Sensex Ends 249 Points Higher After Late Rally; Nifty Gains 74 Points

RTTNews | 978 days ago
Stocktwits
Sensex Ends 249 Points Higher After Late Rally; Nifty Gains 74 Points

(RTTNews) - Indian shares recovered from an early slide to end modestly higher on Tuesday, with gains in rupee and falling oil prices offering some support.

Global cues were mixed as weak Chinese data offset hopes the Federal Reserve would soon slow its interest-rate hikes.

Investors shrugged off data that showed a decline in merchandise exports in some sectors led to a contraction in India's overall outbound shipments by 16.65 percent in October.

The benchmark S&P/BSE Sensex ended the session up 248.84 points, or 0.40 percent, at 61,872.99 while the broader NSE Nifty index rose 74.25 points, or 0.41 percent, to close at 18,403.40.

Hero MotoCorp, Bharti Airtel, ICICI Bank, ONGC and Power Grid Corp all climbed around 2 percent in the Nifty pack, while HDFC Life and Grasim both fell around 1 percent. NDTV shares soared 5 percent after market regulator SEBI paved the way for billionaire Gautam Adani to take control of the media firm.

Greaves Cotton advanced 2.7 percent after the diversified engineering firm posted its highest quarterly revenue in Q2 FY23.

Debutant Fusion MicroFinance ended down over 12 percent discount to its issue price.

Stocktwits
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Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Monday, with earnings and trade developments likely to be in focus.
RTTNews | 36 minutes ago
Asian Shares Mostly Higher In Cautious Trade

Asian Shares Mostly Higher In Cautious Trade

Asian stocks were mostly higher on Monday as trade tensions persisted, China held key lending rates and Japan's ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power.
RTTNews | 52 minutes ago
Indonesia Bourse May See Profit Taking On Monday

Indonesia Bourse May See Profit Taking On Monday

The Indonesia stock market has moved higher in 10 straight sessions, gathering more than 440 points or 6.3 percent along the way. The Jakarta Composite Index now sits just above the 7,310-point plateau although it's overdue for consolidation on Monday.
RTTNews | 1h 44min ago
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market on Friday halted the two-day losing streak in which it had slipped more than 90 points or 0.3 percent. The Hang Seng Index now sits just above the 24,825-point plateau although it may be stuck in neutral on Monday.
RTTNews | 1h 59min ago
Little Movement Likely For China Stock Market

Little Movement Likely For China Stock Market

The China stock market has finished higher in consecutive trading days, collecting more than 30 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,535-point plateau and it's expected to hold steady at the mark on Monday.
RTTNews | 2h 14min ago
Rally May Stall For Taiwan Stock Market

Rally May Stall For Taiwan Stock Market

The Taiwan stock market has finished higher in four straight sessions, collecting almost 770 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,380-point plateau although it may spin its wheels on Monday.
RTTNews | 2h 44min ago
Singapore Shares Overdue For Consolidation

Singapore Shares Overdue For Consolidation

The Singapore stock market has moved higher in 10 straight sessions, improving more than 170 points or 4.3 percent along the way. The Straits Times Index now rests just beneath the 4,190-point plateau although it's likely to see profit taking on Monday.
RTTNews | 3h 14min ago
Malaysia Stock Market May Spin Its Wheels On Monday

Malaysia Stock Market May Spin Its Wheels On Monday

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although investors may cash in on Monday.
RTTNews | 3h 44min ago
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