MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.
The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018
Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent
However, healthy buying in the broader market kept overall market breadth in the favour of the buyers
This boom's causes are twofold -- an economic reopening after Covid that has spurred surging demand for goods and raw materials
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Silver is selling at Rs 65,000 per kg, down Rs 300 from yesterday's trading price
WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
European stocks retraced ahead of an ECB policy meeting on Thursday. The STOXX 600 benchmark was down 0.5% but just below its lifetime peak hit in August.
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
The domestic benchmark indices extended their gains to the third day in a row on Monday
The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today
The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent
Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Domestic equities will be guided by macroeconomic data, auto sales numbers and global trends this week, analysts said. Equity benchmark indices scaled new closing highs on Friday, with the 30-share BSE index closing above the 56,000-mark for the first time. The market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,43,73,800.36 crore on Friday. "Markets could be impacted by an eventful economic calendar which begins with quarterly GDP growth rate numbers, followed by auto sales numbers and manufacturing PMI data," according to a note by Samco Securities Research. Markets would also continue to watch COVID-19 trends and pace of vaccination. During the last week, the BSE benchmark gained 795.40 points or 1.43 per cent. "Domestically, the result season is over with better-than-expected delivery and now with vaccination drive going on in full swing, economic recovery is expected to gain pace. However, sharp outperformance in the past 18 months had led to conc
The broader markets, meanwhile, outperformed, rising for the fourth straight session
The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence