Indian equities edged down by financials today as Asian peers fell on worries over a potential pickup in U.S. inflation, while domestic COVID-19 deaths crossed the quarter-million mark with no signs of infections peaking.
The NSE Nifty 50 index shed 0.9% to 14,717.8, while the S&P BSE Sensex fell 0.93% to 48,705.87.
In India, the central bank is seen maintaining status quo on interest rates as data expected later in the day is likely to show retail inflation eased to a three-month low in April.
Adding to investor concerns, India reported a record surge in coronavirus deaths in the past 24 hours, pushing its overall death toll over a quarter million.
The Nifty Financial Services index fell 1.2%, with top non-bank lender HDFC Ltd shedding 2.3%. The Nifty IT index fell 1.1%.
Shares of Godrej Consumer Products soared nearly 25% while Siemens Ltd rose 10% following strong quarterly results.
25 Jun 2021 12:02 PM
Indian equities trade flat today, as gains in financial stocks were offset by a fall in Reliance Industries, although the indexes were set to rise about 0.6% each for the week.
25 Jun 2021 11:40 AM
China's yuan strengthened slightly against the U.S dollar after a stronger fixing by PBOC, but analysts expected renewed pressure on the Chinese currency if data later shows U.S. inflation rose further.
25 Jun 2021 11:12 AM
Gold advanced today and was set for its first weekly rise in four as the U.S. currency weakened, with market participants focusing U.S. inflation data after mixed signals from Fed officials on interest rate hikes.
25 Jun 2021 10:36 AM
Check how the Indian markets started their day
25 Jun 2021 09:09 AM
The Indian rupee is expected to appreciate against the U.S. currency following a rise in Asian currencies and equities on upbeat economic outlook.
25 Jun 2021 07:30 AM
Check What Happened Overnight In Financial Markets