OPEN APP
Home / Markets / Live Blog /  Sensex plunges 500 pts; Nifty ends below 16,100; IT, metals, auto dip

Sensex plunges 500 pts; Nifty ends below 16,100; IT, metals, auto dip

Stock Market Today: HCL Tech in focus ahead of its earnings. Photo: Reuters  Premium
Stock Market Today: HCL Tech in focus ahead of its earnings. Photo: Reuters  

  • Stock Market Closing: Indian indices fell on Tuesday tracking weak global markets. Most sectors ended weak with auto, IT, FMCG and metal stocks being the biggest laggards. HCL Tech remained under pressure today ahead of its June quarter earnings

Indian benchmark indices Sensex and Nifty slipped nearly 1% on Tuesday amid weak global cues. Asian markets and US equity futures fell today amid high inflation and as China struggles with Covid. Markets await HCL Tech earnings report and inflation data for clues on the scale of monetary tightening by central banks.

12 Jul 2022, 03:49:03 PM IST

Sensex, Nifty end lower for the second day

The Indian equities markets' fell for the second straight day on Tuesday amid weak global cues with benchmark Sensex ending 508 points lower at 53,886.61 and Nifty ending 1% lower at 16,058. Most sectors, barring realty and power, ended in the red. On the 30-share Sensex, only NTPC, Bharti Airtel and Bajaj Finance ended in the green. Infosys, HCL Tech and Nestel were the biggest laggards today. BSE Midcap and SmallCpa also ended lower, slipping 0.5% each.

Sensex at close
View Full Image
Sensex at close
12 Jul 2022, 03:29:33 PM IST

NPCI says user consent must for UPIs capturing location data

12 Jul 2022, 03:21:28 PM IST

Sensex tanks 500 points; Infy, ICICI Bank, HDFC Bank drag

BSE
View Full Image
BSE
12 Jul 2022, 03:14:08 PM IST

HCL Tech tanks nearly 2% ahead of its June quarter earnings

BSE
View Full Image
BSE
12 Jul 2022, 03:04:39 PM IST

Sensex at day's low, down 460 points

Sensex
View Full Image
Sensex
12 Jul 2022, 02:55:03 PM IST

Kotak Securities on metal sector Q1FY23 result preview

Ferrous-EBITDA/tonne is expected to decline sequentially on back of increase in coking coal cost and decline in volume led by lower exports

· We expect average increase in steel realization of Rs2,500-3,000/t QoQ, but will offset by lower export prices impacted by imposition of export duties.

· We estimate EBITDA/ton for TATA at Rs18,780/ton (-20% QoQ) , JSTL at Rs11,621/ton (-14% QoQ) , JSP at Rs12,771/ton (-14% QoQ) and SAIL at Rs5,793 (-34% QoQ) .

Non-Ferrous- Zinc prices increased 5% QoQ to US$3,917/ton, aluminum prices declined 12% QoQ to US$2,890/ton while alumina prices declined 10% QoQ to US$380/ton.

· Performance would be impacted from lower commodity prices offset by a weaker INR

· Lower volume due to higher prices would also impact margins.

Specialty Chemicals-  We expect strong revenue growth, backed by price increase during the quarter and volume growth to remain healthy in some pockets.

· We expect EBITDA growth on a QoQ basis of Atul, AARTI, Clean Science and SRF.

· Margins likely to be under pressure across board except for SRF.

· 1QFY23 will likely reflect the full impact of cost escalations witnessed post the

outbreak of the Ukraine war..

· We expect sequential decline in earnings from Vinati due to lower prices of key products ATBS and IBB and possibly Navin Fluorine due to elevated costs

Fertilizer and agriculture chemicals

· Growth is likely to be subdued in the domestic market due to late arrival of monsoon and high channel inventories in some cases.

· Revenue growth likely to be low double-digit driven by price hike, whereas volume growth likely to remain muted.

· Margins are likely to remain under pressure for most of the companies due to elevated costs.

12 Jul 2022, 02:48:00 PM IST

HFCL surges 7.13%, company gets orders aggregating to ₹59.22 crores

The company has received purchase orders aggregating to 59.22 crores from one of the leading private telecom operators of the country for providing services to rollout their fiber to the home (FTTH) network and long distance fiber network in various telecom circles.

