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Indian Shares Rally Ahead Of Powell's Speech

RTTNews | vor 1070 Tagen

Indian Shares Rally Ahead Of Powell's Speech

(RTTNews) - Indian shares rallied on Friday, mirroring firm cues from global markets as investors awaited Federal Reserve Chairman Jerome Powell's speech later today at the Jackson Hole economic conference for hints on inflation and rate outlook.

The benchmark S&P/BSE Sensex jumped 520 points, or 0.9 percent, to 59,294 in early trade, while the broader NSE Nifty index was up 147 points, or 0.8 percent, at 17,669.

JSW Steel, Tech Mahindra, Mahindra & Mahindra, Titan Company and Coal India climbed 2-3 percent in the Nifty pack, while Bharti Airtel and Eicher Motors fell around 1 percent each.

TCS rose over 1 percent on reports that it is asking employees to return to office from November.

Torrent Pharma gained nearly 2 percent on news it is acquiring Curatio Healthcare.

Indian Oil Corporation rose about 1 percent after it announced plans to invest Rs 2 lakh crore to achieve net-zero operational carbon emissions by 2046.

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Lower Open Called For Indonesia Stock Market

Lower Open Called For Indonesia Stock Market

The Indonesia stock market on Wednesday halted the five-day winning streak in which it had jumped more than 260 points or 2.8 percent. The Jakarta Composite Index now sits just beneath the 7,550-point plateau and it may tick lower again on Thursday.

RTTNews | vor 13 Minuten

Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.

RTTNews | vor 20 Minuten

Hong Kong Stock Market May Halt Its Slide

Hong Kong Stock Market May Halt Its Slide

The Hong Kong stock market has moved lower in two straight sessions, sinking almost 390 points or 1.4 percent in that span. The Hang Seng Index now sits just above the 25,175-point plateau although it may stop the bleeding on Thursday.

RTTNews | vor 28 Minuten

Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has moved higher in three straight sessions, gathering more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now sits just above the 3,615-point plateau although it may spin its wheels on Thursday.

RTTNews | vor 43 Minuten

Mild Upside Seen For Taiwan Stock Market

Mild Upside Seen For Taiwan Stock Market

The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,460-point plateau and it's looking at a steady start on Thursday.

RTTNews | vor 1Std 13 Minuten

Japan Retail Sales Jump 2.0% In June

Japan Retail Sales Jump 2.0% In June

The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.

RTTNews | vor 1Std 38 Minuten

Singapore Bourse May Halt Its Slide

Singapore Bourse May Halt Its Slide

The Singapore stock market has tracked lower in four straight sessions, sliding more than 50 points or 1.3 percent along the way. The Straits Times Index now rests just beneath the 4,220-point plateau although it may stop the bleeding on Thursday.

RTTNews | vor 1Std 43 Minuten

Japan Industrial Output Climbs 1.7% In June

Japan Industrial Output Climbs 1.7% In June

Industrial production in Japan was up a seasonally adjusted 1.7 percent on month in June, the Ministry of Economy, Trade and Industry said on Thursday.

RTTNews | vor 1Std 46 Minuten

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