Sensex, Nifty Rise After US Debt Deal

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Sensex, Nifty Rise After US Debt Deal

(RTTNews) - Indian shares opened on a positive note Monday after U.S. lawmakers announced a tentative deal to raise the federal government's debt ceiling and avert a devasting default.

The benchmark S&P BSE Sensex was up 421 points, or 0.7 percent, at 62,922 in early trade, while the broader NSE Nifty index was up 114 points, or 0.62 percent, at 18,613.

Among the prominent gainers, Hindalco, IndusInd Bank, HDFC, SBI Life and Mahindra & Mahindra rallied 1-3 percent.

Power Finance Corp rallied 2.2 percent on reports it is looking to venture into funding road infrastructure projects.

PTC India jumped 3 percent despite reporting an 8 percent decline in FY23 consolidated net profit.

ONGC tumbled nearly 4 percent after posting a surprise loss in the March quarter.

Sun Pharmaceutical Industries fell about 2 percent after it proposed to buy out all of Taro Pharmaceutical Industries' shares.

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UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
RTTNews | il y a 20 minutes
Bay Street May Open Higher On Firm Commodity Prices

Bay Street May Open Higher On Firm Commodity Prices

Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors. Worries about trade tensions may hurt a bit and limit market's upside.
RTTNews | il y a 53 minutes
FTSE Up Slightly As Stocks Turn In Mixed Performance

FTSE Up Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance. The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
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U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
RTTNews | il y a 2h 20min
Swiss GDP Growth Accelerates In Q1

Swiss GDP Growth Accelerates In Q1

Switzerland's economic growth accelerated in the first quarter on a notable rebound in exports to the US ahead of the increase in trade tariffs, official data revealed on Monday. Gross domestic product expanded by adjusted 0.8 percent sequentially after rising 0.6 percent in the fourth quarter of 2024, the State Secretariat for Economic Affairs, or SECO, reported.
RTTNews | il y a 2h 35min
CAC 40 Remains Weak Despite Coming Off Early Lows

CAC 40 Remains Weak Despite Coming Off Early Lows

French stocks are exhibiting weakness on Monday, extending recent losses, amid renewed concerns about trade tensions following U.S. President Donald Trump's announcement that tariffs on steel and aluminium will be increased to 50% from June 4th. Escalating tensions between the U.S. and China also contribute to the weakening sentiment.
RTTNews | il y a 2h 43min