Sensex Surges 468 Points; Nifty Tops 18,400

RTTNews | 878 days ago
Sensex Surges 468 Points; Nifty Tops 18,400

(RTTNews) - Indian shares ended Monday's session firmly in positive territory, snapping a two-day losing streak.

While FMCG and auto stocks led the surge, IT stocks ended on a downbeat note after global giant Accenture Plc on Friday warned about a possible pullback in client spending going ahead.

The benchmark S&P BSE Sensex jumped 468.38 points, or 0.76 percent, to 61,806.19 while the broader NSE Nifty index settled 151.45 points, or 0.83 percent, higher at 18,420.45.

Adani Ports and Adani Enterprises surged 3-4 percent to top the gainers list.

Automakers Mahindra & Mahindra and Eicher Motors both rallied around 3 percent.

The rupee traded higher at 82.69 as the dollar index weakened in overseas markets on bets that the U.S. Federal Reserve is close to halting its rate hike cycle.

Oil prices rose around 1 percent in European trade on optimism over demand recovery due to China's easing of COVID curbs.

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U.S. Industrial Production Unexpectedly Flat In April

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RTTNews | 20 minutes ago
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Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

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The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in unchanged in the week ended May 10th The report said initial jobless claims came in at 229,000 last week, unchanged from the previous week's revised level. Economists had expected jobless claims to tick up to 229,000 from the 228,000 originally reported for the previous week.
RTTNews | 1h 54min ago
U.S. Industrial Production Unexpectedly Unchanged In April

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With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April.
RTTNews | 2h 31min ago