Sensex, Nifty Open Higher Despite Muted Global Cues

RTTNews | 703 days ago
Sensex, Nifty Open Higher Despite Muted Global Cues

(RTTNews) - Indian shares opened on a firm note Monday despite muted cues from global markets. The benchmark S&P BSE Sensex was up 193 points, or 0.3 percent, at 66,792 in early trade while the broader NSE Nifty index was up 67 points, or 0.3 percent, at 19,886.

Balrampur Chini jumped 2.8 percent on news it is expecting 20 percent higher revenues in FY24.

SJVN soared 7.2 percent after it signed a pact with Bhakra Beas Management Board (BBMB) to set up an 18 megawatt (MW) solar power project at an investment of Rs. 90 crore.

Reliance Industries rose about half a percent, TCS gained 1 percent and Tata Communications rallied 2.3 percent after U.S. chipmaker Nvidia Corp announced separate partnerships to develop AI infrastructure in India.

Adani Enterprises climbed 1.4 percent and Adani Ports jumped 2.6 percent after promoter firm increased its stake in two of the group's listed companies.

VRL Logistics rose over 1 percent after promoter divested a 4 percent stake in the transport and logistics company for Rs. 238 crore through an open market transaction.

Coffee Day Enterprises plunged 15 percent after IDBI Trusteeship filed an insolvency plea against the company over a loan default.

read more
U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 30 minutes ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews | 1h 3min ago
UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 1h 44min ago
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 Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews | 2h 15min ago
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 2h 18min ago
Pound Rises On Upbeat U.K. GDP Data

Pound Rises On Upbeat U.K. GDP Data

The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
RTTNews | 3h 48min ago