Sensex, Nifty Extend Gains For Third Day On Dovish Fed Bets

RTTNews | hace 777
Sensex, Nifty Extend Gains For Third Day On Dovish Fed Bets

(RTTNews) - Indian shares rose sharply on Monday as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve.

It is widely believed that the Fed may not hike interest rates any further. Futures markets currently imply an 86 percent chance the first policy easing would come as soon as June.

Markets also expect the European Central Bank to cut rates by April, and the Bank of England in August.

The benchmark S&P BSE Sensex ended the session up 594.91 points, or 0.92 percent, at 64,958.69, extending gains for a third consecutive session. The broader NSE Nifty index jumped 181.15 points, or 0.94 percent, to 19,411.75.

Divis Laboratories topped the gainers list to end more than 5 percent higher after unveiling its Q2 earnings results.

Larsen & Toubro, Axis Bank, Hero MotoCorp and Eicher Motors rallied 2-3 percent.

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UK Q3 GDP Growth Confirmed At 0.1%

UK Q3 GDP Growth Confirmed At 0.1%

The UK economy registered a meager growth as initially estimated in the third quarter, the Office for National Statistics said on Monday. Gross domestic product grew by unrevised 0.1 percent sequentially, following the second quarter's 0.2 percent expansion. The growth was driven by increases in services and construction, while industrial output contracted.
RTTNews | hace 2h 16min
Pound Rises After U.K. GDP Data

Pound Rises After U.K. GDP Data

The British pound strengthened against other major currencies in the European session on Monday, following the release of the U.K. GDP figures in the third quarter of 2025.
RTTNews | hace 2h 21min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | hace 2h 36min
Australian Dollar Rises After PBoC Rate Decision

Australian Dollar Rises After PBoC Rate Decision

The Australian dollar strengthened against other major currencies in the Asian session on Monday, after China maintained its benchmark interest rates for the seventh straight month, as widely expected.
RTTNews | hace 2h 39min
Sensex, Nifty Up Firmly As Tech, Metal Stocks Rally

Sensex, Nifty Up Firmly As Tech, Metal Stocks Rally

Key Indian stock indexes Sensex and the Nifty50 remain firmly placed in positive territory Monday afternoon, holding their early gains intact thanks to sustained buying at several counters, amid rising optimism about more monetary easing by the Federal Reserve, and reacting to some encouraging corporate news.
RTTNews | hace 2h 50min
European Economic News Preview: UK Revised GDP Data Due

European Economic News Preview: UK Revised GDP Data Due

Revised GDP from the UK is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for the third quarter. The initial estimate showed that the economy grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion.
RTTNews | hace 4h 34min
China Keeps Key Interest Rates Unchanged

China Keeps Key Interest Rates Unchanged

China maintained its benchmark interest rates for the seventh straight month, as widely expected, on Monday. The People's Bank of China left its one-year loan prime rate unchanged at 3.0 percent on Monday. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | hace 5h 4min