Sensex, Nifty Surge On US Tariff Reprieve

RTTNews | vor 56 Tagen
Sensex, Nifty Surge On US Tariff Reprieve

(RTTNews) - Indian shares opened on a buoyant note Tuesday following a surprise U.S. tariff exemption of smartphones and computers, as well as other devices and components.

The benchmark S&P/BSE Sensex was up 1,524 points, or over 2 percent, at 76,681 in early trade while the broader NSE Nifty index was up 450 points, or 2 percent, at 23,279.

Tata Power Company rallied 3 percent after its subsidiary bagged a Rs. 4,500 crore order from NTPC.

Indian Hotels Company surged 3.1 percent after an announcement that it is expanding its footprint to 380 hotels in FY25.

HCL Technologies advanced 1.6 percent after integrating NVIDIA AI Enterprise with its GenAI-led service transformation platform, AI Force, and NVIDIA Omniverse with its physical AI solution, SmartTwin.

Zydus Lifesciences rose 1.3 percent on receiving final approval from the U.S.FDA to manufacture Jaythari (Deflazacort) tablets.

IRCON soared 4 percent on bagging a work order worth Rs 127.8 crore from Northwestern Railway.

Ashoka Buildcon jumped nearly 5 percent after it emerged as the lowest bidder for a project worth Rs 568.86 crore awarded by Central Railway.

Ahluwalia Contracts (India) also gained 5 percent on winning a residential project worth Rs 396.5 crore in Uttar Pradesh from Godrej Properties.

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Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | vor 25 Minuten
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | vor 55 Minuten
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | vor 1Std 25 Minuten
Japan Shares May See Continued Support On Wednesday

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
RTTNews | vor 1Std 40 Minuten
KOSPI May Challenge Resistance At 2,900 Points

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | vor 1Std 55 Minuten
Japan Producer Price Data Due On Wednesday

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.
RTTNews | vor 2Std 55 Minuten
Gold Dips As US-China Trade Talks Continue

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.
RTTNews | vor 4Std 41 Minuten