Sensex, Nifty Rally As US Inflation Meets Expectations

RTTNews | 546 days ago
Sensex, Nifty Rally As US Inflation Meets Expectations

(RTTNews) - Indian shares traded sharply higher on Friday after the Federal Reserve's preferred inflation gauge met consensus forecasts, helping ease concerns surrounding interest-rate cuts. Strong Q3 GDP data also boosted investor sentiment.

The benchmark S&P BSE Sensex was up 675 points, or 0.9 percent, at 73,175 in early trade while the broader NSE Nifty index was up 208 points, or 1 percent, at 22,191.

Adani Enterprises was little changed after divesting entire stake in subsidiary Vizag Tech Park, to Adani Infrastructure and Developers, for Rs 150.81 crore.

Godrej Industries rallied 1.6 percent after increasing its stake in subsidiary Godrej Capital.

Welspun Enterprises jumped 4 percent on receiving a Letter of Acceptance for a project worth Rs 4,123.8 crore from Brihanmumbai Municipal Corporation.

One 97 Communications climbed more than 3 percent as Softbank cut its stake in the company to under 3 percent.

Zomato hit a record high before paring gains to trade 1 percent higher at Rs. 166.90 on the BSE.

CG Power soared 7 percent on news it would invest Rs 7,600 crore to set up a semiconductor unit in Gujarat in partnership with Renesas Electronics Corp.

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Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 22 minutes ago
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 1h 28min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 1h 46min ago
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | 1h 58min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 2h 7min ago
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | 2h 13min ago
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
RTTNews | 2h 28min ago