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Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

RTTNews | 856 hari yang lalu

Sensex Surges 847 Points On Firm Global Cues; Nifty Tops 18,100

(RTTNews) - Indian shares posted strong gains on Monday, mirroring firm cues from global markets as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes in coming months.

Investor sentiment was also underpinned after China reopened its borders for the first time in three years as part of its new policy on COVID-19.

The benchmark S&P BSE Sensex ended the session up 846.94 points, or 1.41 percent, at 60,747.31, while the broader NSE Nifty index settled 241.75 points, or 1.35 percent, higher at 18,101.20.

IT stocks topped the gainers list, with TCS climbing more than 3 percent ahead of its earnings release later in the day.

Rival HCL Technologies also added around 3 percent while IndusInd Bank, SBI Life and Mahindra & Mahindra jumped 3-4 percent. Among the prominent decliners, Titan Company lost 1.90 percent after issuing an update for the third quarter of FY 2022-23. Bajaj FinServ dropped 1.3 percent to extend last week's losses.

The rupee rose by the most in two months against the dollar, while oil prices jumped more than 3 percent in European trade on optimism about demand recovery in China.

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Pound Falls Against U.S. Dollar, Euro

Pound Falls Against U.S. Dollar, Euro

The pound dropped against the U.S. dollar and the euro in the New York session on Wednesday.

RTTNews | 30 minit yang lalu

E.ON Confirms Outlook After Higher Q1 Adj. Earnings

E.ON Confirms Outlook After Higher Q1 Adj. Earnings

German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.

RTTNews | 5j 46min yang lalu

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Wednesday.

RTTNews | 8j 9min yang lalu

FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.

RTTNews | 8j 45min yang lalu

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.

RTTNews | 9j 5min yang lalu

Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.

RTTNews | 9j 10min yang lalu

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings

German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.

RTTNews | 9j 28min yang lalu

European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.

RTTNews | 10j 20min yang lalu

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