Sensex, Nifty Move Higher As Stocks Rise On Bargain Hunting

RTTNews | il y a 270

(RTTNews) - Indian shares are up firmly in positive territory Tuesday morning with traders indulging in some bargain hunting at several counters following recent steep losses. Positive lead from global markets contribute to the buying interest on the Indian bourses.

Technology, automobile, bank and realty stocks are among the prominent gainers. Several stocks from the media sector are up with impressive gains.

The BSE benchmark Sensex, which climbed to 78,309.57, was up 943.18 or 1.22% at 78,282.19 a little while ago. The broader Nifty50 index of the National Stock Exchange was up 278.85 points or 1.19% at 23,732.65.

Mahindra & Mahindra, Titan, Adani Ports, Tech Mahindra and Tata Motors are gaining 2.5 to 3%. Tata Consultancy Services and IndusInd Bank are up 2.3% and 2.2%, respectively.

HDFC Bank, UltraTech Cement, Infosys, Power Grid Corporation, ITC, Reliance Industries, HCL Technologies and Larsen & Toubro are up 1 to 2%. NTPC and Bharti Airtel are also notably higher.

Trent is gaining about 2.85%. ONGC is up 2.75%. Eicher Motors, BPCL, Hero Motocorp, BEL, Dr Reddy's Laboratories and Coal India are also up with strong gains.

HDFC Life, SBI Life, Bajaj Financial Servies and Hindalco are down 0.7 to 1.7%.

Auto components stocks Motherson Sumi, Exide Industries, Bharat Forge, Bosch, Apollo Tyre and Balkrishna Industries are up sharply.

Media stocks PVR Inox, Sun TV Network, Dish TV, Nazara, Den, Hathway, Saregama and TIPS Musci are up 1.5 to 3.4%.

Waaree Energies Limited reported a net profit of Rs 375.65 crore for the quarter ended September 30, 2024, compared to Rs 320.12 crore in the corresponding quarter of the previous year. The stock is down 3.7%.

Adani Green Energy will be in focus on reports the company is preparing to launch a US$ 600 million bond issue in the next few days. The stock is gaining about 0.5%.

Bajaj Finance Limited reported a 21% increase in its Fixed Deposit book to Rs 66,131 crore as of September 30, 2024. The stock is up 0.5%.

Ashoka Buildcon Ltd is gaining about 2.7% after the company announced in a filing to the stock exchanges on Monday that it has been declared the lowest bidder for projects worth Rs 2,791 crore by the National Highways Authority of India.

The market breadth is very strong. On BSE, 2,903 stocks are up in positive territory. 843 stocks are trading weak, while 131 stocks are little changed from their previous closing levels.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | il y a 13h 58min

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | il y a 16h 48min

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | il y a 17h 16min

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | il y a 17h 35min

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | il y a 19h 12min

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | il y a 19h 30min

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | il y a 19h 59min

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | il y a 20h 24min

EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
USDJPY	147.18	USDCAD	1.38173	USDCHF	0.8063