Sensex, Nifty Edge Higher Led By IT Stocks

RTTNews | vor 491 Tagen
Sensex, Nifty Edge Higher Led By IT Stocks

(RTTNews) - Indian shares eked out modest gains in early trade on Thursday as soft inflation data boosted hopes that the U.S. Federal Reserve will deliver at least two interest rate cuts in 2024.

The benchmark S&P BSE Sensex was up 208 points, or 0.3 percent, at 73,195 while the broader NSE Nifty index was up 67 points, or 0.3 percent, at 22,268.

IT stocks were seeing broad-based gains, with LTIMindTree, HCL Technologies, Tech Mahindra and Infosys all rising around 2 percent.

Mahindra & Mahindra rose 1 percent ahead of its earnings release.

SpiceJet rallied 2.4 percent after the Delhi High Court ordered the airline to return two leased Boeing aircraft and their engines to lessor TWC Aviation Capital over unpaid dues.

Bharti Airtel climbed 1.8 percent after its CEO Gopal Vittal emphasized the need for 'substantial tariff repair' across the industry.

Titagarh Rail Systems soared 7.4 percent as it reported a 64 percent year-on-year increase in net profit in Q4FY24.

Power Finance Corp added 2.3 percent on reporting a 25 percent increase in FY24 net profit.

TVS Motor Company gained 1 percent after entering the Italian market.

Jindal Stainless tumbled nearly 3 percent after it earmarked Rs 4,700 crore capex for the current fiscal.

Colgate-Palmolive India was marginally lower on reports it plans to launch products from its global portfolio of personal and home care brands over the next couple of quarters.

read more
Thai Shares May Halt Slide On Friday

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
RTTNews | vor 51 Minuten
Japanese Market Notably Higher

Japanese Market Notably Higher

Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.
RTTNews | vor 1Std 9 Minuten
Higher Open Tipped For Indonesia Stock Market

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Thursday ended the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index now sits just shy of the 8,010-point plateau, although it may tick higher again on Friday.
RTTNews | vor 1Std 21 Minuten
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains energy and technology stocks partially offset by weakness in mining stocks.
RTTNews | vor 1Std 21 Minuten
Hong Kong Bourse Expected To Remain Rangebound

Hong Kong Bourse Expected To Remain Rangebound

The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau although it's likely to move back to the upside again on Friday.
RTTNews | vor 1Std 36 Minuten
China Shares May Bounce Higher Again On Friday

China Shares May Bounce Higher Again On Friday

The China stock market on Thursday ended the two-day winning streak in which it had collected more than 15 points or 0.4 percent. The Shanghai Composite Index now rests just above the 3,830-point plateau although it's expected to rebound on Friday.
RTTNews | vor 1Std 51 Minuten
Taiwan Stock Market May Crack 26,000-Point Barrier

Taiwan Stock Market May Crack 26,000-Point Barrier

The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just beneath the 25,770-point plateau and it's expected to open to the upside again on Friday.
RTTNews | vor 2Std 21 Minuten