Sensex Down 260 Points In Early Trade; Nifty Nears 15,700

RTTNews | 875 days ago
Stocktwits
Sensex Down 260 Points In Early Trade; Nifty Nears 15,700

(RTTNews) - Indian shares opened lower on Tuesday to extend losses from the previous session as market participants braced for tougher forward guidance from the Federal Reserve at Wednesday's meeting.

Goldman Sachs has forecast a 75-basis point interest rate hike at this week's meeting.

The benchmark S&P BSE Sensex dropped 260 points, or half a percent, to 52,588 in early trade, dragged down by financials and IT stocks. The broader NSE Nifty index was down 70 points, or 0.4 percent, at 15,704.

HDFC Bank, Tata Motors, IndusInd Bank, Tech Mahindra and Asian Paints fell 1-2 percent in the Nifty pack, while NTPC, Mahindra & Mahindra, Bharti Airtel and Power Grid Corp all rose over 1 percent.

Bajaj Finance declined 1 percent after raising fixed deposit interest rates on various tenors.

Tata Steel rose half a percent after it unveiled a 7-million-pound investment plan for its Hartlepool Tube Mill in north-east England.

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European Economic News Preview: UK Final Services PMI Data Due

European Economic News Preview: UK Final Services PMI Data Due

Final services Purchasing Managers' survey from the UK and unemployment from Spain are due on Tuesday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE is slated to issue industrial production for September. Economists forecast output to fall 0.5 percent on month, in contrast to the 1.4 percent increase seen in August.
RTTNews | 5h 25min ago
Sensex, Nifty Extend Losses For Second Day

Sensex, Nifty Extend Losses For Second Day

Indian shares traded lower for a second straight session on Tuesday due to persisting Middle East tensions and uncertainty surrounding the closely contested U.S. presidential election.
RTTNews | 6h 11min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious and seemed reluctant to make significant moves ahead of the closely contested US presidential election later in the day and the US Fed's upcoming interest rate decision later this week. Asian markets closed mostly higher on Monday.
RTTNews | 7h 25min ago
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