Sensex, Nifty Extend Gains To Hit Fresh New Highs

RTTNews | Před 588 dny
Sensex, Nifty Extend Gains To Hit Fresh New Highs

(RTTNews) - Indian shares rose for the fifth straight session on Thursday to touch fresh record highs, as the dollar eased, and bond yields dipped on hopes that the Federal Reserve may unwind its restrictive policy sooner rather than later.

Investors are currently pricing in the first 25 bps rate cut in March, followed by two more 25 bps cuts in May and June due to slowing inflation.

Overall, markets eye 5 cuts in 2024 and 3 more cuts in 2025 so that rates reach 3.00-3.25 percent in 2025Q3.

Oil prices fell further on easing supply worries, adding to the optimism surrounding inflation and interest-rate outlook.

Oil prices were down around 1 percent in European trade as industry data showed an inventory build and major shipping companies announced they were returning to the Red Sea route with the deployment of the U.S.-led OPG.

The benchmark S&P BSE Sensex rose 371.95 points, or 0.52 percent, to 72,410.38 while the broader NSE Nifty index settled 1233.95 points, or 0.57 percent, higher at 21,778.70 led by PSU and auto stocks.

BPCL, Hero MotoCorp, Mahindra & Mahindra, NTPC and Coal India rallied 3-4 percent.

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | Před 5 h 33 min
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | Před 6 h 5 min
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | Před 6 h 15 min
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | Před 7 h 12 min
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | Před 8 h 36 min