Sensex, Nifty Extend Sell-off For Sixth Day; Pharma Stocks Shine

RTTNews | 840 days ago
Stocktwits
Sensex, Nifty Extend Sell-off For Sixth Day; Pharma Stocks Shine

(RTTNews) - Indian shares ended a volatile session notably lower on Wednesday, mirroring weak global cues, rising Treasury yields and a soaring dollar after a slew of Fed officials said they need to keep raising rates to restore price stability.

A weakening rupee amid rising FII outflows in recent sessions, concerns about energy shortages in Europe and Britain's radical tax cuts to spur growth also weighed on sentiment.

The rupee traded at a record low of 81.93 today as the dollar marched to a fresh 20-year high against major rivals and a continuing global bond rout pushed 10-year Treasury yields to the highest since 2008.

The benchmark S&P BSE Sensex fell 509.24 points, or 0.89 percent, to close at 56,598.28, extending its losing streak for a sixth straight session.

The broader NSE Nifty index ended the session down 148.80 points, or 0.87 percent, at 16,858.60.

Reliance Industries, ITC, Axis Bank, JSW Steel and Hindalco led losses to close 3-4 percent lower while Asian Paints climbed 2.8 percent to top the gainers list amid recent declines in crude oil prices.

Power Grid Corp, Eicher Motor, Dr Reddy's Laboratories and Sun Pharma rose 1-2 percent.

Stocktwits
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Sensex, Nifty Modestly Higher In Cautious Trade

Sensex, Nifty Modestly Higher In Cautious Trade

Indian shares opened on a positive note Thursday as investors cheered a soft U.S. inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.
RTTNews | 5h 44min ago
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, after data showing a slowdown in the annual rate of core consumer prices growth in the U.S. in December helped ease concerns about US Fed's interest rate trajectory. The currencies in the region also strengthened against the US dollar. Asian Markets closed mostly lower on Wednesday.
RTTNews | 6h 50min ago
Australian Market Trims Early Strong Gains In Mid-market

Australian Market Trims Early Strong Gains In Mid-market

The Australian stock market slightly trims early strong gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains is gold miners, technology and financial stocks.
RTTNews | 7h 30min ago
Thai Shares Tipped To Open In The Green

Thai Shares Tipped To Open In The Green

The Thai stock market on Wednesday ended the two-day losing streak in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 8h 13min ago
Indonesia Stock Market May Add To Its Winnings

Indonesia Stock Market May Add To Its Winnings

The Indonesia stock market on Wednesday ended the two-day slide in which it had slumped more than 130 points or 1.8 percent. The Jakarta Composite Index now sits just beneath the 7,080-point plateau and it may extend its gains on Thursday.
RTTNews | 8h 43min ago
Further Upside Seen For Hong Kong Stock Market

Further Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has moved higher in consecutive trading days, collecting more than 400 points or 2.1 percent along the way. The Hang Seng Index now sits just beneath the 19,300-point plateau and it may add to its winnings on Thursday.
RTTNews | 8h 58min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is significantly higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,700 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 9h 1min ago
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