Sensex, Nifty Extend Record Rally; IT Stocks Top Gainers

RTTNews | 1071 days ago
Sensex, Nifty Extend Record Rally; IT Stocks Top Gainers

(RTTNews) - Indian shares opened on a positive note Thursday, mirroring firm cues from global markets as Fed Chair Jerome Powell's dovish remarks in a speech helped improve risk sentiment.

The benchmark S&P BSE Sensex rose 342 points, or half a percent, to 63,441, extending gains for an eighth consecutive session.

The broader NSE Nifty index was up 86 points, or half a percent, at 18,844.

IT stocks led the surge, tracking the Philadelphia Semiconductor index's 5.85 percent gain overnight.

Tata Consultancy Services jumped more than 2 percent after bagging a contract to design, develop, implement, and operate the U.K.'s Rail Data Marketplace.

Infosys, HCL Technologies, Tech Mahindra and Wipro rallied 2-3 percent.

Zomato gained 1 percent after Singapore state-owned investment company Tamesak bought a stake in the company via bulk deals.

Apollo Hospitals Enterprise was little changed on fund raising reports.

NMDC gained 1.2 percent after hiking iron ore prices by Rs 300 per ton.

Manali Petrochemicals added 1 percent after it acquired U.K.-based Penn Globe for an enterprise value of GBP 21 million.

KPI Green Energy declined 1.5 percent after the announcement of a 1:1 bonus issue.

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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy.
RTTNews | 1h 5min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is sharply higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up almost 2 percent to above the 50,900 level, with gains across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | 1h 29min ago
Thai Stock Market May Reclaim 1,300-Point Plateau

Thai Stock Market May Reclaim 1,300-Point Plateau

The Thai stock market has moved lower in five straight sessions, slumping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau although it's expected to open to the upside on Thursday.
RTTNews | 2h 0min ago
Additional Support Anticipated For Indonesia Shares

Additional Support Anticipated For Indonesia Shares

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 8,320-point plateau and it may add to its winnings on Thursday.
RTTNews | 2h 30min ago
Hong Kong Bourse May Halt Its Slide On Thursday

Hong Kong Bourse May Halt Its Slide On Thursday

The Hong Kong stock market has moved lower in consecutive trading days, sinking more than 220 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 25,930-point plateau although it may find traction on Thursday.
RTTNews | 2h 45min ago
China Shares May Extend Wednesday's Gains

China Shares May Extend Wednesday's Gains

The China stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just beneath the 3,970-point plateau and it may tick higher again on Thursday.
RTTNews | 3h 0min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.
RTTNews | 3h 6min ago