Sensex, Nifty Extend Sell-off For Sixth Day; Pharma Stocks Shine

RTTNews | Pred 943 dňami
Sensex, Nifty Extend Sell-off For Sixth Day; Pharma Stocks Shine

(RTTNews) - Indian shares ended a volatile session notably lower on Wednesday, mirroring weak global cues, rising Treasury yields and a soaring dollar after a slew of Fed officials said they need to keep raising rates to restore price stability.

A weakening rupee amid rising FII outflows in recent sessions, concerns about energy shortages in Europe and Britain's radical tax cuts to spur growth also weighed on sentiment.

The rupee traded at a record low of 81.93 today as the dollar marched to a fresh 20-year high against major rivals and a continuing global bond rout pushed 10-year Treasury yields to the highest since 2008.

The benchmark S&P BSE Sensex fell 509.24 points, or 0.89 percent, to close at 56,598.28, extending its losing streak for a sixth straight session.

The broader NSE Nifty index ended the session down 148.80 points, or 0.87 percent, at 16,858.60.

Reliance Industries, ITC, Axis Bank, JSW Steel and Hindalco led losses to close 3-4 percent lower while Asian Paints climbed 2.8 percent to top the gainers list amid recent declines in crude oil prices.

Power Grid Corp, Eicher Motor, Dr Reddy's Laboratories and Sun Pharma rose 1-2 percent.

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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 | Pred 1 h 50 min
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 | Pred 3 h 7 min
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 | Pred 4 h 4 min
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 | Pred 4 h 21 min
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 | Pred 5 h 26 min
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 | Pred 5 h 49 min
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 | Pred 5 h 56 min