BSE
View Full Image
BSE
12 Jul 2022, 02:38:08 PM IST

Keeping up with digital transformation a challenge for businesses: PwC survey

Nearly eight among ten business executives in India say that keeping up with the speed of digital and other types of transformation is a significant risk management challenge, as per PwC’s 2022 Global Risk Survey: India highlights, released on Tuesday.

Six in ten executives feel the need to actively seek external insights to assess and monitor risks in the increasingly disruptive business environment, PwC said, adding that the survey saw participation from 109 Indian respondents, with leading business executives making up 72% of the sample and the rest comprising risk management, audit and compliance professionals.

12 Jul 2022, 02:28:49 PM IST

These 5 pharma stocks have rallied up to 85% in 2022 so far

The Indian pharma sector was named the "sunrise sector" in the Union Budget of 2022.

While renewable energy, electric vehicles and green hydrogen are the new themes evolving, the pharma sector can't be written off.

Strong fundamentals and macroeconomic factors drive a sector's ability to generate revenue and provide good returns to investors.

India is a major supplier of generic medicines, and it has a large pool of potential scientists who can propel the industry to the next level.

12 Jul 2022, 02:19:59 PM IST

RBI approves appointment of Meena Hemchandra as part-time chairman of Karur Vysya Bank

Private sector lender Karur Vysya Bank on Tuesday said the Reserve Bank of India (RBI) has approved the appointment of former RBI executive Meena Hemchandra as part-time chairman of the bank for three years.

In May, the bank had recommended Hemchandra's candidature for the position of non-executive independent (part-time) chairperson of the bank to the RBI for approval.

12 Jul 2022, 02:08:16 PM IST

Hotel industry expected to return to pre-covid levels in FY23: Icra

Domestic hotel industry’s revenues and margins are expected to return to pre-Covid levels in FY23, notwithstanding the potential impact on demand with further Covid waves, if any, according to an Icra report.

The ratings agency expects demand to stem largely from domestic leisure/transient travel, although there will be gradual recovery in business travel and foreign tourist arrivals (FTAs). Demand recovery was also aided by leisure, transient passengers, MICE (meeting, incentive travel, conferences, and exhibitions), and weddings.

 

12 Jul 2022, 01:56:43 PM IST

Euro on the brink of breaching parity, stocks slide again

The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors.

The euro was down 0.3% at a low of $1.0004, its weakest in more than 20 years. The dollar index gained 0.3% to 108.48, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades.

In equity markets, the Euro STOXX dropped 0.7%, while German's DAX was off 0.8% and Britain's FTSE 100 by 0.44%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to its lowest level in two years, while Japan's Nikkei lost 1.8%.

12 Jul 2022, 01:46:50 PM IST

PVC Pipe Companies- Results Preview by Reliance Research 

For PVC pipe companies, the revenue growth was largely led by volume growth, on a lower base of last year. The demand was strong in Apr’22 and May’22 but softened in Jun’22. The demand was impacted QoQ due to falling PVC prices, which led to inventory de-stocking by dealers. Demand from the plumbing segment was healthy due to continued momentum in real estate. The price of PVC pipe was ~R110/Kg in Jun’22, which has corrected ~35% from peak recorded in Oct’21. Pipes’ companies are likely to report decent volume and sales in 1QFY23, led by the healthy volume during the quarter. PVC prices has gradually moved from ~Rs70/kg in Mar’20 to ~Rs175/kg in Oct’21 and reversed to ~Rs110/Kg in Jun’22. PVC pipe manufacturers took a price cut in 1QFY23.

Majority of the players reported a strong sales in 1QFY23, driven by strong volume growth on YoY basis. The demand for agri pipes picked up after price correction post an all-time high PVC price in Oct’21. Industrial, drainage and plumbing demand has also seen healthy growth in 1QFY23, after a decline in 3QFY22. With several small unorganized players, the Eastern region continues to remain underpenetrated. PVC pipes industry is also seeing a market consolidation, with the smaller unorganized players facing various issues post pandemic.

