Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

RTTNews | vor 3 Tagen
Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

(RTTNews) - Indian shares rose on Monday as soft U.S. jobs data signaling a sharp deterioration in labor market conditions fueled bets of imminent Federal Reserve rate cuts.

Underlying sentiment was also supported by falling oil prices on supply glut fears and a weaker dollar due to tariff-related worries and growing fears of political influence on key institutions in the U.S.

As growth concerns re-emerge, investors also looked ahead to the Reserve Bank of India's monetary policy decision on August 6 for directional cues.

Economists are split on whether RBI's monetary policy board will continue cutting rates amid U.S. tariff shock and growth risks.

The BSE Sensex jumped 418.81 points, or, 0.52 percent, to 81,018.72, snapping a two-day losing streak.

The broader NSE Nifty index surged 157.40 points, or 0.64 percent, to 24,722.75 while the BSE mid-cap and small-cap indexes climbed 1.1 percent and 0.8 percent, respectively.

The market breadth was strong on the BSE, with 2,293 shares rising while 1,837 shares fell and 177 shares closed unchanged.

Among the top gainers, Tata Steel and BEL both rose around 4 percent while Bharti Airtel, TCS, Tech Mahindra and Adani Ports rallied 2-3 percent.

read more
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday.
RTTNews | vor 1Std 28 Minuten
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | vor 1Std 40 Minuten
Sensex, Nifty Edge Lower On Tariff Concerns

Sensex, Nifty Edge Lower On Tariff Concerns

Indian shares were moving lower on Friday as U.S. President Donald Trump ruled out trade talks with India and Prime Minister Modi said he will never compromise on farmers' interests.
RTTNews | vor 2Std 38 Minuten
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining stocks.
RTTNews | vor 3Std 50 Minuten
Asian Markets Mixed Amid Tariff Caution

Asian Markets Mixed Amid Tariff Caution

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as uncertainty continues over US reciprocal tariffs despite the tariff's kicking in on Thursday. Market uncertainty is created by the pressure tactics exerted by the US by constantly altering tariffs. Asian markets ended mostly higher on Thursday.
RTTNews | vor 3Std 53 Minuten
Sensex, Nifty Set To Open Lower On Trade Concerns

Sensex, Nifty Set To Open Lower On Trade Concerns

Indian shares look set to open on a sluggish note Friday as U.S. President has ruled out any possibility of trade negotiations with India and Prime Minister Narendra Modi said India would not compromise on the interests of its farmers, fishermen or livestock rearers, even if it meant paying "a heavy personal price."
RTTNews | vor 4Std 35 Minuten
Thai Stock Market May Spin Its Wheels On Friday

Thai Stock Market May Spin Its Wheels On Friday

The Thai stock market has moved higher in four straight sessions, gathering almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau although it may be stuck in neutral on Friday.
RTTNews | vor 5Std 9 Minuten
Continued Consolidation Called For Indonesia Stock Market

Continued Consolidation Called For Indonesia Stock Market

The Indonesia stock market has finished lower in back-to-back sessions, slipping more than 25 points or 0.3 percent in that span. The Jakarta Composite Index now sits just above the 7,490-point plateau and it may take further damage on Friday.
RTTNews | vor 5Std 39 Minuten