Indian Shares Rally Ahead Of Powell's Speech

RTTNews | 1056 days ago
Stocktwits
Indian Shares Rally Ahead Of Powell's Speech

(RTTNews) - Indian shares rallied on Friday, mirroring firm cues from global markets as investors awaited Federal Reserve Chairman Jerome Powell's speech later today at the Jackson Hole economic conference for hints on inflation and rate outlook.

The benchmark S&P/BSE Sensex jumped 520 points, or 0.9 percent, to 59,294 in early trade, while the broader NSE Nifty index was up 147 points, or 0.8 percent, at 17,669.

JSW Steel, Tech Mahindra, Mahindra & Mahindra, Titan Company and Coal India climbed 2-3 percent in the Nifty pack, while Bharti Airtel and Eicher Motors fell around 1 percent each.

TCS rose over 1 percent on reports that it is asking employees to return to office from November.

Torrent Pharma gained nearly 2 percent on news it is acquiring Curatio Healthcare.

Indian Oil Corporation rose about 1 percent after it announced plans to invest Rs 2 lakh crore to achieve net-zero operational carbon emissions by 2046.

Stocktwits
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European Shares Inch Higher On Trade Deal Hopes

European Shares Inch Higher On Trade Deal Hopes

European stocks inched higher on Thursday, haling a four-day losing streak on optimism over a potential trade deal between the United States and the European Union.
RTTNews | 25 minutes ago
European Economics News Preview: UK Unemployment Data Due

European Economics News Preview: UK Unemployment Data Due

Unemployment from the UK and final inflation from the euro area are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.6 percent in May.
RTTNews | 3h 58min ago
European Shares Seen Opening Up In Cautious Trade

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European stocks are seen opening a tad higher on Thursday as concerns about Federal Reserve Chair Jerome Powell's potential ousting eased and China reaffirmed that it is normalizing ties with the European Union ahead of a China-EU leaders' summit slated for later this month.
RTTNews | 3h 58min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing some of the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in financial stocks and a mixed performance in all other sectors.
RTTNews | 6h 5min ago
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