Indian Shares Rally Ahead Of Powell's Speech

RTTNews | 1057 days ago
Indian Shares Rally Ahead Of Powell's Speech

(RTTNews) - Indian shares rallied on Friday, mirroring firm cues from global markets as investors awaited Federal Reserve Chairman Jerome Powell's speech later today at the Jackson Hole economic conference for hints on inflation and rate outlook.

The benchmark S&P/BSE Sensex jumped 520 points, or 0.9 percent, to 59,294 in early trade, while the broader NSE Nifty index was up 147 points, or 0.8 percent, at 17,669.

JSW Steel, Tech Mahindra, Mahindra & Mahindra, Titan Company and Coal India climbed 2-3 percent in the Nifty pack, while Bharti Airtel and Eicher Motors fell around 1 percent each.

TCS rose over 1 percent on reports that it is asking employees to return to office from November.

Torrent Pharma gained nearly 2 percent on news it is acquiring Curatio Healthcare.

Indian Oil Corporation rose about 1 percent after it announced plans to invest Rs 2 lakh crore to achieve net-zero operational carbon emissions by 2046.

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,700 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 17 minutes ago
Additional Support Expected For China Stock Market

Additional Support Expected For China Stock Market

The China stock market on Thursday ended the two-day slide in which it had dropped more than 15 point or 0.4 percent. The Shanghai Composite Index now sits just above the 3,515-point plateau and it's tipped to extend its gains on Friday.
RTTNews | 20 minutes ago
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

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RTTNews | 50 minutes ago
Overbought Singapore Market Nonetheless Called Higher On Friday

Overbought Singapore Market Nonetheless Called Higher On Friday

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RTTNews | 1h 20min ago
Higher Open Predicted For Malaysia Stock Market

Higher Open Predicted For Malaysia Stock Market

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RTTNews | 1h 50min ago
Japan Bourse May Add To Thursday's Gains

Japan Bourse May Add To Thursday's Gains

The Japanese stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had dropped more than 360 points or 0.9 percent. The Nikkei 225 now sits just above the 39,900-point plateau and it may see additional support on Friday.
RTTNews | 2h 5min ago
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

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RTTNews | 2h 20min ago
Malaysia GDP Data Due On Friday

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Malaysia will on Friday release preliminary Q2 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the first quarter, GDP was up 4.4 percent on year.
RTTNews | 3h 20min ago