Advertisement
Sensex, Nifty Follow Wall Street Higher; Metal Stocks Surge
(RTTNews) - Indian shares opened higher on Friday after Wall Street stocks surged overnight on optimism that the Federal Reserve will not follow through with more rate hikes.
The benchmark S&P/BSE Sensex was up 290 points, or half a percent, at 63,207 in early trade, while the broader NSE Nifty index was up 83 points, or 0.4 percent, at 18,771.
Among the top gainers, JSW Steel, Adani Enterprises, UPL, Hindalco and Dr Reddy's Laboratories jumped 1-3 percent.
Reliance Industries rose about 1 percent. Morgan Stanley said refining and chemicals margins are expanding for the company in a well-supplied oil market.
Hero MotoCorp was down 0.6 percent to extend steep losses from the session on reports the Ministry of Corporate Affairs has ordered a probe against the company in a fund diversion case.
ONGC edged up slightly after signing a mega pact with Indian Oil Corporation to explore downstream opportunities.
BHEL rallied 1.8 percent after signing a pact with Volvo Eicher Commercial Vehicles RITES rose 1.3 percent on bagging a contract from Zimbabwe Railways.
Ramkrishna Forgings jumped 3.7 percent and Titagarh Wagons climbed 2.5 percent. A consortium of the company has won an order worth Rs 12,226.5 crore from the Indian Railways to manufacture and supply 15.4 lakh forged wheels over 20 years.
read more
Australian Market Notably Higher
The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.
RTTNews
|
14 minutes ago
Hong Kong Stock Market Tipped To Open In The Green
The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
20 minutes ago
China Stock Market May Add To Its Winnings
The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
35 minutes ago
Tech Shares May Give Taiwan Stocks A Lift
The Taiwan stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,610-point plateau although it's expected to bounce higher again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
1h 5min ago
Singapore Bourse Due For Consolidation On Tuesday
The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
1h 35min ago
Mild Support Expected For Malaysia Stock Market
The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
2h 5min ago
Japan Stock Market Poised To Snap Losing Streak
The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers.
For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02.
Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.
RTTNews
|
2h 20min ago
Additional Upside Seen For South Korea Stock Market
The South Korea stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had rallied more than 130 points or 4.1 percent. Now at a four-year closing high, the KOSPI sits just above the 3,200-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
RTTNews
|
2h 35min ago
