Sensex, Nifty Rally As Yields Dip On Weak US Data

RTTNews | 573 days ago
Sensex, Nifty Rally As Yields Dip On Weak US Data

(RTTNews) - Indian shares opened on a strong note Friday as signs of a cooling U.S. economy pressured bond yields and bolstered expectations of potential rate cuts by the Federal Reserve.

Investors also cheered Modi government's interim budget that outlined plans to narrow the fiscal deficit in fiscal 2025.

The benchmark S&P BSE Sensex soared 780 points, or 1.1 percent, to 72,415 in early trade while the broader NSE Nifty index was up 245 points, or 1.1 percent, at 21,942.

Adani Ports jumped nearly 5 percent after Q3 earnings beat estimates.

Dr Reddy's Laboratories rose about 1 percent to extend gains from the previous session after reporting better-than-expected December quarter results.

TCS advanced 1.7 percent on reports it has linked promotions and variable payouts to compliance with the return-to-office mandate.

Voltas added half a percent after reporting mixed Q3 results.

Policybazaar parent firm PB Fintech declined 0.7 percent after Singaporean investment fund Temasek Holdings offloaded its entire stake in the company for Rs. 2,425 crores through open market transactions.

Coromandel International gained 0.6 percent after its board approved a plan to set up a phosphoric acid plant at its Kakinada unit.

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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 | 13 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 28 minutes 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 11min 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 19min 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 | 1h 28min 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 | 1h 36min 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 | 1h 58min ago