNews | il y a 7h 58min