For 1QFY23, we expect PVC pipes under our coverage universe to report volume of 213,330 MT, up ~46% YoY and down 20% QoQ, while realisation to decline by 3% YoY and 12% QoQ. We expect a 44% YoY growth in revenue, while EBITDA and PAT are likely to increase by 21.9% YoY and 22.3% YoY respectively. EBITDA margin is expected to decline by 280bps YoY to 15.3% during the quarter.

Our View

We expect demand to pick up in the next few quarters led by governments’ various initiatives. PVC prices have corrected by 35% from the peak in but are still high compared to the historic average, resulting in continued high realizations. A further correction in prices is expected to be gradual, over a longer period of time, whereby, realizations and margins will be lower in FY23, compared to the peak seen in FY21. Rising market share from the unorganized players, market consolidation, and a healthy capex would augur well for the PVC pipes companies under our coverage universe. We continue our positive stance on PVC pipe sector led by multiple initiatives of GoI. Despite the COVID-led challenges and supply chain issues, all the companies under our PVC pipes coverage universe reported decent growth in last two years. Notably, the organized players gained the market share in FY22.

Our Top Picks: Prince Pipes and Finolex Industries

12 Jul 2022, 01:37:38 PM IST

NMDC shares slump 5% as company cuts iron ore prices

NMDC has cut prices of its iron ore. This is third cut in rates since the government raised export duty on all grades of iron ore. In the past one year, shares of NMDC have declined nearly 38%, while the sectoral Nifty Metal index has fallen at a much slower pace of 8.4%

12 Jul 2022, 01:26:31 PM IST

Eureka Forbes up more than 11%

The board of directors of the company, in their meeting held on 11 July, approved the appointment of Pratik Pota as managing director and chief executive officer of the company, for a term of five years with effect from 16 August.

BSE
View Full Image
BSE
12 Jul 2022, 01:09:47 PM IST

Adani Data Networks, Jio, Airtel, Vodafone Idea to bid for spectrum

Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday.

The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of Adani Data Networks and established players Reliance Jio and Bharti Airtel looking to strengthen their hold in the industry.

12 Jul 2022, 01:04:46 PM IST

Ahluwalia Contracts up 8% as co wins new order

 The company has secured the new order for construction work of Amity Campus Bengaluru, aggregating to around 150 crores from Ritnand Balved Education Foundation. The company's total order inflow during the FY2022-23 stands at Rs.863 crores.

BSE
View Full Image
BSE
12 Jul 2022, 12:57:51 PM IST

Sensex at day's low; down over 400 points

BSE
View Full Image
BSE
12 Jul 2022, 12:46:21 PM IST

Banks likely to post treasury losses of ₹10,400-13,000 crore in Q1, says Icra

Icra Ratings on Tuesday said mark-to-market losses on bond portfolios of banks are expected to be in the range of 10,400-13,000 crore in the June quarter due to rising bond yields.

On a segregated basis, this would mean mark-to-market losses of 8,000-10,000 crore for public sector banks, and 2,400-3,000 crore for private lenders in the first three months of FY23. The greater impact on public sector banks stems from their higher holding of government securities (g-secs) of longer tenor, it said.

12 Jul 2022, 12:42:26 PM IST

Spandana Sphoorty slips 3%;  Q4 total income down 38%

Microfinance lender Spandana Sphoorty on Monday reported an over 50% jump in net profit at 75 crore for the quarter ended March 2022.

BSE
View Full Image
BSE
12 Jul 2022, 12:26:35 PM IST

RBI more aggressive in rate hikes than Asian peers

In an attempt to tame persistently high inflation, central banks, globally, have been on a rate hike spree. India is no different. But when compared with central banks in other major Asian emerging market economies (EMEs), the Reserve Bank of India (RBI) comes out as the most aggressive in raising rates, even as many of its peers are yet to begin their rate hike cycle, showed an analysis by Motilal Oswal Financial Services Ltd. Note that economic fundamentals of India are similar in many EMEs. (Read here)

12 Jul 2022, 12:13:21 PM IST

Nifty broad market indices in the red in mid-market trade

NSE
View Full Image
NSE
12 Jul 2022, 12:03:47 PM IST

Sensex at noon: Down 280 points; NTPC, Airtel top gainer, Titan, Tata Steel prominent laggards 

BSE
View Full Image
BSE
12 Jul 2022, 11:57:16 AM IST

ICICI Securities on Real Estate & Infrastructure Q1 result preview 

We expect healthy execution for construction companies on a YoY basis amid healthy order book albeit margin softness is likely to be seen YoY, with higher raw material prices. For real estate companies, sales volume growth is likely to be a function of new launches. Commercial leasing is expected to see marked pick up while retail (malls), hospitality are anticipated to continue to post stronger numbers with consumption showing healthy uptick.

