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Sensex Slumps 1,272 Points; Nifty Ends At 25,810

RTTNews | 61 dni temu

Sensex Slumps 1,272 Points; Nifty Ends At 25,810

(RTTNews) - Indian shares fell sharply on Monday even as metal stocks logged strong gains following China's announcement of several measures to boost its slowing economy over the weekend.

A cautious undertone prevailed due to rising tensions in the Middle East after Israel intensified its military operations against Hezbollah in Lebanon on Sunday, targeting numerous sites following the killing of the group's leader, Sayyed Hassan Nasrallah.

It is feared that Israel's increased attacks against Hezbollah in Lebanon and Houthi in Yemen may bring the region one step closer to a much wider conflict involving Iran and the United States.

There were also apprehensions that a plausible increase in Yen interest rate can reduce cross country investments in equity.

The benchmark S&P/BSE Sensex tumbled 1,272.07 points, or 1.49 percent, to 84,299.78 while the broader NSE Nifty index closed at 25,810.85, down 368.10 points, or 1.41 percent, from its previous close.

BEL, Reliance Industries, Trent, Axis Bank and Hero MotoCorp fell 3-4 percent in the Nifty pack, while JSW Steel topped the gainers list to end nearly 3 percent higher.

Tata Steel, Britannia Industries, Hindalco and NTPC all rose around 1 percent.

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TSX Hits New Record High Again, Ends 0.41% Up

TSX Hits New Record High Again, Ends 0.41% Up

The Canadian market posted a record closing high for the third consecutive day as technology stocks climbed higher on strong buying interest on Friday.

RTTNews | 16g 55 minut temu

Dollar Drifts Lower Against Major Currencies

Dollar Drifts Lower Against Major Currencies

The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.

RTTNews | 18g 17 minut temu

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.

RTTNews | 18g 39 minut temu

Swiss Market Ends Higher After Choppy Session

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.

RTTNews | 21g 40 minut temu

European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.

RTTNews | 21g 57 minut temu

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.

RTTNews | 22g 46 minut temu

Eurozone Inflation Accelerates To 2.3%

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.

RTTNews | 1 dni temu

Pound Weakens Despite BoE's Slower Rate Cut Prospects

Pound Weakens Despite BoE's Slower Rate Cut Prospects

The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.

RTTNews | 1 dni temu

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