Sensex, Nifty Jump Around 2% As Fed Worries Ebb

RTTNews | 1120 दिनों पहले
Sensex, Nifty Jump Around 2% As Fed Worries Ebb

(RTTNews) - Indian shares rallied on Thursday after the U.S. Federal Reserve announced a 75-bps rate hike, as widely expected, and indicated that it may be appropriate to slow the pace of increases going forward amid concerns over a possible recession.

The benchmark S&P BSE Sensex soared 1,041.47 points, or 1.87 percent, to 56,857.79 while the broader NSE Nifty index closed up 287.80 points, or 1.73 percent, at 16,929.60.

Bajaj Finance surged 10.5 percent after reporting its highest-ever consolidated quarterly net profit for the June quarter.

Bajaj FinServ soared a little over 10 percent after its board approved 1:1 bonus issue and a stock split in the ration of 1:5.

Tata Steel rallied 4.4 percent as shares turned ex-date for a 1:10 stock split. Banks like SBI and Kotak Mahindra Bank rose around 4 percent each. On the flip side, Shree Cement led losses to close 3 percent lower while Bharti Airtel and UltraTech both fell around 1 percent.

Tata Motors ended little changed with a negative bias after widening its quarterly net loss.

SpiceJet shares tumbled 3.5 percent. Following multiple snags, the budget airline has been ordered by the aviation regulator to operate only 50 percent of its flights for eight weeks.

read more
CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.
RTTNews | 23 मिनटों पहले
Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.
RTTNews | 27 मिनटों पहले
DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.
RTTNews | 40 मिनटों पहले
Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 56 मिनटों पहले
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 1घंटे 59 मिनट पहले
European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
RTTNews | 2घंटे 7 मिनट पहले
Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.
RTTNews | 2घंटे 18 मिनट पहले
Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.
RTTNews | 2घंटे 38 मिनट पहले