Sensex, Nifty Extending Gains On Positive Global Cues, Strong Earnings

RTTNews | 1120日前

(RTTNews) - The Indian market remains fairly well placed in positive territory Friday morning, led by strong gains in technology, automobile and metal stocks.

A positive lead from Wall Street where stocks rebounded from early weakness to close on a firm note amid rising speculation that the Fed will slowdown the pace of its interest rate hikes, and a slew of encouraging earnings updates set up a positive start for Indian stocks this morning.

Investors are also reacting to earnings announcements from Indian companies.

The benchmark BSE Sensex, which climbed to 57,531.75, gaining nearly 675 points in the process, has pared some gains and is up 542.54 points or 0.95 percent at 57,400.33.

The National Stock Exchange's Nifty index is up 171.90 points or 1.02 percent at 17,101.50, about 40 points off a high of 17,141.75 it touched earlier this morning.

TVS Motor is gaining 5.7 percent on strong earnings. The companh reported consolidated profit of Rs 296.75 crore for the April-June quarter, as against a loss of Rs 14.72 crore in the year-ago quarter.

Ashok Leyland is up 4.3 percent, Mahindra & Mahindra, Bajaj Auto, Eicher Motors, HeroMotocorp and Tata Motors are gaining 1 to 1.7 percent.

Technology stocks Tech Mahindra and Infosys are gaining 2.3 percent and 2.1 percent, respectively. Mphasis, L&T Infotech, MindTree, Wipro, HCL Technologies and Tata Consultancy Services aer also up sharply.

Tata Steel, the top gainer in the Metal index, is soaring more than 7 percent, a day after turning ex-stock split in the ratio of 1:10. As per the stock-split announcement, shareholders of the company received 10 shares for each share they were holding in their account as of June 28.

Vedanta is gaining about 4 percent. Vedanta reported a marginal 4.6% rise in its consolidated net profit at Rs 4,421 crore in the April-June quarter.

Jindal Steel, SAIL, Hindalco, NMDC, JSW Steel, Hindustan Copper, Ratnamani Metals and National Aluminium are up 2 to 4.3 percent.

Dr Reddy's Laboratories Ltd. has reported a 108 percent (YoY) jump in consolidated profit at Rs 1,187.60 crore for the quarter ended June 2022. Despite the whopping surge in earnings, the pharma major's shares are down more than 3 percent this morning.

Bajaj Finserv, NTPC, Titan Industries, Bharti Airtel, Bajaj Finance, Asian Paints and HDFC are up 1.3 to 3 percent.

Sun Pharmaceuticals Industries is declining 1.4 percent. State Bank of India, ITC and Hindustan Unilever are modestly lower.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 54分前

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.

RTTNews | 1時18分前

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 1時44分前

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.

RTTNews | 2時12分前

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 2時35分前

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.

RTTNews | 6時45分前

TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 10時21分前

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 10時43分前

EURUSD	1.15886	GBPUSD	1.34001	AUDUSD	0.64225
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