Sensex, Nifty Open Higher Ahead Of Union Budget

RTTNews | 825 days ago
Sensex, Nifty Open Higher Ahead Of Union Budget

(RTTNews) - Indian shares opened on a positive note Wednesday ahead of the Union Budget presentation and the Federal Reserve meeting.

The benchmark S&P/BSE Sensex rose 303 points, or half a percent, to 59,852 in early trade, while the broader NSE Nifty index was up 90 points, or half a percent, at 17,753.

Among the top gainers, JSW Steel, Divis Laboratories, Hindalco, ICICI Bank and Britannia Industries rallied 1-2 percent.

Indian Hotels soared 4 percent after its quarterly profit soared more than 400 percent.

Reliance Industries gained half a percent. Its FMCG arm Reliance Consumer Products has entered into a partnership with Sri Lanka's Maligan Biscuit to help it bite into the biscuits market.

Vodafone Idea edged down slightly after its board approved the issue of optionally convertible debentures of up to Rs 1,600 crore to vendor American Tower Corporation.

Adani Enterprises declined 1.6 percent. Its FPO got fully subscribed on the final day of bidding Tuesday, aided by a last-minute surge in demand.

Coal India was marginally higher on positing a 69 percent jump in Q3 net profit. Indian Oil Corporation was down 0.6 percent after its third-quarter net profit declined 92 percent due to under recoveries from sale of domestic LPG.

read more
Asian Shares Mixed In Thin Holiday Trade

Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed in thin holiday trade on Tuesday as investors watched the latest developments in trade negotiations and awaited further policy action from Beijing to boost consumption.
RTTNews | 54 minutes ago
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey data from the euro area is the top economic news due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial production for March. Economists forecast output to grow at a slower pace of 0.4 percent month-on-month, following February's 0.7 percent increase.
RTTNews | 3h 36min ago
China Service Sector Growth Softens In April

China Service Sector Growth Softens In April

China's service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers' Index fell to 50.7 in April from 51.9 in March. The reading was forecast to drop moderately to 51.7.
RTTNews | 4h 23min ago
Sensex, Nifty Marginally Lower In Early Trade

Sensex, Nifty Marginally Lower In Early Trade

Indian shares struggled for direction on Tuesday as tensions between India and Pakistan simmered and media reports suggested that India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S.
RTTNews | 5h 34min ago
Australian Market Slightly Higher In Mid-market After Early Losses

Australian Market Slightly Higher In Mid-market After Early Losses

The Australian stock market is slightly higher in mid-market trading on Tuesday after early losses, reversing some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with strong gains in gold miners nearly offset by weakness in iron ore miners, financial and some technology stocks.
RTTNews | 5h 50min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, amid easing global trade concerns after US Treasury Secretary Scott Bessent said 17 trading partners, excluding China, have presented very good trade proposals and some deals may be announced as early as this week. He added there could be substantial progress on trade with China.
RTTNews | 6h 35min ago