Sensex Soars 535 Points; Nifty At 16,780

RTTNews | 1129 days ago
Sensex Soars 535 Points; Nifty At 16,780

(RTTNews) - Indian shares rose sharply on Thursday, mirroring positive global cues on the back of better-than-expected results from mega-cap tech companies and Fed Chair Jerome Powell's comments that he doesn't believe the U.S. is in a recession.

The benchmark S&P BSE Sensex climbed 535 points, or 1 percent, to 56,350 in early trade, while the broader NSE Nifty index was up 0.8 percent at 16,780.

IT stocks such as Infosys, TCS, Wipro, HCL Technologies and Tech Mahindra jumped 1-2 percent after the Nasdaq Composite logged its biggest single-day gain since April 2020 overnight.

Bajaj Finance soared 8 percent after reporting its highest-ever consolidated quarterly net profit for the June quarter.

Tata Motors fell 2.5 percent after widening its quarterly net loss.

GAIL fell about 1 percent after its board approved a 1:2 bonus issue.

SpiceJet shares plunged almost 7 percent. Following multiple snags, the budget airline has been ordered by the aviation regulator to operate only 50 percent of its flights for eight weeks.

Multiplex operator PVR rose 0.6 percent after raising ticket prices.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 16h 43min ago
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 19h 33min ago
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 20h 1min ago
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 23h 5min ago
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 23h 48min ago