Sensex, Nifty Climb As Inflation Worries Ebb

RTTNews | 1140 days ago
Sensex, Nifty Climb As Inflation Worries Ebb

(RTTNews) - Indian shares rose for a second straight session on Friday as traders pared down bets on where interest rates might peak.

The rate hike repricing sent 10-year U.S. Treasury yields to two-week lows while the dollar was on course for its first weekly decline this month on hopes that the recent decline in oil and other commodity prices will help reduce inflationary pressures.

The benchmark S&P BSE Sensex jumped 462.26 points, or 0.88 percent, to 52,727.98 while the broader NSE Nifty index settled at 15,699.25, up 142.60 points, or 0.92 percent, from its previous close.

Financials, FMCG and auto stocks topped the gainers list, with Hindustan Unilever, Bajaj Finance, IndusInd Bank, Hero MotoCorp and Mahindra & Mahindra rising 2-4 percent.

IT stocks underperformed, with Infosys and Tech Mahindra falling around 1 percent each.

read more
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | 16 minutes ago
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 1h 13min ago
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 2h 37min ago
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 2h 39min ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 2h 55min ago