Wall Street slid 1 percent on Monday, led by healthcare stocks after a federal ruling that Obamacare was unconstitutional, with the decline in the market-leading sector further unnerving investors already concerned about slowing global growth.
U.S. stocks opened lower on Monday, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth.
Markets started cautiously as the concern over global growth that sent world stocks to 17-month lows was only partly tempered by expectations of encouraging messages from the United States and China.
Shares of Tata Motors Monday rose over 4 per cent on media reports that its luxury arm Jaguar Land Rover (JLR) plans to cut thousands of jobs as part of a 2.5 billion pounds turnround plan.
U.S. stock index futures started the week cautiously on Monday, after skidding at the end of last week, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth.
In a major overhaul of the fee structure that mutual funds charge from investors, markets regulator Sebi has issued new norms to cap total expenses for investment in such funds at 2.25 per cent.
Equity benchmark Sensex continued its winning streak for a fifth straight session, surging over 307 points with gains mainly in auto, metal and financial stocks as investors maintained their bullish stance in view of strengthening rupee, narrowing trade deficit and sustained foreign fund inflows.
Stocks of Vedanta rose over 2 per cent after the NGT set aside the Tamil Nadu government order for closure of the company's copper plant at Tuticorin.
Extending its winning run for a fifth session, the BSE Sensex soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.