Sensex, Nifty Gain As Metal Stocks Rally On US Soft Landing Hopes

RTTNews | 723 hari yang lalu
Sensex, Nifty Gain As Metal Stocks Rally On US Soft Landing Hopes

(RTTNews) - Indian shares opened higher on Monday as another solid month of U.S. job creation boosted hopes that the world's largest economy is heading for a so-called soft landing. The benchmark S&P BSE Sensex was up 115 points, or 0.2 percent, at 65,502 in early trade, while the broader NSE Nifty index was up 52 points, or 0.3 percent, at 19,487. Metal stocks such as Coal India, Tata Steel and Hindalco climbed 3-4 percent.

IRFC shares were up nearly 19 percent and Jio Financials surged about 4 percent.

Biocon rose about 1 percent after it acquired Eywa Pharma's U.S.-based manufacturing facility for $7.7 mn.

ITC was little changed on reports that it would invest Rs. 1,500 crore to set up food and packing facilities in Madhya Pradesh.

IDFC First Bank jumped 2.1 percent after GQG Partners Emerging Markets Equity Fund, GQG Partners International Opportunities Fund bought a 2.6 percent stake in the lender through block deals on Friday.

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European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
RTTNews | 17 minit yang lalu
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | 1j 7min yang lalu
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.
RTTNews | 1j 10min yang lalu
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | 2j 37min yang lalu
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | 2j 55min yang lalu
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 3j 7min yang lalu
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 3j 13min yang lalu
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | 3j 22min yang lalu