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.
U.S. Dollar Falls Against Majors
TSX Modestly Higher As Financials, Mining Stocks Move Up
Swiss Market Settles Weak
European Stocks Close Lower On Political Concerns, Tariff Worries
U.S. Consumer Confidence Index Edges Lower In August
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
Bay Street May Open On Weak Note
