Sensex, Nifty Extend Gains For Third Day On Dovish Fed Bets

RTTNews | Před 654 dny
Sensex, Nifty Extend Gains For Third Day On Dovish Fed Bets

(RTTNews) - Indian shares rose sharply on Monday as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve.

It is widely believed that the Fed may not hike interest rates any further. Futures markets currently imply an 86 percent chance the first policy easing would come as soon as June.

Markets also expect the European Central Bank to cut rates by April, and the Bank of England in August.

The benchmark S&P BSE Sensex ended the session up 594.91 points, or 0.92 percent, at 64,958.69, extending gains for a third consecutive session. The broader NSE Nifty index jumped 181.15 points, or 0.94 percent, to 19,411.75.

Divis Laboratories topped the gainers list to end more than 5 percent higher after unveiling its Q2 earnings results.

Larsen & Toubro, Axis Bank, Hero MotoCorp and Eicher Motors rallied 2-3 percent.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | Před 33 minutami
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | Před 57 minutami
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | Před 1 h 23 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | Před 1 h 51 min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | Před 2 h 14 min
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | Před 10 h 22 min