Sensex, Nifty Follow Global Peers Higher; IT Stocks Take Lead As Tariff Worries Ease

RTTNews | 25 days ago
Sensex, Nifty Follow Global Peers Higher; IT Stocks Take Lead As Tariff Worries Ease

(RTTNews) - Indian shares rose notably on Wednesday due to easing trade tensions and U.S. President Donald Trump's softer stance towards the Fed chairman.

Auto, pharma and IT stocks were at the forefront of the gains after both U.S. Treasury Secretary Scott Bessent and President Trump said that the tariff standoff with China cannot be sustained by both sides and there will be de-escalation.

Additionally, Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active in terms of his idea to lower interest rates but have no intention to fire him.

His comments helped calm investor fears over the Fed's independence and the possible threat to U.S. monetary and fiscal credibility.

The benchmark S&P/BSE Sensex surged 520.90 points, or 0.65 percent, to 80,116.49, reclaiming the psychological 80,000 mark for the first time in over three months.

The broader NSE Nifty index closed at 24,328.95, up 161.70 points, or 0.67 percent, from its previous close.

The BSE mid-cap and small-cap indexes rose 0.9 percent and 0.3 percent, respectively. The market breadth was positive on the BSE, with 2,089 shares rising while 1,866 shares declined and 151 shares closed unchanged.

HCL Technologies soared 7.7 percent after delivering robust Q4 earnings and issuing positive guidance.

Peers TCS, Infosys and Tech Mahindra jumped 3-5 percent.

Among other prominent gainers, Sun Pharma, Mahindra & Mahindra and Tata Motors climbed 2-4 percent.

read more
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 1h 4min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 1h 20min ago
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 1h 51min ago
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 2h 32min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
RTTNews | 2h 56min ago
Win Streak May Continue For Indonesia Stock Market

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.
RTTNews | 3h 2min ago
Hong Kong Bourse May Find Traction On Monday

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.
RTTNews | 3h 17min ago
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, technology and financial stocks partially offset by gains in gold miners.
RTTNews | 3h 26min ago