Sensex, Nifty Close Modestly Higher Ahead Of Fed Policy Announcement

RTTNews | Před 893 dny
Sensex, Nifty Close Modestly Higher Ahead Of Fed Policy Announcement

(RTTNews) - Indian benchmark indices Sensex and the Nifty closed higher on Wednesday, extending gains from the previous session, after data from the U.S. Labor Department showed a smaller than expected increase in consumer prices in the world's largest economy in November.

However, with profit taking wiping off some gains, the indices ended the day's session just modestly higher.

Investors were a bit cautious as they looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.

The Fed is widely expected to raise interest rate by another 50 basis points, but it is very likely that the tamer than expected consumer price inflation might prompt the central bank to slow down the pace of rate hikes from early 2023.

The benchmark BSE Sensex ended higher by 144.61 points or 0.23% at 62,677.91, nearly 160 points off the day's high of 62,835.11. The broader Nifty index of the National Stock Exchange settled with a gain of 52.30 points or 0.28% at 18,660.30, off the day's high of 18,696.10.

Technology, realty and metal stocks were among the prominent gainers. Media, healthcare and consumer durables shares too had a fairly good outing.

Hindalco, JSW Steel, ONGC, UPL, Eicher Motors, Tata Steel and Tech Mahindra climbed 1.6 to 2.4%.

State Bank of India, IndusInd Bank, NTPC, Divi's Laboratories, Power Grid Corporation and HCL Technologies also ended notably higher.

Nestle slid 1.6%. ICICI Bank and Bharti Airtel ended lower by 1.28% and 1.1%, respectively. Asian Paints, Hind Unilever, UltraTech Cement and SBI Life also closed weak.

The market breadth was positive. Out of 3,677 stocks seen in action on BSE, 2,034 stocks closed higher. 1,498 stocks ended weak, while 145 stocks settled little changed from their previous closing levels.

In economic news, data released by the government showed the annual rate of inflation based on all India Wholesale Index (WPI) came in at 5.85% (provisional) for the month of November 2022, over the same month last year. WPI Inflation increased by 8.39% in October 2022.

read more
Japan Leading Index Data Due On Monday

Japan Leading Index Data Due On Monday

Japan will on Monday see March results for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | Před 1 h 7 min
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | Před 2 dny
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | Před 2 dny
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | Před 2 dny
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | Před 2 dny
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | Před 2 dny
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | Před 2 dny
Bay Street Likely To Open On Negative Note On Tariff Concerns

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
RTTNews | Před 2 dny