Sensex, Nifty End Modestly Higher Ahead Of FOMC Minutes

RTTNews | 27 days ago
Sensex, Nifty End Modestly Higher Ahead Of FOMC Minutes

(RTTNews) - Indian shares eked out modest gains on Wednesday, with IT, realty and FMCG stocks leading the charge.

Global cues were mixed as investors waited for cues from AI chip leader Nvidia's earnings and the release of minutes of the Federal Reserve's recent meeting.

Following recent hawkish comments from several Federal Reserve officials, the minutes may shed additional light on the officials' thinking with regard to the outlook for rates.

Oil prices fell over 1 percent in European trade on demand concerns, helping underpin investor sentiment to some extent.

The benchmark S&P BSE Sensex ended the session up 267.75 points, or 0.36 percent, at 74,221.06 while the broader NSE Nifty index rose 68.75 points, or 0.31 percent, to 22,597.80.

Reliance Industries, Coal India, Hindustan Unilever, Tata Consumer Products and Cipla rallied 2-3 percent in the Nifty pack while Hero MotoCorp, Hindalco, Apollo Hospitals Enterprise and Shriram Finance all fell over 1 percent.

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U.S. Business Inventories Increase In Line With Estimates In April

U.S. Business Inventories Increase In Line With Estimates In April

A report released by the Commerce Department on Tuesday showed business inventories in the U.S. increased in line with economist estimates in the month of April. The Commerce Department said business inventories rose by 0.3 percent in April after edging down by 0.1 percent in March. Economists had expected business inventories to climb by 0.3 percent.
RTTNews | 4h 50min ago
U.S. Industrial Production Jumps Much More Than Expected In May

U.S. Industrial Production Jumps Much More Than Expected In May

Industrial production in the U.S. increased by much more than expected in the month of May, the Federal Reserve revealed in a report released by on Tuesday. The Fed said industrial production jumped by 0.9 percent in May after coming in unchanged in April. Economists had expected industrial production to rise by 0.3 percent.
RTTNews | 5h 24min ago
U.S. Retail Sales Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Retail Sales Inch Up 0.1% In May, Slightly Less Than Expected

Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month.
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Ligand Says Merck Receives FDA Approval For CAPVAXIVE For Adults

Ligand Says Merck Receives FDA Approval For CAPVAXIVE For Adults

Ligand Pharmaceuticals Inc. (LGND) announced Tuesday that its collaborator Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, has received approval from the U.S. Food and Drug Administration (FDA) for CAPVAXIVE, previously known as V116, a 21-valent pneumococcal conjugate vaccine for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in the adult population.
RTTNews | 6h 46min ago