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Sensex, Nifty Rally On Global Cues; IT And Financials Lead Gainers

RTTNews | 957天前

Sensex, Nifty Rally On Global Cues; IT And Financials Lead Gainers

(RTTNews) - Indian shares rose sharply on Friday, mirroring positive global cues amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months.

Encouraging earnings updates from IT firms Infosys and MindTree coupled with reports suggesting that the British government will announce a U-turn on elements of its 43-billion-pound package of unfunded tax cuts that sparked turmoil in financial markets over the past few weeks also buoyed sentiment.

The benchmark S&P BSE Sensex hit an intraday high of 58,435.12 before closing at 57,919.97, up 684.64 points, or 1.20 percent, from its previous close.

The broader NSE Nifty index gained 171.35 points, or 1.01 percent, to settle at 17,185.70.

ICICI Bank, HCL Technologies, HDFC, HDFC Bank and Infosys climbed 2-4 percent in the Nifty pack while Adani Enterprises, Bajaj Auto, Mahindra & Mahindra, JSW Steel and ONGC dropped 1-2 percent.

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Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.

RTTNews | 33分鐘前

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.

RTTNews | 4小時1分鐘前

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.

RTTNews | 4小時13分鐘前

FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.

RTTNews | 5小時2分鐘前

German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.

RTTNews | 5小時7分鐘前

CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.

RTTNews | 6小時16分鐘前

Sensex, Nifty End Lower; ITC Falls Over 3% After BAT's Stake Sale

Sensex, Nifty End Lower; ITC Falls Over 3% After BAT's Stake Sale

Indian shares ended modestly lower on Wednesday, extending losses for a second straight session in the wake of fund outflows due to large block deals and increased primary market activity.

RTTNews | 6小時26分鐘前

DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.

RTTNews | 6小時43分鐘前

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