Sensex Gains 494 Points; Nifty Tops 22,650

RTTNews | il y a 521
Sensex Gains 494 Points; Nifty Tops 22,650

(RTTNews) - Indian shares rose notably on Monday as Middle East tension eased somewhat, and focus shifted to the upcoming earnings season. The dollar paused and oil prices retreated from a six-month high hit last week, helping underpin investor sentiment.

The benchmark S&P BSE Sensex rose 494.28 points, or 0.67 percent, to 74,742.50 even as a much stronger-than-expected U.S. jobs report for March cast more doubt on the outlook for rate cuts.

The broader NSE Nifty index finished up 152.60 points, or 0.68 percent, at 22,666.30 despite mixed cues from global markets ahead of a busy week for U.S. economic data releases and Fed speeches.

SBI Life, NTPC, Maruti Suzuki India, Mahindra & Mahindra and Eicher Motors jumped 2-4 percent in the Nifty pack, while Apollo Hospitals Enterprise, Nestle India and Adani Port fell between 1.2 percent and 1.6 percent.

Wipro gave up 1 percent as Thierry Delaporte resigned as its CEO.

Voltas soared 6.3 percent after an update that the company registered its highest-ever air conditioner sale of 2 million units in FY24.

Adani Green Energy added 1.2 percent after unveiling expansion plans.

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Swiss Market Ends Moderately Higher

Swiss Market Ends Moderately Higher

The Switzerland market closed on a firm note on Thursday with several stocks gaining good ground in positive territory thanks to sustained buying support.
RTTNews | il y a 2h 49min
European Stocks Close On Firm Note On Fed Rate Cut Hopes

European Stocks Close On Firm Note On Fed Rate Cut Hopes

European stocks closed higher on Thursday as the latest data on U.S. consumer price inflation and unemployment claims boosted the prospects of a rate cut by the Federal Reserve next week. Investors also digested the European Central Bank's decision to hold rates.
RTTNews | il y a 3h 11min
TSX Continues To Climb New Highs As Rate Cut Hopes Rise

TSX Continues To Climb New Highs As Rate Cut Hopes Rise

The Canadian market is up firmly in positive territory around noon on Thursday, led by strong gains in financials, real estate, consumer discretionary and industrials stocks. Rising prospects of a rate cut by the Federal Reserve following data showing the annual growth of consumer prices in the U.S. came in line with estimates, and signs of weakness in the labor market, help undermine sentiment.
RTTNews | il y a 4h 9min
ECB's Lagarde Says Eurozone Remains In

ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced

European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.
RTTNews | il y a 4h 20min
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
RTTNews | il y a 6h 30min
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
RTTNews | il y a 6h 35min
Turkish Central Bank Cuts Key Rates Sharply For Second Time

Turkish Central Bank Cuts Key Rates Sharply For Second Time

Turkey's central bank slashed its key interest rates for the second straight meeting on Thursday citing slowdown in the underlying trend of inflation. The Monetary Policy Committee of the Republic of Turkey decided to reduce the policy rate to 40.5 percent from 43.0 percent. Previously, the bank had reduced the rate by 300 basis points in July.
RTTNews | il y a 6h 47min