Sensex, Nifty Rally As Trump Delays EU Tariffs

RTTNews | 10 dias atrás
Stocktwits
Sensex, Nifty Rally As Trump Delays EU Tariffs

(RTTNews) - Indian shares opened on a buoyant note Monday after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.

Earlier, Trump had threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st, claiming talks with the bloc are "going nowhere."

The benchmark S&P BSE Sensex was up 630 points, or 0.8 percent, at 82,351 in early trade while the broader NSE Nifty index edged up by 198 points, or 0.8 percent, to 25,047.

Among the top gainers, Titan Company, Tata Motors and Mahindra & Mahindra climbed 2-3 percent.

NTPC rose 1.4 percent and JSW Steel added 0.8 percent after declaring their fourth-quarter results.

Ashok Leyland was little changed despite reporting 38 percent year-on-year growth in its quarterly profit and announcing a 1:1 bonus issue.

ONGC gained 1 percent after announcing promising offshore oil and gas discoveries in the Mumbai Offshore basin.

Bajaj Auto advanced 1.3 percent. The company said it would take control of Austrian motorcycle brand KTM AG through an 800 million deal.

Lloyds Engineering Works rose about 1 percent on receiving an order worth Rs. 20.67 crore from Cochin Shipyard.

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Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

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The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front. Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
RTTNews | 26 minutos atrás
Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

Banking major Citigroup Inc. announced plans to reduce around 3,500 technology in China as part of its ongoing broader initiative to streamline global tech operations, reports said. With the planned resturcturing, the lender aims to strengthen risk and data management frameworks. The planned results will be at its two major China-based technology centers in Shanghai and Dalian.
RTTNews | 1h 54min atrás
CAC 40 Up 0.5% Ahead Of ECB Rate Decision

CAC 40 Up 0.5% Ahead Of ECB Rate Decision

French stocks are gaining some ground in positive territory on Thursday as investors expect a 25-basis point interest rate cut from the European Central Bank later in the day. Worries about trade tension limit market's upside.
RTTNews | 2h 4min atrás
Sensex Rises Over 400 Points; Nifty At 24,750

Sensex Rises Over 400 Points; Nifty At 24,750

Indian shares ended Thursday's session modestly higher as weak private payrolls and services data raised concerns about the U.S. economic outlook but reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
RTTNews | 2h 16min atrás
DAX Climbs To New Record High

DAX Climbs To New Record High

German stocks are up in positive territory on Thursday, extending gains to a third straight session, thanks to encouraging factory orders data and expectations of a rate cut by the European Central Bank later in the day.
RTTNews | 2h 25min atrás
UK Construction Sector Downturn Softens In May

UK Construction Sector Downturn Softens In May

The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.
RTTNews | 3h 8min atrás
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