Sensex Surges 468 Points; Nifty Tops 18,400

RTTNews | 880 days ago
Sensex Surges 468 Points; Nifty Tops 18,400

(RTTNews) - Indian shares ended Monday's session firmly in positive territory, snapping a two-day losing streak.

While FMCG and auto stocks led the surge, IT stocks ended on a downbeat note after global giant Accenture Plc on Friday warned about a possible pullback in client spending going ahead.

The benchmark S&P BSE Sensex jumped 468.38 points, or 0.76 percent, to 61,806.19 while the broader NSE Nifty index settled 151.45 points, or 0.83 percent, higher at 18,420.45.

Adani Ports and Adani Enterprises surged 3-4 percent to top the gainers list.

Automakers Mahindra & Mahindra and Eicher Motors both rallied around 3 percent.

The rupee traded higher at 82.69 as the dollar index weakened in overseas markets on bets that the U.S. Federal Reserve is close to halting its rate hike cycle.

Oil prices rose around 1 percent in European trade on optimism over demand recovery due to China's easing of COVID curbs.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 1 day ago
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | 1 day ago
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | 1 day ago
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | 1 day ago
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | 1 day ago
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | 1 day ago
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | 1 day ago