Sensex, Nifty Follow Wall Street Higher; Metal Stocks Surge

RTTNews | 806 दिनों पहले
Sensex, Nifty Follow Wall Street Higher; Metal Stocks Surge

(RTTNews) - Indian shares opened higher on Friday after Wall Street stocks surged overnight on optimism that the Federal Reserve will not follow through with more rate hikes.

The benchmark S&P/BSE Sensex was up 290 points, or half a percent, at 63,207 in early trade, while the broader NSE Nifty index was up 83 points, or 0.4 percent, at 18,771.

Among the top gainers, JSW Steel, Adani Enterprises, UPL, Hindalco and Dr Reddy's Laboratories jumped 1-3 percent.

Reliance Industries rose about 1 percent. Morgan Stanley said refining and chemicals margins are expanding for the company in a well-supplied oil market.

Hero MotoCorp was down 0.6 percent to extend steep losses from the session on reports the Ministry of Corporate Affairs has ordered a probe against the company in a fund diversion case.

ONGC edged up slightly after signing a mega pact with Indian Oil Corporation to explore downstream opportunities.

BHEL rallied 1.8 percent after signing a pact with Volvo Eicher Commercial Vehicles RITES rose 1.3 percent on bagging a contract from Zimbabwe Railways.

Ramkrishna Forgings jumped 3.7 percent and Titagarh Wagons climbed 2.5 percent. A consortium of the company has won an order worth Rs 12,226.5 crore from the Indian Railways to manufacture and supply 15.4 lakh forged wheels over 20 years.

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U.S. Dollar Falls Against Most Majors

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.
RTTNews | 3घंटे 17 मिनट पहले
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Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 4घंटे 37 मिनट पहले
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 7घंटे 26 मिनट पहले
European Stocks Close Lower On Geopolitical Tensions

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European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 7घंटे 55 मिनट पहले
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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
RTTNews | 10घंटे 40 मिनट पहले
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 10घंटे 58 मिनट पहले
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 11घंटे 42 मिनट पहले