Sensex, Nifty Follow Global Peers Lower On US Slowdown Worries

RTTNews | 127 days ago
Sensex, Nifty Follow Global Peers Lower On US Slowdown Worries

(RTTNews) - Indian shares followed global peers lower on Wednesday as weak manufacturing data added to concerns that the U.S. economy could be headed to a recession.

Investors also looked ahead to the release of all-important U.S. jobs data on Friday for potential clues to Federal Reserve rate cuts.

The benchmark S&P/BSE Sensex fell 490 points, or 0.6 percent, to 82,065 in early trade while the broader NSE Nifty index was down 150 points, or 0.6 percent, at 25,129.

Infosys, ONGC, Wipro, LTIMindtree and Coal India tumbled 2-3 percent in the Nifty pack while Asian Paints and BPCL were up around 2 percent each on expectations that they will benefit from falling oil prices.

Crude prices extended losses in Asian trading after having slumped about 5 percent in the U.S. trading session overnight on growth worries.

The rupee edged up by 2 paise to 83.96 against the dollar in early trade.

read more
Thai Shares May Tick Higher On Thursday

Thai Shares May Tick Higher On Thursday

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,390-point plateau and they're expected to open slightly to the upside on Thursday.
RTTNews | 5h 33min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

Extending the losses in the previous sessions, the Japanese market is significantly lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,700 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 5h 45min ago
Indonesia Bourse Likely To Remain Rangebound On Thursday

Indonesia Bourse Likely To Remain Rangebound On Thursday

The Indonesia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced almost 130 points or 1.8 percent. The Jakarta Composite Index now sits just above the 7,080-point plateau and it's expected to stay in that neighborhood again on Thursday.
RTTNews | 6h 3min ago
Bargain Hunting May Boost Hong Kong Shares

Bargain Hunting May Boost Hong Kong Shares

The Hong Kong stock market has finished lower in three straight sessions, retreating more than 480 points or 2.6 percent along the way. The Hang Seng Index now sits just beneath the 19,280-point plateau although it's due for support on Thursday.
RTTNews | 6h 18min ago
China Stock Market May Be Stuck In Neutral On Thursday

China Stock Market May Be Stuck In Neutral On Thursday

The China stock market has moved higher in back-to-back sessions, collecting almost 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just above the 3,230-point plateau although it may spin its wheels on Thursday.
RTTNews | 6h 33min ago
Australian Market Notably Lower

Australian Market Notably Lower

The Australian market is trading notably lower on Thursday, snapping a five-session winning session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to staly a tad above the 8,300 level, with weakness across most sectors led by technology and iron ore miners. Gold miners were the only bright spot.
RTTNews | 6h 37min ago
Australia Retail Sales Climb 0.8% In November

Australia Retail Sales Climb 0.8% In November

The value of retail sales in Australia was up a seasonally adjusted 0.8 percent on month in November, the Australian Bureau of Statistics said on Thursday - coming in at A$37.052 billion.
RTTNews | 6h 45min ago