Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

RTTNews | vor 941 Tagen
Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

(RTTNews) - Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.

Investor sentiment was also underpinned after China reopened its borders for the first time in three years as part of its new policy on COVID-19.

The benchmark S&P BSE Sensex ended the session up 846.94 points, or 1.41 percent, at 60,747.31, while the broader NSE Nifty index settled 241.75 points, or 1.35 percent, higher at 18,101.20.

IT stocks topped the gainers list, with TCS climbing more than 3 percent ahead of its earnings release later in the day.

Rival HCL Technologies also added around 3 percent while IndusInd Bank, SBI Life and Mahindra & Mahindra jumped 3-4 percent. Among the prominent decliners, Titan Company lost 1.90 percent after issuing an update for the third quarter of FY 2022-23. Bajaj FinServ dropped 1.3 percent to extend last week's losses.

The rupee rose by the most in two months against the dollar, while oil prices jumped more than 3 percent in European trade on optimism about demand recovery in China.

read more
Singapore Bourse Due For Profit Taking On Friday

Singapore Bourse Due For Profit Taking On Friday

The Singapore stock market has climbed higher in four straight sessions, gathering more than 100 points or 2.4 percent along the way. The Straits Times Index now sits just beneath the 4,260-point plateau although investors may lock in gains on Friday.
RTTNews | vor 15 Minuten
Japan Household Spending Slumps 5.2% In June

Japan Household Spending Slumps 5.2% In June

The average of household spending in Japan was down a seasonally adjusted 5.2 percent on month in June, the Ministry of Internal Affairs and Communications aid on Friday - coming in at 316,085 yen.
RTTNews | vor 38 Minuten
Malaysia Stock Market May Be Stuck In Neutral On Friday

Malaysia Stock Market May Be Stuck In Neutral On Friday

The Malaysia stock market has moved higher in three straight sessions, collecting more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,550-point plateau although it's due for consolidation on Friday.
RTTNews | vor 45 Minuten
Win Streak May End For Japan Stock Market

Win Streak May End For Japan Stock Market

The Japan stock market has moved higher in three consecutive sessions, advancing more than 760 points or 1.9 percent along the way. The Nikkei 225 now sits just shy of the 41,060-point plateau although it may spin its wheels on Friday.
RTTNews | vor 1Std 0 Minuten
South Korea Shares May Run Out Of Steam On Friday

South Korea Shares May Run Out Of Steam On Friday

The South Korea stock market has moved higher in four straight sessions, advancing almost 110 points or 3.6 percent along the way. The KOSPI now sits just above the 3,225-point plateau although the rally may stall on Friday.
RTTNews | vor 1Std 15 Minuten
Japan Data On Tap For Friday

Japan Data On Tap For Friday

Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.
RTTNews | vor 2Std 15 Minuten
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | vor 9Std 7 Minuten