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Sensex, Nifty Off Day's Lows; IT Stocks Worst Hit

RTTNews | 852 दिनों पहले

Sensex, Nifty Off Day's Lows; IT Stocks Worst Hit

(RTTNews) - Indian shares tumbled on Wednesday, mirroring weak global cues as hotter-than-expected U.S. inflation numbers for August dented investor optimism over price decline and the pace of rate hikes.

The benchmark S&P/BSE Sensex was down 512 points, or 0.9 percent, at 60,058, after having hit a low of 59,417 earlier in the day.

The broader NSE Nifty index was down 141 points, or 0.8 percent, at 17,930.

Elevated oil prices and a rising dollar in international markets also spurred risk aversion.

Infosys slumped 4 percent after reports that it has warned its employees against dual employment or moonlighting

HCL Technologies lost 2.2 percent on reports it has laid off 350 employees working on a Microsoft news project.

Rivals TCS, Wipro and Tech Mahindra gave up 2-4 percent.

KEC International rallied 2 percent on news it has secured new orders of Rs. 1,108 crore across its various businesses.

Ambuja Cements jumped 3 percent on fund raising reports.

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Sensex, Nifty Close Sharply Lower For 4th Straight Day

Sensex, Nifty Close Sharply Lower For 4th Straight Day

Indian shares tumbled on Monday, losing ground for a fourth straight session, as upbeat U.S. jobs data dimmed prospects of a rate cut by the Federal Reserve this month.

RTTNews | 5घंटे 18 मिनट पहले

DAX Drops Amidst Rising Yields

DAX Drops Amidst Rising Yields

The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange extended losses on Monday amidst rising bond yields and fears of a hawkish tilt in the Federal Reserve's monetary policy stance.

RTTNews | 5घंटे 25 मिनट पहले

FTSE 100 Modestly Lower In Cautious Trade

FTSE 100 Modestly Lower In Cautious Trade

U.K. stocks are exhibiting weakness on Monday, in line with other major markets in Europe, as rising bond yields and uncertainty about global economic and interest rate outlook continue to weigh on sentiment.

RTTNews | 5घंटे 54 मिनट पहले

CAC 40 Down Nearly 1% On Weak Global Cues

CAC 40 Down Nearly 1% On Weak Global Cues

French stocks are moderately lower on Monday, weighed down by continued rise in bond yields and fading hopes of a rate cut by the Federal Reserve this month. Also, investors appear wary of building up long positions amid U.S. tariff fears, and a lack of fresh economic data.

RTTNews | 6घंटे 25 मिनट पहले

Asian Markets Slide Amidst Fed Jitters

Asian Markets Slide Amidst Fed Jitters

Asian markets declined heavily amidst fears of an extended pause by the Federal Reserve attributed to stronger-than-expected payrolls data from the U.S.

RTTNews | 6घंटे 30 मिनट पहले

DAX Drifting Lower On Weak Global Cues

DAX Drifting Lower On Weak Global Cues

German stocks are down in negative territory Monday morning, amid weakness in markets in Europe, due to rising bond yields and fading hopes of a Fed rate cut this month. Trade war fears, lingering concerns about economic slowdown in the Eurozone and political crisis in some major European countries are also weighing on sentiment.

RTTNews | 6घंटे 44 मिनट पहले

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Monday.

RTTNews | 7घंटे 4 मिनट पहले

U.S. Dollar Rises Against Most Majors

U.S. Dollar Rises Against Most Majors

The U.S. dollar strengthened against most major currencies in the Asian session on Monday.

RTTNews | 9घंटे 5 मिनट पहले

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