 

12 Jul 2022, 11:44:36 AM IST

Nifty Auto down over 1%; Maruti, Tata Motors, M&M slip more than a percent each

NSE
View Full Image
NSE
12 Jul 2022, 11:33:53 AM IST

Star Health and Allied Insurance to provide insurance product to over 5 lakh rural customers; shares up 3.5%

BSE
View Full Image
BSE
12 Jul 2022, 11:23:07 AM IST

Yes Securities on Avenue Supermarts post 1QFY23 results 

Valuation and view:

D-Mart registered better than expected revenue performance implying positive SSSG over pre-covid levels helped by higher inflation-led realizations and contribution of new stores opened in the last couple of years. Gross margins were higher by 340bps YoY to 15.8% driven by higher sales of high margin discretionary items; cost saving measures continue to aid operating margins. Its e-commerce business delivered robust growth of 53% with positive operating profit albeit lower YoY. We continue to believe that long term growth opportunity is intact in grocery retail given its scalable model and low-cost structure which should enable a growth rate of 25% plus for the next decade.

Solid footprint expansion in both offline stores and DMart Ready should drive strong growth rates together with the low-cost structure helping maintain margins in the 9-10% band. Its strong balance sheet, aggressive store expansion, cash generation and solid SSGs boosted by DMart Ready should be key growth enablers for the company and we believe the risks from online retailers should not impact the growth trajectory much. Hence, we think the stock should be able to sustain its premium multiples with stock returns in-line with the solid earnings growth.

We believe full scale uninterrupted operation and underlying demand and operating efficiency keeps getting better as operations normalize. We increase our EPS estimates by 11-12% for FY23/FY24 to factor in higher margins due to a superior sales mix and operating efficiency. We now model in revenue/PAT CAGR of 34%/52% over FY22‐24E, the highest growth in the large cap consumption space.

Maintain our BUY rating with a revised PT of 4,971 based on 60x FY24E EV/EBITDA, implying 74x FY24 P/E. 

Key risk would be a higher than expected disruption by online retailers which impact the long-term business prospects for DMart.

12 Jul 2022, 11:09:03 AM IST

Nifty Bank weak, dragged by Federal bank, HDFC, ICICI bank

NSE
View Full Image
NSE
12 Jul 2022, 10:55:57 AM IST

Kotak Securities on Gold and Crude

GOLD - COMEX gold trades mixed near $1730/oz and has tested a fresh Sept.2021 low. Gold trades near 9-month low weighed down by persistent strength in the US dollar. The US dollar index has jumped to 2002 high on safe haven buying and tightening expectations. Also weighing on gold price is correction across commodities which has dented gold’s appeal as an inflation hedge. ETF outflows show weaker investor interest. Concerns are also high about consumer demand in China amid virus related restrictions. Gold is a safe haven and global growth worries are high however it has failed to benefit due to continuing strength in the US dollar and this may not change ahead of US inflation data later this week. "

CRUDE OIL- NYMEX crude trades weaker near $103/bbl building on yesterday’s decline. Crude oil has come under pressure amid demand concerns on back of rise in virus cases in China and continuing debate about recession. Firmness in US dollar on back of Fed’s monetary tightening expectations has also pressurized commodities at large. However, supporting price are supply risks relating to Russia with no easy replacement. Western countries have increased efforts to impose a cap on Russian oil prices however there is wariness that it could lead to lower exports from the country. Crude may remain volatile as there are demand challenges as well as supply risks and none are expected to be resolved any time soon however with weaker risk sentiment, the general bias may be on the downside.

