Sensex, Nifty Move Higher As Stocks Rise On Bargain Hunting

RTTNews | Před 266 dny

(RTTNews) - Indian shares are up firmly in positive territory Tuesday morning with traders indulging in some bargain hunting at several counters following recent steep losses. Positive lead from global markets contribute to the buying interest on the Indian bourses.

Technology, automobile, bank and realty stocks are among the prominent gainers. Several stocks from the media sector are up with impressive gains.

The BSE benchmark Sensex, which climbed to 78,309.57, was up 943.18 or 1.22% at 78,282.19 a little while ago. The broader Nifty50 index of the National Stock Exchange was up 278.85 points or 1.19% at 23,732.65.

Mahindra & Mahindra, Titan, Adani Ports, Tech Mahindra and Tata Motors are gaining 2.5 to 3%. Tata Consultancy Services and IndusInd Bank are up 2.3% and 2.2%, respectively.

HDFC Bank, UltraTech Cement, Infosys, Power Grid Corporation, ITC, Reliance Industries, HCL Technologies and Larsen & Toubro are up 1 to 2%. NTPC and Bharti Airtel are also notably higher.

Trent is gaining about 2.85%. ONGC is up 2.75%. Eicher Motors, BPCL, Hero Motocorp, BEL, Dr Reddy's Laboratories and Coal India are also up with strong gains.

HDFC Life, SBI Life, Bajaj Financial Servies and Hindalco are down 0.7 to 1.7%.

Auto components stocks Motherson Sumi, Exide Industries, Bharat Forge, Bosch, Apollo Tyre and Balkrishna Industries are up sharply.

Media stocks PVR Inox, Sun TV Network, Dish TV, Nazara, Den, Hathway, Saregama and TIPS Musci are up 1.5 to 3.4%.

Waaree Energies Limited reported a net profit of Rs 375.65 crore for the quarter ended September 30, 2024, compared to Rs 320.12 crore in the corresponding quarter of the previous year. The stock is down 3.7%.

Adani Green Energy will be in focus on reports the company is preparing to launch a US$ 600 million bond issue in the next few days. The stock is gaining about 0.5%.

Bajaj Finance Limited reported a 21% increase in its Fixed Deposit book to Rs 66,131 crore as of September 30, 2024. The stock is up 0.5%.

Ashoka Buildcon Ltd is gaining about 2.7% after the company announced in a filing to the stock exchanges on Monday that it has been declared the lowest bidder for projects worth Rs 2,791 crore by the National Highways Authority of India.

The market breadth is very strong. On BSE, 2,903 stocks are up in positive territory. 843 stocks are trading weak, while 131 stocks are little changed from their previous closing levels.

Overbought Japan Bourse Nonetheless Called Higher On Wednesday

The Japan stock market had moved higher in five consecutive sessions, advancing more than 2,480 points or 6 percent along the way. The Nikkei 225 now sits just beneath the 42,720-point plateau and it has a positive lead again on Wednesday.

RTTNews | Před 22 minutami

KOSPI Poised To Halt Losing Streak

The South Korea stock market has finished lower in three straight sessions, sinking more than 35 points or 1.2 percent along the way. The KOSPI now sits just beneath the 3,190-point plateau although it may stop the bleeding on Wednesday.

RTTNews | Před 37 minutami

Australia Wage Price Data Due On Wednesday

Australia will on Wednesday release Q2 data for its wage price index, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to rise 0.8 percent on quarter and 3.3 percent on year, easing from 0.9 percent on quarter and 34 percent on year in the three months prior.

RTTNews | Před 1 h 37 min

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | Před 2 h 34 min

U.S. Small Business Confidence Improves In July - NFIB

Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.

RTTNews | Před 3 h 50 min

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.

RTTNews | Před 5 h 43 min

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.

RTTNews | Před 6 h 3 min

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.

RTTNews | Před 6 h 40 min

EURUSD	1.16755	GBPUSD	1.35	AUDUSD	0.65296
USDJPY	147.808	USDCAD	1.37688	USDCHF	0.80623