Sensex Rises 320 Points; Nifty Nears 20,200

RTTNews | il y a 688
Sensex Rises 320 Points; Nifty Nears 20,200

(RTTNews) - Indian shares advanced on Friday on the back of upbeat global sentiment after the European Central Bank signaled that Thursday's rate hike could be the last hike in the current cycle.

Robust U.S. economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.

Also, China reported improved economic data for August and also announced a cut to banks' reserve requirement ratio, helping spur a global rally.

Benchmark indexes Sensex and Nifty scaled fresh record highs for a second day running, tracking strength across world markets.

The benchmark S&P BSE Sensex ended the session up 319.63 points, or 0.47 percent, at 67,838.63 while the broader NSE Nifty index closed up 89.25 points, or 0.44 percent, at 20,192.35.

Bajaj Auto topped the gainers list to rally 6.3 percent, while Hero MotoCorp, Mahindra & Mahindra, Grasim and HCL Technologies all rose around 2 percent.

On the flip side, Asian Paints, Hindustan Unilever and BPCL all ended down over 1 percent.

read more
Taiwan Stock Market Tipped To Open Under Pressure On Monday

Taiwan Stock Market Tipped To Open Under Pressure On Monday

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | il y a 34 minutes
Singapore Shares May Take Further Damage On Monday

Singapore Shares May Take Further Damage On Monday

The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
RTTNews | il y a 1h 4min
Malaysia Shares May Hand Back Friday's Gains

Malaysia Shares May Hand Back Friday's Gains

The Malaysia stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,535-point plateau although it may tick lower again on Monday.
RTTNews | il y a 1h 34min
Japan Stock Market May Extend Friday's Losses

Japan Stock Market May Extend Friday's Losses

The Japan stock market headed south again on Friday, one day after ending the four-day losing streak in which it had given up almost 1,175 points or 2.8 percent. The Nikkei 225 now sits just shy of the 40,800-point plateau and it may open to the downside again on Monday.
RTTNews | il y a 1h 49min
South Korea Shares May Extend Losing Streak

South Korea Shares May Extend Losing Streak

The South Korea stock market has moved lower in back-to-back sessions, tumbling more than 135 points or 3.9 percent along the way. The KOSPI now sits just shy of the 3,120-point plateau and it's likely to take further damage on Monday.
RTTNews | il y a 2h 4min
Japan Monetary Base Data Due On Monday

Japan Monetary Base Data Due On Monday

Japan will on Monday release July figures for monetary base, highlighting a very light day for Asia-Pacific economic activity. In June, the base was down 3.3 percent on year.
RTTNews | il y a 3h 4min