Sensex, Nifty Climb Higher As Stocks Rise On Bargain Hunting; HCL Tech Tanks

RTTNews | Před 225 dny

(RTTNews) - Indian benchmark stock indices Sensed and the Nifty50 are up in positive territory Tuesday morning with several counters attracting bargain hunting after four successive days of losses. Data showing a drop in the nation's consumer price inflation in the month of December is contributing as well to the positive mood in the market.

In addition to digesting the consumer price inflation data, investors are also reacting to some quarterly earnings updates. Worries about global economic growth and uncertainty about U.S. interest rate weigh a bit, limiting market's gains.

The BSE benchmark Sensex , which climbed to 76,779.49 earlier in the session, was up 327.56 points or 0.43% at 76,657.57 a little while ago.

The broader Nifty50 index of the National Stock Exchange is up 93.45 points or 0.4% at 23,179.40, coming off an early high of 23,227.20.

Data released by the National Statistical Office after trading hours on Monday showed India's consumer price inflation softened slightly to 5.22% in December from 5.48% in November. Inflation was expected to come in at 5.3%.

Investors are awaiting India's wholesale price inflation data, due later in the day.

IndusInd Bank and NTPC are gaining nearly 3.5% each. Zomato, which ended sharply lower on Monday, is up 3%. Tata Motors, Adani Ports, Bajaj Finance, State Bank of India, Tata Steel and Maruti Suzki are gaining 1.5 to 2.7%.

HDFC Bank, Bharti Airtel, Bajaj Finserv, Mahindra & Mahindra, Axis Bank, Asian Paints and Sun Pharmaceutical Industries are up with moderate gains.

Despite reporting a surge in consolidated net profit the third quarter, HCL Technologies is down 9% after the company's revenue guidance for the current financial year fell short of expectations. The IT major reported consolidted net profit of Rs 4,590 crore for the third quarter, compared to Rs 4,235 crore a quarter earlier.

Tech Mahindra, Nestle Industries, Hind Unilever and Titan Industries are down 0.5 to 1.4%.

Adani Enterprises, up 5.2%, is the biggest gainer in the Nifty50 index. NTPC is gaining 3.7%. Hindalco, JSW Steel, Shriram Finance, ONGC, Bharti Airtel and Eicher Motors are advancing 1 to 2.7%.

Angel One is down nearly 4%. The company reported a Rs 20 crore increase in third-quarter profit at Rs 280 crore, compared to a year ago.

Anand Rathi Wealth is down 2% despite reporting a jump in third quarter earnings at Rs 77 crore, compared to the year-ago quarter.

The market breadth is positive. On BSE, 2,511 stocks up with gains, while 1,112 stocks down in negative territory, and 141 stocks are flat.

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | Před 32 minutami

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | Před 50 minutami

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | Před 1 h 2 min

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | Před 1 h 8 min

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | Před 1 h 17 min

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | Před 1 h 32 min

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | Před 2 h 2 min

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | Před 2 h 32 min

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