Sensex, Nifty Scale Fresh Record Highs

RTTNews | 680 days ago
Sensex, Nifty Scale Fresh Record Highs

(RTTNews) - Indian shares eked out modest gains on Tuesday as investors digested mixed comments from Federal Reserve officials and awaited a slew of key U.S. data this week for fresh insight on the Federal Reserve's rate path.

The dollar was little changed and oil prices retreated on easing supply concerns, helping underpin sentiment.

Traders kept a wary eye on the evolving COVID situation in the country amid rise in new virus cases in Kerala and other states.

Benchmark indexes Nifty and Sensex hit fresh record highs of 21,505.05 and 71,623.71, respectively, in intraday trade before giving up some gains to end modestly higher for the day.

The 30-share BSE Sensex ended the session up 122.10 points, or 0.17 percent, at 71,437.19 while the broader NSE Nifty index settled 34.45 points, or 0.16 percent, higher at 21,453.10.

Coal India soared 6.1 percent and Nestle India rallied 4.7 percent while Cipla, Tata Consumer Products and NTPC all rose about 2 percent.

On the downside, TCS, UPL, Adani Enterprises, Wipro and Adani Ports fell 1-2 percent.

read more
U.S. Pending Home Sales Unexpectedly Unchanged In September

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
RTTNews | 2h 9min ago
Bank Of Canada Cuts Interest Rates By Another Quarter Point

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
RTTNews | 2h 11min ago
FTSE 100 Advances As Miners, Pharma Stocks Rally

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
RTTNews | 4h 26min ago
Pound Slides Amid UK Fiscal Concerns

Pound Slides Amid UK Fiscal Concerns

The British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.
RTTNews | 4h 56min ago
CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

French stocks are mostly subdued Wednesday morning with investors largely refraining from making significant moves while awaiting the Federal Reserve's monetary policy announcement later in the day, and looking ahead to the European Central Bank's rate decision and the meeting of U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.
RTTNews | 5h 17min ago
DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

DAX Moves In Tight Range; Earnings, Fed Policy Announcement In Focus

German stocks are turning in a mixed performance on Wednesday with investors mostly reacting to corporate earnings announcements and awaiting the Federal Reserve's interest rate decision due later in the day. The European Central Bank is scheduled to announce its monetary policy on Thursday.
RTTNews | 6h 17min ago