Sensex, Nifty Extend Rally For Sixth Session

RTTNews | il y a 962
Sensex, Nifty Extend Rally For Sixth Session

(RTTNews) - Indian shares extended their rally for a sixth straight session to hit fresh record highs Tuesday on the back of firm global cues and a weakening dollar in overseas markets.

China reported a slight dip in new COVID-19 infections and also stepped-up support for the country's property sector, boosting investor sentiment.

Financial markets are also excited about some sort of reopening in China, apparently to quell public anger against COVID-19 curbs.

The benchmark S&P BSE Sensex hit a record high of 62,887.40 before paring some gains to end the session up 177.04 points, or 0.28 percent, at 62,681.84.

The broader NSE Nifty index settled 55.30 points, or 0.30 percent higher at 18,618.05, after having hit a record high of 18,678.10 earlier in the session.

FMCG stocks led the surge, with Hindustan Unilever climbing 4.4 percent on hopes for improved demand in rural markets in the near/medium term.

Dabur surged 6.5 percent, Britannia Industries added 1.5 percent and Marico advanced 3.1 percent.

Sun Pharma, Hero MotoCorp, Cipla and JSW Steel all rose around 2 percent while Bajaj FinServ, Coal India and IndusInd Bank fell over 1 percent each.

read more
U.S. Consumer Sentiment Reaches Five-Month High In July

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
RTTNews | il y a 2h 13min
U.S. Housing Starts Rebound More Than Expected In June

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
RTTNews | il y a 3h 12min
FTSE 100 Up Marginally

FTSE 100 Up Marginally

The U.K. stock market is up marginally Friday afternoon with investors mostly making cautious moves, reacting to corporate news. Mining and energy stocks are gaining some ground in positive territory, while bank stocks are a bit weak.
RTTNews | il y a 4h 25min
Euro Rises As European Shares Advance

Euro Rises As European Shares Advance

The European currencies strengthened against other major currencies in the European session on Friday after European stock markets traded higher, as robust U.S. economic data and encouraging tech earnings helped ease tariff-related concerns for now.
RTTNews | il y a 5h 0min
CAC Pares Early Gains, Up Slightly In Cautious Trade

CAC Pares Early Gains, Up Slightly In Cautious Trade

After a positive start, French stocks pared most of their gains on Friday with investors focusing on corporate earnings updates and regional economic data, in addition to tracking the developments on the trade front.
RTTNews | il y a 5h 2min
Euro Rises Against Majors

Euro Rises Against Majors

The European currencies strengthened against other major currencies in the European session on Friday.
RTTNews | il y a 5h 27min