Sensex Tops 64,350 On Rate Optimism; Nifty Ends At 19,230

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Sensex Tops 64,350 On Rate Optimism; Nifty Ends At 19,230

(RTTNews) - Indian shares eked out modest gains on Friday to extend Thursday's rally on optimism that major central banks including the Federal Reserve, Bank of England and the European Central Bank are nearly done with interest rate hikes.

The upside was capped after oil prices rose sharply on Thursday amid reports that Israeli troops encircled Gaza City and that a cease-fire wasn't on the table.

Investors also awaited cues from the U.S. jobs report due later in the day, expected to show a slowdown in hiring for October.

The benchmark S&P BSE Sensex ended the session up 282.88 points, or 0.44 percent, at 64,363.78, reflecting improved risk sentiment globally.

The broader NSE Nifty index settled 97.35 points, or 0.51 percent, higher at 19,230.60.

Apollo Hospitals Enterprise topped the gainers list to surge 5.3 percent while LTIMindTree, Titan Company, Eicher Motors and Adani Ports rallied 2-3 percent.

Bayer CropScience soared 6.5 percent after Q2 profit grew 37 percent to beat estimates.

Raymond gained 2.7 percent after it announced the acquisition of 59.25 percent stake in Maini Precision Products (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals.

Bajaj FinServ led losses to close 2.8 percent lower, followed by SBI Life, Dr Reddy's Laboratories, IndusInd Bank and Bajaj Finance.

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Canadian Market Slightly Higher In Cautious Trade

Canadian Market Slightly Higher In Cautious Trade

After a a weak start and a subsequent recovery, the Canadian market slipped into negative territory Tuesday morning, but edged higher again and was trading modestly higher about a couple of hours past noon. The early weakness was due to the uncertainty surrounding Trump's tariff moves, and downward revisions in Canadian and global growth forecast by the OECD.
RTTNews | 1घंटे 50 मिनट पहले
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market retreated after a positive start Tuesday morning, and after moving along the flat line till around mid afternoon, found some momentum and eventually ended the day's session modestly Expectations of a rate cut by the Swiss central bank contributed to market's upmove.
RTTNews | 2घंटे 12 मिनट पहले
European Stocks Recover From Early Weakness, Close Broadly Higher

European Stocks Recover From Early Weakness, Close Broadly Higher

European stocks closed higher on Tuesday despite lingering uncertainty about the Trump administration's tariff moves. Investors digested regional economic data, that included a report showing a drop in euro zone inflation, and looked ahead to some crucial reports from the U.S., including non-farm payroll data due later in the week.
RTTNews | 2घंटे 32 मिनट पहले
U.S. Job Openings Unexpectedly Increase In April

U.S. Job Openings Unexpectedly Increase In April

Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
RTTNews | 4घंटे 25 मिनट पहले
U.S. Factory Orders Pull Back Sharply In April

U.S. Factory Orders Pull Back Sharply In April

A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
RTTNews | 4घंटे 46 मिनट पहले
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
RTTNews | 6घंटे 5 मिनट पहले
Swiss Franc Falls Against Majors

Swiss Franc Falls Against Majors

The Swiss franc weakened against other major currencies in the New York session on Tuesday.
RTTNews | 6घंटे 19 मिनट पहले
Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs

Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs

The Dollar Index rebounded during the week ended May 30 amidst conflicting court rulings that debated the powers available to President Trump to enforce the reciprocal tariffs on trade partners.
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