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Gulf Today Report
Indian shares fell on Friday on fear of foreign fund outflows due to rising US Treasury yields.
By 03:51 GMT, The blue-chip NSE Nifty 50 index fell 0.83% to 14,437.45 and the benchmark S&P BSE Sensex slid 0.79% to 48,829.83.
Indian indexes have dropped by more than 1% for two straight sessions due to worries surrounding the surge in coronavirus cases.
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Among individual shares and sectors, Future Group companies, including Future Retail and Future Consumer, dropped nearly 10% each.
Heavyweight financial stocks were the biggest losers. The Nifty Bank Index fell 0.69%. HDFC Bank shed 0.6% and was the top drag on the Nifty 50.
The NSE Nifty 50 index fell 1.01% to 14,572.40 by 08:29 GMT while the S&P BSE Sensex slipped 1.07% to 49,257.85.
The blue-chip NSE Nifty 50 index fell 0.4% to 14,687 and the benchmark S&P BSE Sensex dropped 0.6% to 49,579.75 as of 05:02 GMT.
The blue chip NSE Nifty 50 index was up 0.45% at 15,005.20, while the benchmark S&P BSE Sensex was up 0.44% at 50,625.21.
International traffic climbed 48.0% versus April 2022 with all markets recording healthy growth, with carriers in the Asia-Pacific region continuing to lead the recovery. International RPKs reached 83.6% of April 2019 levels.
The International Air Transport Association (IATA) announced continued strong passenger traffic demand in April. Total traffic in April 2023 (measured in revenue passenger kilometers or RPKs)
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