Indian Shares Reverse Early Gains Amid F&O Expiry

RTTNews | 1478 days ago
Indian Shares Reverse Early Gains Amid F&O Expiry

(RTTNews) - Indian shares reversed early gains to end lower on Thursday, with rising oil prices and caution ahead of Federal Reserve Chairman Jerome Powell's speech Friday at the Jackson Hole economic conference weighing on sentiment.

The benchmark S&P BSE Sensex tumbled 710 points from the day's highs to end the session down 310.71 points, or 0.53 percent, at 58,774.72.

The broader NSE Nifty index fell 82.50 points, or 0.47 percent, to 17,522.45 amid the expiry of F&O August series derivative contracts.

Axis Bank, IndusInd Bank, Cipla, Bajaj Finance and Adani Ports dropped 1-2 percent in the Nifty pack, while Divis Laboratories, Hindalco and Shree Cement all rose about 1 percent.

NDTV Ltd shares extended gains for a second day, climbing 5 percent to reach the upper circuit limit of Rs 407.60 on the National Stock Exchange following Adani Group's attempt to acquire the television news channel.

Global cues were mostly positive, while oil held recent gains on mounting supply tightness concerns.

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Indian Shares Tumble Amid Geopolitical Concerns

Indian Shares Tumble Amid Geopolitical Concerns

Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 4h 15min ago
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 5h 20min ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 5h 38min ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 6h 47min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 7h 10min ago