Indian Shares Follow Global Peers Higher

RTTNews | 1035 days ago
Indian Shares Follow Global Peers Higher

(RTTNews) - Indian shares followed global peers higher on Friday as U.S. Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to tame inflation.

The benchmark S&P/BSE Sensex rose nearly 300 points, or half a percent, to 59,984 in early trade, while the broader NSE Nifty index was up 92 points, or half a percent, at 17,891.

Among the top gainers, Adani Ports, Hindalco, Shree Cement, UPL and IndusInd Bank rallied 2-3 percent.

Mahindra & Mahindra was little changed after unveiling its first electric sports utility vehicle -- XUV 400.

Vodafone Idea gained 1.7 percent on reports that the government will acquire a stake in the debt-ridden telecom company after the stock price stabilizes at Rs.10 or above.

HDFC Bank edged up slightly after raising Rs 3,000 crore from bonds.

Tata Power rose half a percent. Tata Power Renewable Energy said it would set up a 100 MW solar power plant for Viraj Profile in Maharashtra.

Reliance Power slumped 6 percent after its board cleared a proposal to issue up to 60 crore equity shares and/or warrants at an issue price of Rs 15.55 per share.

NTPC rose over 1 percent on reports it has signed a pact with the armed forces to supply renewable energy power.

read more
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 38 minutes ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 40 minutes ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 1h 49min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 2h 24min ago
DAX Modestly Up After Hitting Fresh Record High

DAX Modestly Up After Hitting Fresh Record High

German stocks are up in positive territory on Thursday, extending gains from the previous three sessions, as investors continue to focus on US-EU trade negotiations. Data showing a drop in Germany's consumer price inflation in the month of June is aiding sentiment.
RTTNews | 2h 44min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 3h 39min ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 4h 12min ago