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Sensex, Nifty Rally As Trump Delays EU Tariffs

RTTNews | il y a 2

Sensex, Nifty Rally As Trump Delays EU Tariffs

(RTTNews) - Indian shares opened on a buoyant note Monday after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.

Earlier, Trump had threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st, claiming talks with the bloc are "going nowhere."

The benchmark S&P BSE Sensex was up 630 points, or 0.8 percent, at 82,351 in early trade while the broader NSE Nifty index edged up by 198 points, or 0.8 percent, to 25,047.

Among the top gainers, Titan Company, Tata Motors and Mahindra & Mahindra climbed 2-3 percent.

NTPC rose 1.4 percent and JSW Steel added 0.8 percent after declaring their fourth-quarter results.

Ashok Leyland was little changed despite reporting 38 percent year-on-year growth in its quarterly profit and announcing a 1:1 bonus issue.

ONGC gained 1 percent after announcing promising offshore oil and gas discoveries in the Mumbai Offshore basin.

Bajaj Auto advanced 1.3 percent. The company said it would take control of Austrian motorcycle brand KTM AG through an 800 million deal.

Lloyds Engineering Works rose about 1 percent on receiving an order worth Rs. 20.67 crore from Cochin Shipyard.

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Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.

RTTNews | il y a 3h 31min

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.

RTTNews | il y a 3h 44min

FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.

RTTNews | il y a 4h 33min

German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.

RTTNews | il y a 4h 37min

CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.

RTTNews | il y a 5h 46min

Sensex, Nifty End Lower; ITC Falls Over 3% After BAT's Stake Sale

Sensex, Nifty End Lower; ITC Falls Over 3% After BAT's Stake Sale

Indian shares ended modestly lower on Wednesday, extending losses for a second straight session in the wake of fund outflows due to large block deals and increased primary market activity.

RTTNews | il y a 5h 56min

DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.

RTTNews | il y a 6h 13min

France GDP Growth Confirmed At 0.1%

France GDP Growth Confirmed At 0.1%

The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent.

RTTNews | il y a 6h 56min

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