Sensex, Nifty Climb On Strong Global Cues; Cipla And ICICI Bank Top Gainers

RTTNews | 578 days ago
Sensex, Nifty Climb On Strong Global Cues; Cipla And ICICI Bank Top Gainers

(RTTNews) - Indian shares opened on a buoyant note Tuesday, tracking strong cues from global markets.

The benchmark S&P BSE Sensex was up 515 points, or 0.7 percent, at 71,939 in early trade, while the broader NSE Nifty index was up 154 points, or 0.7 percent, at 21,725.

Cipla soared 6.5 percent on posting 32 percent growth in profit for Q3 FY24.

Power Grid Corp, Bharti Airtel and Sun Pharma climbed 2-3 percent.

Paytm added 1 percent after narrowing its Q3 loss.

Tata Steel rose 0.6 percent after its board approved allotment of 8.65 crore shares to the eligible shareholders of Tinplate Company.

Reliance Industries and Kotak Mahindra both edged up slightly, and ICICI Bank jumped 3.3 percent, while Hindustan Unilever fell 1.3 percent and Colgate Palmolive shed 0.6 percent after declaring their quarterly earnings results.

Zee Entertainment Enterprises plunged 10 percent after a merger deal with the Sony Group collapsed.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | 8h 36min ago
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 14h 7min ago
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 16h 15min ago
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 20h 38min ago
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | 20h 42min ago
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | 20h 59min ago