Sensex, Nifty Tumble On Fed Rate Hike Worries

RTTNews | 943 days ago
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.

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European Shares Seen Opening Up In Cautious Trade

European Shares Seen Opening Up In Cautious Trade

European stocks are likely to open on a steady note Monday after U.S. stocks posted their longest advance in three months on Friday amid signs of easing trade tensions and bets the Federal Reserve will cut interest rates as early as June, as the American economy softens.
RTTNews | 2h 57min ago
Sensex, Nifty Follow Global Peers Higher

Sensex, Nifty Follow Global Peers Higher

Indian shares were trading higher on Monday, tracking firm cues from global markets. The benchmark S&P/BSE was up 548 points, or 0.7 percent, at 79,760 despite rising tensions between India and Pakistan, triggered by the Pahalgam terror attack.
RTTNews | 4h 14min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,000.00 mark, with gains technology, energy and financial stocks partially offset by weakness in mining stocks.
RTTNews | 5h 12min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on easing global trade tensions amid ongoing tariff talks between the US and some of its partner countries, including China and Japan. There are also hopes for additional stimulus measures in China aimed at offsetting the impact of US tariffs.
RTTNews | 5h 28min ago
Thai Stock Market May See Additional Support On Monday

Thai Stock Market May See Additional Support On Monday

The Thai stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had gained almost 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau and it's expected to extend open in the green again on Monday.
RTTNews | 6h 33min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Monday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 35,900 level, with gains across most sectors led by automakers and financial stocks. Technology stocks are the only weak spot amid profit booking.
RTTNews | 6h 56min ago
Indonesia Bourse Tipped To Open In The Green

Indonesia Bourse Tipped To Open In The Green

The Indonesia stock market rebounded again on Friday, one day after halting the four-day winning streak in which it had climbed almost 240 points or 3.7 percent. The Jakarta Composite Index now rests just beneath the 6,680-point plateau and it's expected to open higher again on Monday.
RTTNews | 7h 3min ago