"asian-markets"

Sensex and Nifty rebounded in early trade Monday after a two-day slump, tracking gains in Asian markets. Brent crude rose 0.73% amid Middle East tensions. Despite the uptick, FIIs remained net sellers, offloading ₹1,263 crore on Friday.

US benchmark crude oil rose by $5.6, or 8.2%, to $73.61 per barrel. Brent crude, the international standard, increased by $5.52 to $74.88 per barrel

The 30-share BSE Sensex dropped 242.01 points to 79,874.48 in early trade, while the NSE Nifty slipped 72.3 points to 24,256.65. This comes after a strong seven-day rally, during which the Sensex surged by 6,269.34 points (8.48%) and the Nifty advanced 1,929.8 points (8.61%).

“With massive 104 per cent tariffs on China expected to take effect today, markets are in turmoil and uncertainty is at its peak. The future of global trade and the broader economy amid this chaos is still unclear,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The rebound followed a wild day on Wall Street as US stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher

Selling seen in the auto, IT, PSU bank and metal sectors amid weak global cues, Nifty declines 254.15 points

The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05 in early trade and NSE Nifty slumped 243 points to 23,239.15

Markets in South Korea, Shanghai markets and other parts of the region were closed for holidays. Among technology companies in Japan, SoftBank Group Corp. stock extended its losses, plunging 6%. Hitachi Ltd. lost 7%, but Fujitsu and Sony Corp. recovered

The BSE Sensex dropped 464.22 points to 85,107.63 in early trading, while the NSE Nifty fell 133.85 points to 26,045.10. Among the 30 Sensex firms, major laggards included Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank, and UltraTech Cement.

The 30-share BSE Sensex dropped 138.58 points, or 0.17%, to 80,664.28 in early trade. Meanwhile, the NSE Nifty ended its four-day rally, slipping 15.20 points to 24,683.65. Among the 30 Sensex companies, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid, and Axis Bank were the major laggards.

Trend in the domestic market remained weak post the RBI monetary policy and the unexpected announcement of reducing cash in the banking system.

Globally, the US market on Thursday closed slightly higher after consecutive few days of correction in the market.

Regional markets shrugged off data showing Japan's economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged.

Hyderabad: The OpenText World Asia Pacific will be held on May 20 and 21. According to a press release, the two-day event will bring together OpenText leadership and experts, guest speakers, strategic partners, and industry professionals to discuss market trends, explore the opportunities within the Asian markets and show customers how they can grow faster. […]

PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, ICICI Bank, HDFC duo, Asian Paints and Bharti Airtel.