Sensex, Nifty Rally On Dovish Fed; IT Stocks Top Gainers

RTTNews | 669 दिनों पहले
Sensex, Nifty Rally On Dovish Fed; IT Stocks Top Gainers

(RTTNews) - Indian shares opened on a strong note Thursday and the rupee rebounded sharply after the U.S. Federal Reserve's "dot plot" revealed expectations of a 75-basis point decrease in rates by 2024.

The benchmark S&P BSE Sensex was up 749 points, or 1.1 percent, in early trade, with banks and tech stocks leading the surge.

The broader NSE Nifty index jumped 205 points, or 1 percent, to 21,132.

IT stocks were seeing broad-based gains after the 10-year U.S. Treasury yield dropped to the lowest level since August on the Fed's dovish stance.

Infosys, Wipro, LTIMindTree, HCL Technologies and Tech Mahindra surged 3-4 percent.

Top banks SBI, HDFC Bank, ICICI Bank and Axis Bank all rose around 1 percent.

Shares of Indian Railway Catering & Tourism Corporation rose 1.4 percent after the company said it was eyeing a major expansion in non-railway catering business.

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European Economic News Preview: Germany Wholesale Price Data Due

European Economic News Preview: Germany Wholesale Price Data Due

Wholesale price data from Germany is the only major report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Germany's statistical office Destatis releases wholesale prices for September. Economists expect wholesale prices to rise 0.2 percent on a monthly basis, in contrast to the 0.6 percent fall in August.
RTTNews | 1घंटे 9 मिनट पहले
Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were moving lower on Monday, tracking weak cues from global markets as signs of escalation of the trade war between U.S. and China sapped investors' appetite for riskier assets.
RTTNews | 1घंटे 44 मिनट पहले
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | 2घंटे 36 मिनट पहले
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology.
RTTNews | 3घंटे 11 मिनट पहले
Sensex, Nifty Seen Opening Lower After Wall Street Rout

Sensex, Nifty Seen Opening Lower After Wall Street Rout

Indian shares look set to open lower on Monday as investors fret about an escalation of the trade war between U.S. and China and the potential impact on the global economy.
RTTNews | 3घंटे 36 मिनट पहले
Indonesia Shares Likely To Open Under Water On Monday

Indonesia Shares Likely To Open Under Water On Monday

The Indonesia stock market has moved higher in two straight sessions, collecting more than 90 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just beneath the 8,260-point plateau although it's overdue for profit taking on Monday.
RTTNews | 4घंटे 42 मिनट पहले
Hong Kong Shares Tipped To Open Under Pressure On Monday

Hong Kong Shares Tipped To Open Under Pressure On Monday

The Hong Kong stock market had moved lower in five straight sessions, shedding almost 1,000 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 26,290-point plateau and it may extend its slide on Monday.
RTTNews | 4घंटे 57 मिनट पहले