Sensex, Nifty Decline Amid Global Selloff; Pharma Stocks Shine

RTTNews | 341 วันที่ผ่านมา
Sensex, Nifty Decline Amid Global Selloff; Pharma Stocks Shine

(RTTNews) - Indian shares fell sharply on Friday amid a global sell-off as weak manufacturing data as well as mixed tech earnings sparked worries about a U.S. recession.

A measure of U.S. manufacturing activity contracted sharply in July and weekly jobless claims jumped to an 11-month high, heightening concerns about a potential recession and worries that the Federal Reserve might be slow in cutting interest rates.

All eyes now remain on the U.S. payrolls data, due later in the day that could shed some more light on the state of the economy and the Fed's rate path.

The benchmark S&P/BSE Sensex ended the session down 885.60 points, or 1.08 percent, at 80,981.95 while the broader NSE Nifty index closed at 24,717.70, down 293.20 points, or 1.17 percent from its previous close.

Metal and auto stocks paced the declines, with Hindalco, JSW Steel, Maruti Suzuki India, Tata Motors and Eicher Motors falling 4-5 percent.

On the positive side, Sun Pharma, Dr Reddy's Laboratories, HDFC Bank and Divis Laboratories rose 1-2 percent.

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Sensex, Nifty Subdued On Trade Jitters

Sensex, Nifty Subdued On Trade Jitters

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RTTNews | 50 นาทีที่ผ่านมา
Australian Market Extends Early Gains In Mid-market

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Asian Markets Track Wall Street Higher

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Sensex, Nifty Set For Muted Open

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Indonesia Stock Market May Extend Winning Streak

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RTTNews | 3 ชม. 39 นาทีที่ผ่านมา
Japanese Market Notably Lower

Japanese Market Notably Lower

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Renewed Support Called For Hong Kong Shares

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Australian Market Notably Higher

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