Sensex, Nifty Join Global Rally; Adani Group Stocks Climb

RTTNews | 909 days ago
Sensex, Nifty Join Global Rally; Adani Group Stocks Climb

(RTTNews) - Indian shares opened on a strong note Friday, tracking firm global cues and BJP's strong performance in the assembly polls in the northeastern states of Tripura, Nagaland and Meghalaya.

The benchmark S&P/BSE Sensex jumped nearly 500 points, or 0.9 percent, to 59,407 in early trade, while the broader NSE Nifty index was up 155 points, or 0.9 percent, at 17,477.

Adani Group stocks remained in focus after the embattled group sold minority stakes in four of its listed companies to U.S.-based GQG Partners for Rs. 15,446 crore.

Adani Ports soared 7.2 percent, Adani Green Energy jumped 5 percent, Adani Transmission added 5 percent and Adani Enterprises climbed 8.6 percent.

Power Grid Corp, Reliance Industries and SBI jumped 1-3 percent.

Vedanta gained 1 percent while Hindustan Zinc traded 0.6 percent lower on reports the government has written to SEBI opposing the Hindustan Zinc-Vedanta deal.

Natco Pharma rallied over 3 percent on share buyback news.

Tata Power rose half a percent after entering into a partnership with Italy's Enel Group.

Indiabulls Housing Finance climbed nearly 2 percent after announcing a debt sale of Rs. 900 crore.

Yes Bank rose 0.7 percent despite reports that SBI may lower its stake in the bank after a lock-in period ends on March 6.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 46 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

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RTTNews | 1h 1min ago
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 1h 43min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 1h 51min ago
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2h 0min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2h 8min ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 2h 30min ago