Sensex, Nifty Decline; Auto And Pharma Stocks Lead Losses

RTTNews | 28 days ago
Sensex, Nifty Decline; Auto And Pharma Stocks Lead Losses

(RTTNews) - Indian shares drifted lower again on Tuesday, after having snapped a five-day losing streak the previous day.

The benchmark S&P/BSE Sensex was down 370 points, or half a percent, at 79,633 in early trade while the broader NSE Nifty index was down 125 points, or half a percent, at 24,213.

Automakers traded lower, with Bajaj Auto and Tata Motors falling around 3 percent each.

Hero Moto Corp declined 1.7 percent after revealing its 2024 EICMA plans.

Indian Oil Corp fell 2.5 percent after Q2 net profit slumped 98 percent.

Bharti Airtel dropped 2.7 percent despite second-quarter profit surging 168 percent year-on-year led by tariff hikes.

Sun Pharma gave up 1.4 percent despite reporting a 28 percent rise in quarterly profit. Peer Cipla was down nearly 3 percent.

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Thai Shares Called Rangebound Again On Tuesday

Thai Shares Called Rangebound Again On Tuesday

The Thai stock market has moved lower in two of three trading days since the end of 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 beneath the 1,445-point plateau and it's expected to bounce higher again on Tuesday.
RTTNews | 5h 18min ago
Australian Market Notably Lower

Australian Market Notably Lower

Reversing some of the gains in the previous two sessions, the Australian stock market is trading notably lower on Tuesday after opening in the green, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is retracting from all-time highs and falling below the 8,400 level, with weakness in financial and energy stocks amid tumbling crude oil prices.
RTTNews | 5h 37min ago
Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has climbed higher in consecutive trading days, rallying almost 175 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,315-point plateau and it's poised to extend its gains again on Tuesday.
RTTNews | 5h 48min ago
Hang Seng Expected To Halt Losing Streak

Hang Seng Expected To Halt Losing Streak

The Hong Kong stock market has moved lower in three straight sessions, dropping more than 550 points or 3 percent along the way. The Hang Seng Index now sits just above the 19,150-point plateau although it may find traction on Tuesday.
RTTNews | 6h 3min ago
China Bourse Set To End Losing Streak

China Bourse Set To End Losing Streak

The China stock market has moved lower in back-to-back sessions, slipping just 6 points or 0.2 percent in that span. The Shanghai Composite now sits just beneath the 3,265-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 6h 18min ago
Higher Open Expected For Taiwan Stock Market

Higher Open Expected For Taiwan Stock Market

The Taiwan stock market has climbed higher in back-to-back sessions, advancing almost 400 points or 1.8 percent along the way. The Taiwan Stock Exchange now rests just beneath the 22,950-point plateau and it may see additional support on Tuesday.
RTTNews | 6h 48min ago
Rebound Predicted For Singapore Stock Market

Rebound Predicted For Singapore Stock Market

The Singapore stock market headed south again on Monday, one session after ending the two-day slide in which it had slipped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,730-point plateau and it's expected to bounce higher again on Tuesday.
RTTNews | 7h 18min ago