Sensex, Nifty Rally On Tariff Relief

RTTNews | 113 일 전
Sensex, Nifty Rally On Tariff Relief

(RTTNews) - Indian shares opened Friday's session on a buoyant note after U.S. President Donald Trump abruptly announced a 90-day pause on new "reciprocal tariffs" on most countries, including India to allow rooms for negotiations.

The benchmark S&P/BSE Sensex was up 1,410 points, or 1.9 percent, at 75,257 in early trade while the broader NSE Nifty index was up 45 points, or 2.1 percent, at 22,865.

Tata Motors surged over 4 percent after JLR India reported its best-ever annual retail sales in the previous financial year.

Sun Pharmaceuticals rose nearly 3 percent. The U.S. Court of Appeals for the Federal Circuit has vacated the preliminary injunction against the launch of LEQSELVI™ (deuruxolitinib) in the United States.

Larsen & Toubro, HCL Technologies, Adani Ports and Tata Steel surged 3-5 percent. Tata Consultancy Services edged up slightly post its Q4 results.

Anand Rathi Wealth climbed nearly 2 percent on reporting a 30 percent rise in its Q4 net profit.

Avanti Feeds soared 7.5 percent as Trump paused reciprocal tariffs for 90 days.

Hindustan Copper jumped 3 percent after resuming ore production at Kolihan copper mine of Khetri copper complex, Khetrinagar, Rajasthan.

read more
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | 16 시간 39 분 전
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 22 시간 44 분 전
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 22 시간 48 분 전
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 22 시간 50 분 전
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 23 시간 37 분 전