Sensex Jumps 375 Points On Fed Pivot Hopes; Nifty Tops 17,750

RTTNews | 1034 일 전

(RTTNews) - Indian shares opened on a positive note Thursday as U.S. Treasury yields continued to retreat on expectations that the Federal Reserve will start pivoting soon.

A pivot could include a complete pause on interest rates or a gradual reduction on the size of rate hikes.

The benchmark S&P BSE Sensex jumped 375 points, or 0.6 percent, to 59,920 in early trade, while the broader NSE Nifty index was up 116 points, or 0.7 percent, at 17,773.

HDFC, Tata Steel, Hindalco, Titan Company and JSW Steel rallied 2-4 percent in the Nifty pack, while NTPC and Maruti Suzuki India both fell around 1 percent.

Dabur India advanced 1.4 percent after it announced the acquisition of a 51 percent stake in Badshah Masala Pvt Ltd, the owners of the Badshah Masala brand.

Zee Entertainment Enterprises gained 1.2 percent. Media group Zee and Sony have agreed to sell three Hindi channels to mitigate regulatory concerns arising out of their merger deal.

Glenmark Pharmaceuticals tumbled 3.6 percent after the U.S FDA put its manufacturing plant at Baddi under import alert.

Crompton Greaves Consumer Electricals dipped half a percent on reporting an 18 percent decline in quarterly profit.

Hero MotoCorp edged up slightly. The two-wheeler maker has unveiled plans to enter the Philippines for which it has partnered with Terrafirma Motors.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 44 분 전

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1 시간 57 분 전

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 2 시간 18 분 전

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2 시간 49 분 전

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3 시간 29 분 전

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3 시간 57 분 전

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3 시간 59 분 전

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 4 시간 14 분 전

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