Sensex, Nifty Tumble Ahead Of US Jobs Data

RTTNews | 125 ngày trước
Sensex, Nifty Tumble Ahead Of US Jobs Data

(RTTNews) - Indian shares tumbled on Friday, tracking weak cues from global markets after U.S. private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor market.

All eyes now remain on the all-important U.S. jobs report due later in the day that could offer additional clues on the outlook for interest rates and the economy.

Comments from influential Fed governor Christopher Waller and New York Fed President John Williams might also provide clearer insight into the potential scale of an anticipated rate cut this month.

The benchmark S&P/BSE Sensex fell 1,017.23 points, or 1.24 percent, to 81,183.93 on profit taking after reaching record levels in recent sessions.

The broader NSE Nifty index fell by 292.95 points, or 1.17 percent, to 24,852.15. SBI led losses to close 4.3 percent lower after U.S. investment bank Goldman Sachs recommended selling its shares.

HCL Technologies, NTPC, ICICI Bank and BPCL all fell around 2 percent.

Wockhardt lost 5 percent after Congress spokesperson Pawan Khera accused SEBI chairperson Madhabi Puri Buch of receiving rental income from a firm linked to the company.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
RTTNews | 7h 45phút trước
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.
RTTNews | 8h 20phút trước
Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.
RTTNews | 8h 39phút trước
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 9h 3phút trước
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, surrendering almost 30 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it nay see bargain hunting on Friday.
RTTNews | 9h 6phút trước