Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

RTTNews | 505 दिनों पहले
Sensex, Nifty Marginally Higher In Early Trade; FMCG Stocks Rally

(RTTNews) - Indian shares were marginally higher on Tuesday amid optimism that the U.S. Federal Reserve may start cutting interest rates later this year.

The benchmark S&P BSE Sensex was up 18 points at 73,913 in early trade, with the upside capped by signs of escalating tensions in the Middle East. The broader NSE Nifty index was up 14 points at 22,456.

State-run oil marketing firm HPCL rallied 2.7 percent ahead of a board meet on Thursday to consider a bonus issue. Peer BPCL added 1.6 percent.

FMCG stocks traded higher, with Britannia Industries and HUL climbing 2-3 percent. Godrej Consumer Products soared 5.2 percent after posting strong Q4 results.

IIFL Finance surged 6.6 percent despite reports that it is facing liquidity crunch due to curbs on sanctioning, disbursing and selling gold loans.

Dr Reddy's Laboratories rose 0.6 percent while JSW Energy fell 2.2 percent ahead of their earnings results due today.

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U.S. Mortgage Applications Growth Slows

U.S. Mortgage Applications Growth Slows

U.S. mortgage applications grew at a modest pace in the week ended September 19 following a surge in the previous week, survey data from the Mortgage Bankers Association showed on Wednesday.
RTTNews | 1घंटे 44 मिनट पहले
U.S. New Home Sales Unexpectedly Skyrocket To Three-Year High In August

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Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Modestly higher futures point to a slightly positive start for the Canadian market on Wednesday. However, uncertainty about further interest rate cuts by the Fed this year, and worries about valuations may render the mood cautious and limit market's upside.
RTTNews | 3घंटे 58 मिनट पहले
U.S. Dollar Extends Rise Amid Fed Chair Powell Comments

U.S. Dollar Extends Rise Amid Fed Chair Powell Comments

The U.S. dollar continued to be strong against other major currencies in the European session on Wednesday, weighed down by Federal Reserve Chairman Jerome Powell's comments that equity prices are fairly highly valued by many measures.
RTTNews | 4घंटे 15 मिनट पहले
FTSE 100 Modestly Lower In Cautious Trade

FTSE 100 Modestly Lower In Cautious Trade

U.K. stocks are turning in a mixed performance in cautious trade on Wednesday. Uncertainty about Fed interest rate outlook, and on comments from Fed Chair Jerome Powell's warning that equity valuations are stretched.
RTTNews | 4घंटे 36 मिनट पहले
CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty

CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty

French stocks are showing some weakness on Wednesday amid apprehensions about the outlook for Fed rate cuts, and Fed Chair Jerome Powell's comments that equity valuations are high.
RTTNews | 5घंटे 16 मिनट पहले
Sensex, Nifty Extend Declines For Fourth Day

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Indian shares ended lower for a fourth day running on Wednesday, with trade-related concerns, rising oil prices and continued selling by foreign investors keeping investors on edge.
RTTNews | 5घंटे 50 मिनट पहले