Sensex, Nifty Extend Gains To Hit Fresh New Highs

RTTNews | il y a 586
Sensex, Nifty Extend Gains To Hit Fresh New Highs

(RTTNews) - Indian shares rose for the fifth straight session on Thursday to touch fresh record highs, as the dollar eased, and bond yields dipped on hopes that the Federal Reserve may unwind its restrictive policy sooner rather than later.

Investors are currently pricing in the first 25 bps rate cut in March, followed by two more 25 bps cuts in May and June due to slowing inflation.

Overall, markets eye 5 cuts in 2024 and 3 more cuts in 2025 so that rates reach 3.00-3.25 percent in 2025Q3.

Oil prices fell further on easing supply worries, adding to the optimism surrounding inflation and interest-rate outlook.

Oil prices were down around 1 percent in European trade as industry data showed an inventory build and major shipping companies announced they were returning to the Red Sea route with the deployment of the U.S.-led OPG.

The benchmark S&P BSE Sensex rose 371.95 points, or 0.52 percent, to 72,410.38 while the broader NSE Nifty index settled 1233.95 points, or 0.57 percent, higher at 21,778.70 led by PSU and auto stocks.

BPCL, Hero MotoCorp, Mahindra & Mahindra, NTPC and Coal India rallied 3-4 percent.

read more
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
RTTNews | il y a 28 minutes
Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.
RTTNews | il y a 1h 0min
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.
RTTNews | il y a 1h 33min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening well in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,550 level, with gains in automakers, exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | il y a 1h 55min
Indonesia Stock Market May Open In The Red On Wednesday

Indonesia Stock Market May Open In The Red On Wednesday

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,515-point plateau and it may hand back Tuesday's gains on Wednesday.
RTTNews | il y a 2h 3min
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | il y a 2h 16min
Hong Kong Shares Due For Consolidation On Wednesday

Hong Kong Shares Due For Consolidation On Wednesday

The Hong Kong stock market has moved higher in consecutive trading days, advancing almost 400 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 24,900-point plateau although investors may lock in gains on Wednesday.
RTTNews | il y a 2h 18min
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in consecutive trading days, gathering almost 60 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,620-point plateau although it may spin its wheels on Wednesday.
RTTNews | il y a 2h 33min