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Sensex, Nifty Gain As US Senate Clears Debt Ceiling Bill

RTTNews | vor 718 Tagen

Sensex, Nifty Gain As US Senate Clears Debt Ceiling Bill

(RTTNews) - Indian shares opened on a positive note Friday, mirroring firm cues from global markets after the U.S. Senate approved a bipartisan deal to address the debt ceiling and implement budget cuts, avoiding a potential U.S. default.

The benchmark S&P BSE Sensex was up 222 points, or 0.4 percent, at 62.651 in early trade, while the broader NSE Nifty index was up 70 points, or 0.4 percent, at 18,558.

Metal stocks were trading higher, with JSW Steel, Tata Steel and Hindalco all rising over 1 percent.

Maruti Suzuki India edged up slightly on reporting a 15 percent increase in sales for May.

Hero MotoCorp jumped 3.4 percent after posting 7 percent growth in sales in May from last year.

Tata Motors was slightly higher and TVS Motor added 1.7 percent after reporting their monthly sales figures.

Adani Enterprises rose about 1 percent after it terminated an agreement with Macquarie Asia Infrastructure for the acquisition of a 100 percent stake in Swarna Tolley, and a 56.8 percent stake in Gujarat Road and Infrastructure Company.

SpiceJet tumbled 3 percent after the Delhi High Court ordered the airline to pay Rs.380 crore to its former promoter, Kalanithi Maran in a seven-year-old share transfer dispute.

Coal India dropped half a percent as its offer for sale opens for retail investors today.

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Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.

RTTNews | vor 1Std 52 Minuten

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.

RTTNews | vor 2Std 41 Minuten

European Stocks Recover After Weak Start, Close Broadly Higher

European Stocks Recover After Weak Start, Close Broadly Higher

European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.

RTTNews | vor 3Std 1 Minuten

TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.

RTTNews | vor 4Std 32 Minuten

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.

RTTNews | vor 5Std 32 Minuten

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.

RTTNews | vor 8Std 2 Minuten

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.

RTTNews | vor 8Std 28 Minuten

FTSE 100 Moderately Higher As Investors Focus On Earnings

FTSE 100 Moderately Higher As Investors Focus On Earnings

U.K. stocks are up in positive territory on Tuesday, extending gains to a fourth straight session. The focus largely on corporate earnings updates, and the developments on the trade front.

RTTNews | vor 9Std 16 Minuten

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