Sensex, Nifty End Modestly Higher On Firm Global Cues

RTTNews | 499天前
Sensex, Nifty End Modestly Higher On Firm Global Cues

(RTTNews) - Indian shares eked out modest gains on Friday as positive global cues offset concerns surrounding rising oil prices and nervousness around the outcome of the Lok Sabha elections.

Global sentiment was upbeat as fresh signs of an easing U.S. labor market helped keep hopes of Fed interest rate cuts alive.

New measures to support the ailing property market in China, Bank of England's dovish rate decision on Thursday and better-than-expected U.K. GDP growth data released earlier today also boosted investor's appetite for riskier assets.

The benchmark S&P BSE Sensex ended the session up 260.30 points, or 0.36 percent, at 72,664.47 after succumbing to heavy selling pressure in the previous session.

The broader NSE Nifty index closed up 97.70 points, or 0.44 percent, at 22,055.20.

BPCL surged 4.5 percent to top the gainers list after the state-run oil marketing company announced a 1:1 bonus issue.

Among other prominent gainers, Eicher Motors, Hero MotoCorp, NTPC and Power GridCorp all rose over 2 percent.

On the flip side, IT stocks such as Infosys, LTIMindTree and TCS fell 1-2 percent.

Drug maker Cipla lost 1.4 percent and private sector lender Kotak Mahindra Bank gave up 1.2 percent.

read more
Singapore Shares Overdue For Support On Monday

Singapore Shares Overdue For Support On Monday

The Singapore stock market has finished lower in six straight sessions, slumping more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just above the 4,300-point plateau although it's expected to open to the upside on Monday.
RTTNews | 30分鐘前
Malaysia Stock Market May Reclaim 1,600-Point Level

Malaysia Stock Market May Reclaim 1,600-Point Level

The Malaysia stock market has moved lower in two straight sessions, slipping almost 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau although it's likely to bounce higher on Monday.
RTTNews | 1小時0分鐘前
Japan Shares Likely To Remain Rangebound On Monday

Japan Shares Likely To Remain Rangebound On Monday

The Japanese stock market has moved lower in two of three trading days since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,050-point plateau and it may see mild upside on Monday.
RTTNews | 1小時15分鐘前
Tech Shares May Lift South Korea Stock Market

Tech Shares May Lift South Korea Stock Market

The South Korea stock market has finished lower in two of three days since ending the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. The KOSPI sits just above the 3,440-point plateau and it may tick higher again on Monday.
RTTNews | 1小時30分鐘前
Hong Kong Inflation Data Due On Monday

Hong Kong Inflation Data Due On Monday

Hong Kong will on Monday release August figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 2小時30分鐘前
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | 2天前