12 Jul 2022, 10:43:59 AM IST

ICICI Securities on Hotels & Tourism Q1 earnings 

After passing through hiccups in the previous quarter due to omicron wave-III, the industry is likely to witnessed a sharp recovery in Q1FY23E aided by leisure/transient travel, wedding season and strong revival from business segment. As per the latest DGCA data, domestic air traffic has now reached ~94% of pre-Covid levels based on last three months (April-June) data despite higher air-fares. Hotel booking data also suggests strong buoyancy in the demand with hotel booking for March-June crossing pre-pandemic levels led by wedding seasons, vacations and IPL matches. Hence, from Q1FY22E perspective, we expect occupancy levels improve to ~75% while average room rates are likely to remain higher by 10% QoQ to | 8300/room for the premium segment. Overall, we expect revenue of our coverage universe to increase ~224% YoY, 20% QoQ to | 1510 crore. Apart from expectation of better performance in Q1FY23E, we expect FY23E to stay strong for the sector supported by full resumption of the economy and also opening-up of international borders for foreign tourists. In terms of rooms supply, we expect launch of new hotel projects to get delayed due to higher land and input costs that would augur well for the existing branded players. Further, hotel players are now leaner in terms of costs that are sustainable in nature. This would aid in healthy margin expansion.

12 Jul 2022, 10:34:44 AM IST

India rupee at record low tracking weak Asian peers, shares

The Indian rupee fell to a record low on Tuesday as declines in the domestic share market and weakness in other Asian currencies on fears of a global recession weighed on the unit despite recent measures by the central bank to boost dollar inflows.

The euro hovered close to a 20-year low near parity to the dollar amid concerns that an energy crisis could tip Europe into recession, while the U.S. Federal Reserve continues to aggressively tighten policy to curb inflation.

12 Jul 2022, 10:25:36 AM IST

Broad market indices: Midcap, SmallCaps outshine

NSE
View Full Image
NSE
12 Jul 2022, 10:14:24 AM IST

BSE MidCap outperforms, up 0.2%: JSW Energy  up 4%

BSE
View Full Image
BSE
12 Jul 2022, 10:02:48 AM IST

Nifty Financial Services down 0.8% dragged by ICICI, HDFC Life

NSE
View Full Image
NSE
12 Jul 2022, 09:58:03 AM IST

Reliance Research has a Buy on Godawari Power with a Target Price of ₹415

Intraday Picks

Adani Enterprises - BUY

For today’s trade, long position can be initiated in the range of Rs2,346- 2,331 for the target of Rs2,419 with a strict stop loss of Rs2,304.

Bata India - BUY

For today’s trade, long position can be initiated in the range of Rs1,817- 1,808 for the target of Rs1,869 with a strict stop loss of Rs1,779.

Marico- BUY

For today’s trade, long position can be initiated in the range of Rs502- 498 for the target of Rs514 with a strict stop loss of Rs494.

12 Jul 2022, 09:46:06 AM IST

Covid update: India adds 13,615 new infections, logs 20 fatalities

India added 13,615 new coronavirus infections in the day while the active cases rose to 1,31,043, according to the Union Health Ministry data updated on Tuesday.

The country's total tally of cases rose to 4,36,52,944 and the death toll climbed to 5,25,474 with 20 new fatalities, the data updated at 8 am stated.

12 Jul 2022, 09:37:08 AM IST

Most Nifty sectoral indices in red; only IT index up marginally

NSE
View Full Image
NSE
12 Jul 2022, 09:28:18 AM IST

Nifty slips 0.5%; Axis Bank, Bharti AIrtel, Adani Ports gain; Hindalco, Tata Steel, Titan dip

NSE
View Full Image
NSE
12 Jul 2022, 09:22:39 AM IST

Sensex slips nearly 300 points in early trade; HCL Tech, Tata Steel, Titan down, Airtel, SBI among six stocks in green

BSE
View Full Image
BSE
12 Jul 2022, 09:10:44 AM IST

Rupee opens at record low of 79.55 against US dollar

12 Jul 2022, 09:07:24 AM IST

Sensex flat to red in pre-opening session

BSE
View Full Image
BSE
12 Jul 2022, 09:03:42 AM IST

Sensex flat in pre-opening, Nifty in red

12 Jul 2022, 08:53:38 AM IST

Adani may expand into 5G consumer services over time

Adani Group’s decision to participate in the upcoming auctions to acquire 5G airwaves could well be part of a long-term strategy to enter the telecom sector in a full-fledged manner, including consumer services, analysts said.

