Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

RTTNews | Před 941 dny
Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

(RTTNews) - Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.

Investor sentiment was also underpinned after China reopened its borders for the first time in three years as part of its new policy on COVID-19.

The benchmark S&P BSE Sensex ended the session up 846.94 points, or 1.41 percent, at 60,747.31, while the broader NSE Nifty index settled 241.75 points, or 1.35 percent, higher at 18,101.20.

IT stocks topped the gainers list, with TCS climbing more than 3 percent ahead of its earnings release later in the day.

Rival HCL Technologies also added around 3 percent while IndusInd Bank, SBI Life and Mahindra & Mahindra jumped 3-4 percent. Among the prominent decliners, Titan Company lost 1.90 percent after issuing an update for the third quarter of FY 2022-23. Bajaj FinServ dropped 1.3 percent to extend last week's losses.

The rupee rose by the most in two months against the dollar, while oil prices jumped more than 3 percent in European trade on optimism about demand recovery in China.

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 1 h 11 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 1 h 42 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 1 h 52 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 2 h 49 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 4 h 13 min