Sensex Surges Over 400 Points; Nifty Tops 22,500

RTTNews | il y a 505
Sensex Surges Over 400 Points; Nifty Tops 22,500

(RTTNews) - Indian markets opened on a positive note Monday, with shares of private sector banks in focus after strong quarterly results.

The benchmark S&P BSE Sensex was up 403 points, or 0.6 percent, at 74,133 in early trade, while the broader NSE Nifty index was up 89 points, or 0.4 percent, at 22,508.

Other Asian markets traded mostly higher, though overall gains remained capped amid caution ahead of the highly anticipated Federal Reserve's policy meeting scheduled for April 30 to May 1.

Maruti Suzuki India, SBI Life, IndusInd Bank and Divis Laboratories rose 1-2 percent while Apollo Hospitals Enterprise plunged 5.7 percent after PE firm Advent International agreed to invest 24.75 billion rupees (nearly $297 million) in its unit Apollo HealthCo.

HCL Technologies lost 4.7 percent on weak FY25 guidance.

ICICI Bank advanced 1.7 percent after reporting a 17 percent increase in Q4 profit and higher spending on information technology and cybersecurity.

Yes Bank jumped more than 6 percent on reporting a 123 percent jump in Q4 net profit.

RBL Bank was marginally higher on positing 30 percent growth in quarterly net profit. Glenmark Pharma rose half a percent after it received the U.S. FDA approval for Acetaminophen and Ibuprofen tablets.

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Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | il y a 3h 22min
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
RTTNews | il y a 4h 38min
U.S. Homebuilder Confidence Holds Steady In September

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Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
RTTNews | il y a 5h 6min
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U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.
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U.S. Import Prices Unexpectedly Increase In August

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.
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Canadian Market Drifts Lower In Cautious Trade

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.
RTTNews | il y a 6h 5min
U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
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