Sensex, Nifty Follow Global Peers Lower On US Slowdown Worries

RTTNews | 49 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.

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Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to stay above the 38,400 level, with traders remaining cautious ahead of the general election this weekend.
RTTNews | 4h 1min ago
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has tracked higher in eight straight sessions, climbing more than 300 points or 4.1 percent along the way. The Jakarta Composite Index now rests just beneath the 7,790-point plateau and it's overdue for consolidation on Wednesday.
RTTNews | 4h 50min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks amid firmer commodity prices, partially offset by weakness in technology stocks.
RTTNews | 5h 4min ago
Hang Seng Index Likely To Remain Rangebound

Hang Seng Index Likely To Remain Rangebound

The Hong Kong stock market has moved higher in two of three days since the end of the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just beneath the 20,500-point plateau and it's expected to remain in that neighborhood again on Wednesday.
RTTNews | 5h 5min ago
China Stock Market May Spin Its Wheels On Wednesday

China Stock Market May Spin Its Wheels On Wednesday

The China stock market has finished higher in three straight sessions, gathering almost 120 points or 3.5 percent along the way. The Shanghai Composite now sits just above the 3,285-point plateau although the rally may stall on Wednesday.
RTTNews | 5h 20min ago
Little Movement Expected For Taiwan Stock Market

Little Movement Expected For Taiwan Stock Market

The Taiwan stock market on Wednesday ended the three-day winning streak in which it had advanced more than 530 points or 2.4 percent. The Taiwan Stock Exchange now rests just above the 23,535-point plateau and it's looking at a fairly flat lead for Wednesday's trade.
RTTNews | 5h 50min ago
Soft Start Seen For Singapore Stock Market

Soft Start Seen For Singapore Stock Market

The Singapore stock market has ended lower in consecutive trading days, shedding more than 50 points or 1.4 percent along the way. The Straits Times Index now sits just shy of the 3,590-point plateau and it may extend its losses again on Wednesday.
RTTNews | 6h 20min ago
Malaysia Bourse May Extend Losing Streak

Malaysia Bourse May Extend Losing Streak

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 4 points or 0.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,640-point plateau and it may take further damage again on Wednesday.
RTTNews | 6h 50min ago