Sensex, Nifty Tumble On Fed Rate Hike Worries

RTTNews | 841 days ago
Stocktwits
Sensex, Nifty Tumble On Fed Rate Hike Worries

(RTTNews) - Indian shares opened sharply lower on Wednesday, tracking weak global markets and a rising dollar after comments from Federal Reserve Bank of St. Louis President James Bullard and San Francisco Federal Reserve Bank President Mary Daly underscored the need for tighter policy.

The benchmark S&P BSE Sensex fell nearly 500 points, or 0.9 percent, to 56,608 in early trade, while the broader NSE Nifty index was down 128 points, or 0.8 percent, at 16,879.

Among the prominent decliners, ONGC, ITC, SBI Life, HDFC Life and IndusInd Bank all fell around 2 percent.

HCL Technologies edged down slightly after announcing a rebranding.

Torrent Pharma tumbled 3.3 percent on news it would acquire 100 percent stake in Curatio Healthcare for Rs. 2,000 crore.

BHEL dipped half a percent despite securing an order from NTPC to set up a 2x660 megawatt thermal power project.

Axis Bank fell about 1 percent. The private sector lender is investing around Rs 50-70 crore to acquire a little less than a 10 percent stake in Fairfax-backed Go Digit Life Insurance.

Mothersons Sumi Wiring India jumped nearly 5 percent ahead of a board meeting this week to consider a bonus issue.

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 39min 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 46min 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 25min 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 8min 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 38min 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 53min 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 | 8h 57min ago
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