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Sensex, Nifty Extend Winning Streak As Adani And PSU Stocks Climb

RTTNews | 694 dias atrás

Sensex, Nifty Extend Winning Streak As Adani And PSU Stocks Climb

(RTTNews) - Indian shares extended their winning streak for the seventh day running on Monday, as enthusiasm over the G20 Summit outweighed muted cues from global markets.

The benchmark S&P BSE Sensex jumped 528.17 points, or 0.79 percent, to 67,127.08 while the broader NSE Nifty index settled 176.40 points, or 0.89 percent, higher at 19,996.35.

Adani Enterprises rallied 3.7 percent and Adani Ports soared 7.1 percent after promoter firm increased its stake in two of the group's listed companies.

Power Grid Corp, Apollo Hospitals Enterprise and Axis Bank all rose over 2 percent.

Railway-linked stocks soared following the historic U.S.- European Union (EU) agreement on the Mideast-India Rail and Shipping Corridor at the G-20.

RVNL jumped 17 percent, IRCON climbed 20 percent and IRFC added 10 percent.

SJVN advanced 20 percent after it signed a pact with Bhakra Beas Management Board (BBMB) to set up an 18 megawatt (MW) solar power project at an investment of Rs. 90 crore.

Reliance Industries rose over 1 percent, TCS gained 1.1 percent and Tata Communications rallied 2.6 percent after U.S. chipmaker Nvidia Corp announced separate partnerships to develop AI infrastructure in India.

Coffee Day Enterprises plunged nearly 15 percent after IDBI Trusteeship filed an insolvency plea against the company over a loan default.

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U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 37 minutos atrás

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 1h 23min atrás

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 2h 27min atrás

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 2h 30min atrás

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 2h 41min atrás

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 3h 10min atrás

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 3h 21min atrás

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3h 41min atrás

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