Sensex, Nifty Close On Firm Note Again

RTTNews | 6घंटे 56 मिनट पहले

(RTTNews) - Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.

The positive mood was also due to the prospects of further negotiations between the U.S. and India to address tariff issues. US President Donald Trump has expressed confidence in concluding discussions with Indian Prime Minister Narendra Modi, who underscored the strategic importance of the India-US partnership.

The BSE benchmark Sensex, which climbed to 81,643.88 early on in the session, closed with a gain of 323.83 points or 0.4% at 81,425.15. The National Stock Exchange's Nifty50, which advanced to 25,035.70, settled at 24,973.10, gaining 104.50 points or 0.42%.

Technology stocks were in demand once again. The Nifty IT index surged 2.63%, with several key stocks in the sector posting strong gains. Infosys, Tech Mahindra and TCS gained 1.8 to 2%.

Oracle Financial soared more than 10.5% after the parent company Oracle Corp shares zoomed nearly 30% in after-hours trading after the company issued an ambitious outlook for its cloud business.

Persistent Systems, Coforge, Mphasis, Wipro, HCL Technologies, LTMindTree gained 2.3 to 5.5%.

PSU bank stocks were the other star performers. Realty stocks were in demand too, while automobile stocks were weak.

Bank of India, Union Bank of India, Indian Bank, Maharashtra Bank, PSB and Canara Bank climbed 2.5 to 4.3%. PNB, UCO Bank, IOB, State Bank of India, Central Bank of India and Bank of Baroda also posted strong gains.

Sobha, Brigade Enterprises, AnantRaj, Raymond and Godrej Properties were among the prominent gainers in the realty sector.

Automobile stocks M&M, TVS Motor, Baja Auto, Maruti Suzuki, HeroMotocorp, Eicher Motors, Tata Motors and Ashok Leyland close with sharp to moderate losses.

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

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U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 3घंटे 43 मिनट पहले

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 4घंटे 5 मिनट पहले

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 5घंटे 24 मिनट पहले

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 5घंटे 33 मिनट पहले

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 6घंटे 7 मिनट पहले

FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.

RTTNews | 7घंटे 23 मिनट पहले

CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns

After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory. The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.

RTTNews | 7घंटे 46 मिनट पहले

EURUSD	1.17057	GBPUSD	1.35334	AUDUSD	0.66224
USDJPY	147.335	USDCAD	1.38631	USDCHF	0.79906