Page 36 - Global Markets

Sensex ends at record high, eyes 60,000: 3 factors behind the rally

The sentiment remained robust in the broader markets too as the BSE Midcap touched new high in intra-day session and ended 1.31 per cent higher

Asian shares gain but Evergrande jitters keep investors on edge

Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.

China's Evergrande chairman seeks to reassure investors, shares surge

Hui Ka Yan said the company was striving to ensure quality delivery of properties and stressed the importance to resume construction on developments where building had been halted

China's debt-ridden Evergrande Group says it will make bond payment

The Chinese government, meanwhile, kept investors guessing about whether it might intervene.

China Evergrande unit will make onshore bond coupon payments on Sept 23

In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8% September 2025 bond on time on Thursday

Stocks find some footing after Evergrande Group relief; Fed looms

The news also helped the risk-sensitive Australian dollar, though anticipation that the Federal Reserve may move a step closer to tapering later on Wednesday kept a lid on gains and the mood

Stocks and commodities rebound from China's Evergrande-led selloff

By Lawrence White

Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser

Only 10 stocks from the Nifty basket closed in the red

Higher taxes are coming and for markets, that could be a good thing

Tax rises grabbed headlines recently when Britain upped taxes on workers and employers, potentially raising 12 billion pounds a year.

World's richest 500 lose $135 bn as Evergrande concerns spark market rout

Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion; Jeff Bezos lost $5.6 billion.

World shares jolted by Evergrande crisis as debt payment test looms

Selling pressure persisted in early trade in Asia ahead of a major test for Evergrande this week, which is due to pay $83.5 million in interest relating to its March 2022 bond on Thursday

Market turmoil tests Xi's resolve on Evergrande, real estate crackdown

The resulting market turbulence may add pressure on Chinese leaders to tap the brakes on policy tightening, or at least take steps to limit the fallout

Evergrande chairman confident company will 'walk out of its darkest moment

Chairman Hui Ka Yuan said Evergrande will deliver property projects as pledged, fulfil responsibilities to property buyers, investors, partners and financial institutions

Tata Steel stock tanks 9.5% as equity markets reel amid global selloff

The Sensex plunged 525 points while the Nifty finished below the 17,400-mark on Monday, reflecting the sombre mood in global markets ahead of a flurry of central bank meetings which are expected to provide cues on the imminent tapering of massive stimulus measures. A sharp drop in the rupee added to the woes, traders said, adding that worries over the fate of Chinese real estate major Evergrande and its impact on the world's second largest economy pulled down global commodity prices. Sliding for the second consecutive session, the 30-share BSE Sensex ended 524.96 points or 0.89 per cent lower at 58,490.93. The broader NSE Nifty tumbled 188.25 points or 1.07 per cent to close close at 17,396.90. Tata Steel was the top loser on the Sensex chart, crashing 9.53 per cent, followed by SBI, IndusInd Bank, HDFC, Dr Reddy's, M&M and UltraTech Cement. The HDFC twins and Tata Steel accounted for over half of the benchmark's losses. In contrast, HUL, Bajaj Finserv, ITC, HCL Tech, Nestle ...

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

Amid tapering fears, rising imports, rupee to face pressure next week

Global anxieties along with rising imports and persistently high crude oil prices will weaken the Indian rupee in the coming week.

Sensex tanks 720 pts from day's high, ends 125 pts down; Nifty PSB drops 3%

On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week

Asian shares steady, but set for weekly losses as global growth fears nag

European shares also looked set to rise on opening with pan-region Euro Stoxx 50 futures up 0.61% and FTSE futures 0.41% higher.

Sensex ends above 59K, up 418 points; Nifty tops 17,600; ITC rallies 7%

RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday