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Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

RTTNews | il y a 939

Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

(RTTNews) - Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.

Investor sentiment was also underpinned after China reopened its borders for the first time in three years as part of its new policy on COVID-19.

The benchmark S&P BSE Sensex ended the session up 846.94 points, or 1.41 percent, at 60,747.31, while the broader NSE Nifty index settled 241.75 points, or 1.35 percent, higher at 18,101.20.

IT stocks topped the gainers list, with TCS climbing more than 3 percent ahead of its earnings release later in the day.

Rival HCL Technologies also added around 3 percent while IndusInd Bank, SBI Life and Mahindra & Mahindra jumped 3-4 percent. Among the prominent decliners, Titan Company lost 1.90 percent after issuing an update for the third quarter of FY 2022-23. Bajaj FinServ dropped 1.3 percent to extend last week's losses.

The rupee rose by the most in two months against the dollar, while oil prices jumped more than 3 percent in European trade on optimism about demand recovery in China.

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Singapore Stock Market May Spin Its Wheels On Wednesday

Singapore Stock Market May Spin Its Wheels On Wednesday

The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | il y a 23 minutes

Malaysia Bourse May Hand Back Tuesday's Gains

Malaysia Bourse May Hand Back Tuesday's Gains

The Malaysia stock market has alternated between positive and negative finishes through the last five 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 1,540-point plateau and it's likely to remain rangebound again on Wednesday.

RTTNews | il y a 53 minutes

Japan Shares May Turn Lower Again On Wednesday

Japan Shares May Turn Lower Again On Wednesday

The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.

RTTNews | il y a 1h 8min

South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.

RTTNews | il y a 1h 23min

New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.

RTTNews | il y a 2h 23min

U.S. Dollar Declines Amid Soft ISM PMI Data

U.S. Dollar Declines Amid Soft ISM PMI Data

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.

RTTNews | il y a 3h 4min

TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes

TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes

The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | il y a 6h 23min

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.

RTTNews | il y a 6h 56min

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