Sensex, Nifty Edge Higher Led By IT Stocks

RTTNews | 491 일 전
Sensex, Nifty Edge Higher Led By IT Stocks

(RTTNews) - Indian shares eked out modest gains in early trade on Thursday as soft inflation data boosted hopes that the U.S. Federal Reserve will deliver at least two interest rate cuts in 2024.

The benchmark S&P BSE Sensex was up 208 points, or 0.3 percent, at 73,195 while the broader NSE Nifty index was up 67 points, or 0.3 percent, at 22,268.

IT stocks were seeing broad-based gains, with LTIMindTree, HCL Technologies, Tech Mahindra and Infosys all rising around 2 percent.

Mahindra & Mahindra rose 1 percent ahead of its earnings release.

SpiceJet rallied 2.4 percent after the Delhi High Court ordered the airline to return two leased Boeing aircraft and their engines to lessor TWC Aviation Capital over unpaid dues.

Bharti Airtel climbed 1.8 percent after its CEO Gopal Vittal emphasized the need for 'substantial tariff repair' across the industry.

Titagarh Rail Systems soared 7.4 percent as it reported a 64 percent year-on-year increase in net profit in Q4FY24.

Power Finance Corp added 2.3 percent on reporting a 25 percent increase in FY24 net profit.

TVS Motor Company gained 1 percent after entering the Italian market.

Jindal Stainless tumbled nearly 3 percent after it earmarked Rs 4,700 crore capex for the current fiscal.

Colgate-Palmolive India was marginally lower on reports it plans to launch products from its global portfolio of personal and home care brands over the next couple of quarters.

read more
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | 12 분 전
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | 3 시간 7 분 전
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | 3 시간 51 분 전
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 5 시간 36 분 전
Sensex, Nifty End Lower On Profit Taking

Sensex, Nifty End Lower On Profit Taking

Indian shares ended lower on Friday, with key benchmark indexes Sensex and Nifty snapping a three-day winning streak that was supported by GST reforms, encouraging progress in India-U.S. trade discussions and the Federal Reserve's first rate cut of the year.
RTTNews | 5 시간 55 분 전
DAX Pares Early Gains, Down Marginally

DAX Pares Early Gains, Down Marginally

German stocks pared early gains and are down in negative territory a little past noon on Friday with investors looking to take some profits after previous session's sharp upmove.
RTTNews | 6 시간 2 분 전