Sensex, Nifty End Modestly Higher As Pharma Stocks Jump

RTTNews | 754 hari yang lalu
Sensex, Nifty End Modestly Higher As Pharma Stocks Jump

(RTTNews) - Indian shares eked out modest gains on Monday despite weak cues from Asia and Europe. A cautious undertone prevailed as the dollar gained traction and Treasury yields edged up ahead of key inflation readings from the U.S. and China due this week.

Closer home, the Reserve Bank of India's MPC meeting begins tomorrow and concludes on August 10.

The benchmark S&P/BSE Sensex rose 232.23 points, or 0.35 percent, to 65,953.48, with pharma and auto stocks pacing the gainers.

The broader NSE Nifty index settled 80.30 points, or 0.41 percent, higher at 19,597.30.

LTIMindTree, Sun Pharma, SBI Life, Mahindra & Mahindra and Divis Laboratories jumped 2-5 percent in the Nifty pack, while Britannia Industries fell 2.7 percent after Q1FY24 results missed Street estimates.

Tata Motors, SBI and Bajaj Auto all fell around 1 percent.

The rupee consolidated in a narrow range today after Friday's U.S. jobs report proved to be a mixed bag.

While payrolls fell more than expected in July, a surprise dip in unemployment and strong wage growth indicated that the labor market remains tight.

Oil prices fell about 1 percent after reaching four-month highs last week on signs of tight supply. Gold traded lower in European trade on dollar strength.

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 | 17j 22min yang lalu
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 | 20j 12min yang lalu
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 | 20j 41min yang lalu
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 | 23j 44min yang lalu
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 | 1 hari yang lalu