The equity benchmark Sensex dived about 346 points owing to an intense fag-end selling mainly in auto and energy stocks as fresh worries about weakening rupee and rising crude oil prices resurfaced.
UK shares fell, ending two days of gains and taking their lead from weaker U.S. and Asian markets overnight after a hawkish Federal Reserve statement renewed worries about an imminent interest rate hike and weak metals prices weighed.
European shares dipped at the open, joining a global market retreat that spread from Wall Street to Asian markets after the Federal Reserve noted a dip in U.S. business investment and suggested a rate hike was on track for December.
Benchmark Sensex rallied 310 points to reclaim the 35,000-mark in the opening trade of the special Muhurat session on Wednesday to mark the beginning of Hindu Samvat year 2075.
Indian shares fell in line with broader Asian markets after posting their best week since mid-2016, as investors were subdued ahead of a key U.S. Federal Reserve meeting.
BSE benchmark Sensex soared over 413 points to 34,845.15 and the NSE Nifty raced past 10,500 on widespread gains amid fresh foreign fund inflows, fall in global crude prices and rising rupee.
Gold recovered from a three-week low hit in the previous session as the recent fall in the metal prices and an easing dollar from multi-month highs induced some bids.
Siemens Power Generation Services, a unit of Germany’s Siemens AG (SIEGn.DE), is looking to Asian markets to grow its power generation business, the company’s Chief Executive Officer Tim Holt said on Tuesday at a conference in Singapore.
Sensex plunged over 297 points and the broader NSE Nifty slipped below the 10,100 mark in early trade as the November derivatives series took off on a weak note amid negative Asian cues.
European shares sank as a heavy selloff in U.S. and Asian markets spread to the region and weak results from AB InBev and WPP among others underlined investors’ anxieties about slowing earnings growth in an uncertain political landscape.