Sensex, Nifty Rebound After Weak Start; RIL Shines

RTTNews | vor 977 Tagen

(RTTNews) - After opening with a negative gap, Indian shares have climbed higher Monday morning, with several stocks, including index heavyweight Reliance Industries, moving up on strong buying interest.

The lead from Asian markets is weak with several markets in the region posting losses due to concerns over the growing unrest in China amid the zero-Covid policy with record high daily cases and the unprecedented restrictions in several cities in the country.

The benchmark BSE Sensex is up 119.34 points or 0.19 percent at 62,412.98. The index, which opened with a negative gap of nearly 280 points at 62,016.35, climbed to 62,484.66 before paring some gains.

The broader Nifty index of the National Stock Exchange, which dropped to 18,365.60 and rallied to 18,558.95 subsequently, is up 30.40 points or 0.16 percent at 18,543.15.

Reliance Industries is gaining 1.8 percent. Bajaj Finserv is up 1.3 percent and Bajaj Finance is up nearly 1 percent. Asian Paints, Axis Bank, Infosys, Kotak Bank, UltraTech Cement and Maruti Suuzki are up 0.5 to 0.8 percent.

BPCL is gaining 3.3 percent, topping the list of gainers in the Nifty index. Hero Motocorp is up 2.2 percent after the company said it will hike the prices of its two-wheelers by up to Rs 1,500 effective from December 1.

Bajaj Auto is up 1.3 percent, and SBI Life is rising 1.8 percent. Divi's Laboratories, Tata Motors and Wipro are up with modest gains.

HDFC, HDFC Bank, Tata Steel and State Bank of India are down 0.8 to 1.4 percent.

Hindalco is declining 2.2 percent. Apollo Hospitals Enterprises, JSW Steel and Tata Steel are down 1.7 percent, 1.4 percent, and 1.1 percent, respectively.

Va Tech Wabag shares are up nearly 4 percent after the company said it has signed an agreement with Asian Development Bank for raising Rs 200 crore through unlisted non-convertible debentures.

Indian Oil Corporation announced it has raised Rs 2,500 crore by issuing 25,000 non-convertible debentures of Rs 10 lakh each on private placement basis. The company plans to utilise the funds for refinancing existing borrowing or funding capital expenditure. The stock is up by about 2.5 percent.

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | vor 42 Minuten

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | vor 44 Minuten

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | vor 6Std 40 Minuten

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | vor 8Std 31 Minuten

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | vor 9Std 2 Minuten

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | vor 11Std 50 Minuten

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | vor 12Std 33 Minuten

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | vor 12Std 40 Minuten

EURUSD	1.1414	GBPUSD	1.31968	AUDUSD	0.64299
USDJPY	150.784	USDCAD	1.38543	USDCHF	0.81373

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Sensex, Nifty Rebound After Weak Start; RIL Shines