Sensex, Nifty Rally On Global Cues; IT And Financials Lead Gainers

RTTNews | il y a 1045
Sensex, Nifty Rally On Global Cues; IT And Financials Lead Gainers

(RTTNews) - Indian shares rose sharply on Friday, mirroring positive global cues amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months.

Encouraging earnings updates from IT firms Infosys and MindTree coupled with reports suggesting that the British government will announce a U-turn on elements of its 43-billion-pound package of unfunded tax cuts that sparked turmoil in financial markets over the past few weeks also buoyed sentiment.

The benchmark S&P BSE Sensex hit an intraday high of 58,435.12 before closing at 57,919.97, up 684.64 points, or 1.20 percent, from its previous close.

The broader NSE Nifty index gained 171.35 points, or 1.01 percent, to settle at 17,185.70.

ICICI Bank, HCL Technologies, HDFC, HDFC Bank and Infosys climbed 2-4 percent in the Nifty pack while Adani Enterprises, Bajaj Auto, Mahindra & Mahindra, JSW Steel and ONGC dropped 1-2 percent.

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Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | il y a 24 minutes
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | il y a 37 minutes
Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | il y a 54 minutes
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
RTTNews | il y a 55 minutes
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.
RTTNews | il y a 1h 9min
China Stock Market May Extend Winning Streak

China Stock Market May Extend Winning Streak

The China stock market has moved higher in three straight sessions, advancing almost 100 points or 2.9 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | il y a 1h 24min
Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 23,760-point plateau, although it's likely to bounce higher again on Monday.
RTTNews | il y a 1h 54min
Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.
RTTNews | il y a 2h 24min