Sensex, Nifty End Marginally Up As Stocks Rally On Late Buying

RTTNews | Před 643 dny

(RTTNews) - Indian benchmark stock indices Sensex and the Nifty50 ended marginally up on Wednesday, gaining for a fourth straight day, despite staying week for much of the day's trading session.

After a flat start and a subsequent marginal uptick, the market turned easy and then slipped a bit deeper into the red around mid afternoon before recovering gradually to settle slightly above the flat line.

The mood remained cautious amid lingering worries about global economic slowdown after recent data showed a contraction in China's services sector growth and a decline in Euro area business sentiment.

Global cues were weak as well, with Wall Street closing on a negative note overnight, and Asian stocks turning in a lackluster performance today.

The S&P BSE Sensex ended with a gain of 100.26 points or 0.15% at 65,880.52 after scaling a low of 65,488.03 and a high of 65,971.13 intraday. The broader Nifty50 of the National Stock Exchange, which rallied to 19,636.45 from a low of 19,491.50, settled at 19,611.05, gaining 36.15 points or 0.18%.

FMCG, pharmaceuticals and oil stocks gained ground in positive territory, contributing significantly to the positive close.

Petronet surged nearly 7%. Castrol India and MGL both gained about 3.85%. IGL, ATGL, Gujarat Gas and GSPL gained 1 to 2%.

Pharmaceuticals shares Torrent Pharma, Lupin, Divi's Laboratories, Lalpath Labs, Aurbindo Pharma, Cipla, Metropolis and Abbot India gained 1.2 to 2.5%. Syngene International Limited shares climbed nearly 4%.

Tata Consumer Products, up 4.1%, was the top gainer in the FMCG sector. Radico Khaitan and McDowell gained 2.8% and 2.5%, respectively. PGHH, Colgate Palmolive, Emami, Britannia Industries, Marico and ITC also ended notably higher.

Jio Financial Services ended nearly 1% down as stocks is getting excluded from the Nifty50 and other NSE indices effective from 7 September.

Union Bank of India declined more than 2%. Bank of Baroda ended marginally down. The Indian Renewable Energy Development Agency has signed an MoU with Union Bank of India and Bank of Baroda to co-finance renewable energy projects.

Ind-Swift Laboratories hit the 20% upper circuit after the company's board approved the slump sale of Active Pharmaceutical Ingredients and CRAMS Business of the company to Synthimed Labs for an enterprise value of Rs 1,650 crore.

The market breadth was positive. On BSE, 1,955 stocks moved higher, and 1,682 stocks declined, while 154 stocks ended flat.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | Před 31 minutami

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | Před 2 h 18 min

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | Před 2 h 24 min

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | Před 3 h 4 min

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | Před 4 h 29 min

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | Před 4 h 45 min

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | Před 5 h 53 min

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | Před 6 h 29 min

EURUSD	1.14283	GBPUSD	1.35016	AUDUSD	0.65237
USDJPY	144.866	USDCAD	1.36729	USDCHF	0.82261

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Sensex, Nifty End Marginally Up As Stocks Rally On Late Buying