Sensex, Nifty Follow Global Peers Lower

RTTNews | 835 days ago
Sensex, Nifty Follow Global Peers Lower

(RTTNews) - Indian shares opened lower on Tuesday, as Treasury yields climbed and the dollar strengthened on expectations of higher Fed fund rates.

Former Federal Reserve official William Dudley said on Monday it was likely interest rates could go higher even as U.S. unemployment started to creep higher.

The benchmark S&P BSE Sensex was down 545 points, or 0.9 percent, at 61,261 in early trade, while the broader NSE Nifty index dropped 164 points, or 0.9 percent, to 18,256.

Among the prominent decliners, Asian Paints, HCL Technologies, Eicher Motors, Tech Mahindra and Hindalco gave up 2-3 percent.

Dabur India tumbled 3 percent on reports that its promoters are looking to sell shares worth almost Rs 800 crore ($100 million) via a block deal.

Wipro fell 1.3 percent. Wipro Consumer Care said that it has acquired Kerala's packaged food and spices brand Nirapara for an undisclosed amount.

IRCTC slipped half a percent. State-insurer LIC has increased its stake in the company to 7.3 percent.

HDFC lost 1 percent after hiking its retail prime lending rate on housing loans by 35 basis points.

NBCC India gained 2 percent on winning a contract for construction of a new multi-storied quarter complex from Odisha Power Transmission Corporation.

read more
CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

French stocks are down sharply Thursday morning, mirroring losses in markets across Europe amid concerns about the impact of new tariffs announced by U.S. President Donald Trump. It is feared that the new levies could fuel inflation and disrupt global supply chains, and lead to trade wars.
RTTNews | 4h 4min ago
Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 4h 31min ago
European Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | 5h 20min ago
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | 5h 42min ago
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | 5h 43min ago
U.S. Dollar Drops Amid Fed Rate Cut Bets

U.S. Dollar Drops Amid Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
RTTNews | 5h 46min ago
Commodity Currency's Slide As Trump Unveils Tariff Plans

Commodity Currency's Slide As Trump Unveils Tariff Plans

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 5h 57min ago