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Sensex, Nifty Rise On Strong Earnings

RTTNews | 664 days ago

Sensex, Nifty Rise On Strong Earnings

(RTTNews) - Indian shares opened on a positive note Wednesday, with firm global cues and encouraging earnings updates from the likes of Tata Motors and Larsen & Toubro helping underpin investor sentiment.

The benchmark S&P BSE Sensex was up 388 points, or 0.6 percent, at 66,743 in early trade, while the broader NSE Nifty index was up 109 points, or 0.6 percent, at 19,789.

Tata Motors rallied 2.2 percent after it swung back into profit on improved JLR performance. Tata Motors DVR jumped more than 14 percent.

Larsen & Toubro soared over 4 percent as it announced a Rs. 10,000-crore share buyback at Rs. 3,000 per share.

ITC, Tata Consumer Products and Reliance Industries gained 1-2 percent.

Bajaj Finance and Axis Bank both edged up slightly ahead of their earnings results.

CEAT climbed 2.8 percent after reporting multi-fold jump in Q1 profit on higher demand and lower costs.

Can Fin Homes shares have plummeted 7.2 percent. The company said employees at its Ambala branch committed fraud to the tune of Rs 38.5 crore over a period of time.

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Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.

RTTNews | 31 minutes ago

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.

RTTNews | 1h 19min ago

European Stocks Recover After Weak Start, Close Broadly Higher

European Stocks Recover After Weak Start, Close Broadly Higher

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RTTNews | 1h 39min ago

TSX Extends Gains To 10th Straight Session, Hits New Record High

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Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.

RTTNews | 3h 10min ago

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

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Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.

RTTNews | 4h 10min ago

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.

RTTNews | 6h 40min ago

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.

RTTNews | 7h 6min ago

FTSE 100 Moderately Higher As Investors Focus On Earnings

FTSE 100 Moderately Higher As Investors Focus On Earnings

U.K. stocks are up in positive territory on Tuesday, extending gains to a fourth straight session. The focus largely on corporate earnings updates, and the developments on the trade front.

RTTNews | 7h 54min ago

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