Sensex Plunges 1,235 Points Amid Trump's Uncertain Tariff Plan; Nifty Nears 23,000

RTTNews | 72 days ago

(RTTNews) - Indian shares tumbled on Tuesday, with selling seen across the board following U.S. President Donald Trump's announcement of trade tariffs on neighboring countries shortly after taking office.

Concerns over weak corporate earnings and continued foreign fund outflows also dampened sentiment.

The dollar rebounded as global markets grappled with a mixed set of signals from Trump.

He delayed tariff plans on Chinese goods but threatened to impose tariffs on two of US' immediate neighbors - Canada and Mexico.

Trump also ordered his administration to address unfair trade practices globally. The benchmark S&P/BSE Sensex slumped 1,235.08 points, or 1.60 percent, to 75,838.36 amid spike in volatility.

The broader NSE Nifty index closed at 23,024.65, down 320.10 points, or 1.37 percent, from its previous close.

Second-line stocks also followed suit, with the mid-cap and small-cap indexes on the BSE closing down 1.9 percent and 2 percent, respectively.

The market breadth was negative on the BSE, with 2,774 shares declining, while 1,202 shares advanced and 112 shares ended unchanged.

Among the prominent decliners, Adani Enterprises, ICICI Bank, Adani Ports, NTPC and Trent plummeted 3-6 percent.

Dixon Technologies fell nearly 14 percent, Zomato dropped over 10 percent and Newgen Software tumbled 16.6 percent after announcing their quarterly results.

One97 Communications lost 5.6 percent after Q3 contribution margin missed analyst estimates amid higher DLG (default loan guarantee) cost.

HDFC Bank ended little changed ahead of its earnings due Wednesday.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.

RTTNews | 4h 7min ago

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 4h 50min ago

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.

RTTNews | 4h 58min ago

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 6h 1min ago

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 6h 28min ago

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.

RTTNews | 6h 30min ago

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.

RTTNews | 7h 0min ago

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.

RTTNews | 7h 30min ago

EURUSD	1.10773	GBPUSD	1.30918	AUDUSD	0.62482
USDJPY	145.808	USDCAD	1.40974	USDCHF	0.85475

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Sensex Plunges 1,235 Points Amid Trump's Uncertain Tariff Plan; Nifty Nears 23,000