The group recently confirmed its participation in the upcoming 5G auction but has denied plans to enter consumer services, insisting that it plans to acquire 5G spectrum for developing a private network for airports and its ports business. (Full story)

12 Jul 2022, 08:42:06 AM IST

RBI allows global trade settlements in rupee

The Reserve Bank of India (RBI) on Monday announced an arrangement for domestic traders to settle imports and exports in rupee, a move experts said is aimed at facilitating trade with sanctions-hit Russia.

According to the central bank, this would promote global trade growth with an emphasis on exports from India and will support the increasing interest of the global trading community in the domestic currency. This comes amid the rupee touching record lows against the dollar. India’s trade with Russia stood at $13.1 billion in 2021-22.

12 Jul 2022, 08:33:46 AM IST

Here's the list of top ten stocks that will be in focus today

HCL Tech, Eureka Forbes, HFCL, Ahluwalia Contracts, Coal India, Satin Creditcare and other stocks will be in news today. Delta Corp, Anand Rathi, and Sterling Wilson are some major companies that will also be eyed as they declare their June quarter results today.

12 Jul 2022, 08:21:32 AM IST

Gold slides to 9-month low as investors turn to dollar as haven

Gold extended a decline as the dollar strengthened ahead of US inflation data later this week that could influence the size of the Federal Reserve’s rate hike.

Bullion slid to its lowest level in more than nine months after posting a fourth weekly decline Friday and sinking further on Monday. Spot gold fell 0.5% to $1,725.05 an ounce, after falling 0.5% in the previous session. 

12 Jul 2022, 08:13:13 AM IST

Market view: Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One

Trading for the week started on a sluggish note as indicated by the nervous global cues. The benchmark index opened slightly above 16100 as indicated by the SGX Nifty early in the morning. Technically, this soft opening in our market was mainly triggered by the overall weakness in IT counters; courtesy of disappointing Q1 numbers from giant TCS. However, the same was compensated by another heavyweight pocket, banking. They provided the much-needed cushion at lower levels and as a result, the Nifty managed to recover throughout the remaining part of the session to conclude almost at Friday’s close.

Key indices have now slipped into a consolidation mode and hence, ideally one should now keep focusing on thematic moves / broader markets, which are likely to provide decent trading opportunities. As far as Nifty is concerned, 16100 – 16000 has now become an immediate support zone; whereas on the flip side, slowly and gradually we can see the extension of the rally towards 16350 – 16430. We reiterate globally things have not completely changed yet and hence, it’s better not to get complacent till the time we do not surpass some key levels. Meanwhile, the apt strategy for index traders would be to buy as close as possible to support levels by following strict stop losses and looking to lighten up around the higher end. There would be a lot of sectoral churn during this time and hence, one must meticulously keep a close tab on these developments now.

12 Jul 2022, 08:01:49 AM IST

Oil sinks on demand concerns

Oil extended losses as a Covid-19 resurgence in China added to concerns about a global economic slowdown, with the International Energy Agency warning the worst of the energy crisis may be ahead.

Brent crude futures for September fell $1.47, or 1.4%, to $105.63 a barrel while U.S. West Texas Intermediate crude for August delivery was at $102.50 a barrel, down $1.59, or 1.5%.

12 Jul 2022, 07:48:05 AM IST

Wall Street ends lower ahead of economic data, earnings

U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning of second-quarter earnings season.

S&P 500 fell 1.2%; Nasdaq 100 fell 2.2%; Dow Jones Industrial Average fell 0.5%; MSCI World index fell 1.3%

12 Jul 2022, 07:40:57 AM IST

Asian markets weak, US Futures down

Stocks and US equity futures fell Tuesday as the dollar and sovereign bonds rose, a pattern highlighting pervasive unease about the economic outlook amid high inflation and China’s struggles with Covid.

An Asian share index was dragged lower by the technology sector as well as weakness in Japan and Hong Kong, while China was mixed. S&P 500, Nasdaq 100 and European contracts shed about 0.5% after a Wall Street slide Monday.

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Recommended For You

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout