Sensex, Nifty End Modestly Higher On Trade Deal Hopes

RTTNews | 85 dias atrás
Sensex, Nifty End Modestly Higher On Trade Deal Hopes

(RTTNews) - Indian shares eked out modest gains on Monday, with underlying sentiment supported by easing global trade tensions and continued foreign inflows.

U.S. President Donald Trump has hinted at possible trade agreements with nations as early as this week, raising optimism surrounding the U.S.-India trade deal.

Investors also cheered a sharp fall in crude prices in international markets after OPEC+ announced increased production, raising concerns about a potential supply glut.

The benchmark 30-share BSE Sensex ended the session up 294.85 points, or 0.37 percent, at 80,796.84 while the broader NSE Nifty index closed at 24,461.15, up 114.45 points, or 0.47 percent, from its previous close.

The BSE mid-cap and small-cap indexes jumped 1.5 percent and 1.2 percent, respectively.

The market breadth was strong on the BSE, with 2,566 shares rising while 1,458 shares declined and 178 shares ended unchanged.

Among the top gainers, Adani Ports soared 6.3 percent and Bajaj FinServ rallied 3.8 percent.

ITC, Power Grid Corp, Eternal and Mahindra & Mahindra rose 2-3 percent.

Indraprastha Gas shares soared almost 7 percent after the company increased CNG prices.

Apollo Micro Systems climbed 7.2 percent as it acquired IDL Explosives Ltd. for Rs. 107 crores in an all-cash deal.

read more
French GDP Growth Beats Expectations

French GDP Growth Beats Expectations

The French economy logged a faster-than-expected growth in the second quarter on recovering household spending, official data showed Wednesday. Gross domestic product grew 0.3 percent from a quarter ago, the statistical office INSEE showed on Wednesday. The economy was expected to grow at a steady pace of 0.1 percent in the second quarter.
RTTNews | 43 minutos atrás
Singapore Central Bank Maintains Monetary Policy

Singapore Central Bank Maintains Monetary Policy

Singapore central bank maintained its monetary policy on Wednesday after easing twice this year, as there are risks to growth from renewed trade conflicts and geopolitical shocks. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
RTTNews | 1 h 48 min atrás
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 2 h 15 min atrás
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Flash quarterly national accounts from the euro area and other major economies of the currency bloc are due on Wednesday, headlining a busy day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes GDP and consumer spending data. The economy is forecast to grow 0.1 percent sequentially, the same rate of growth as seen in the first quarter.
RTTNews | 3 h 1 min atrás
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,750 level, despite the broadly negative cues from Wall Street overnight, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | 4 h 14 min atrás
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders remain cautious and seemed reluctant to make significant moves as they watch developments on the tariff front as the deadline of August 1 set by the US President Donald Trump nears. They also look ahead to the US Fed's monetary policy announcement later in the day.
RTTNews | 4 h 35 min atrás