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Sensex, Nifty Open Higher As Tariff Worries Ease
(RTTNews) - Indian shares were sharply higher in early trade on Tuesday and the rupee opened higher after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month, and said he'd hold further talks with China.
The benchmark S&P/BSE Sensex was up 720 points, or 0.9 percent, at 77,906 while the broader NSE Nifty index jumped 196 points, or 0.8 percent, to 23,557.
ONGC, Tata Motors, Larsen & Toubro, BEL and Hindalco surged 2-4 percent while Tata Group's retail arm Trent slumped nearly 5 percent, leading losses in the Nifty pack.
ITC Hotels, Nestle India, Britannia Industries and Hindustan Unilever all fell over 1 percent.
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UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
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29 minutes ago
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
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1h 8min ago
Russia Central Bank Cuts Rate By 100 Bps
Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
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1h 21min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Friday.
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1h 40min ago
FTSE 100 Modestly Higher As Miners Rise
The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices.
Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.
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2h 21min ago
CAC 40 Down Nearly 0.5%
French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.
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2h 39min ago
DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers
German stocks are down in negative territory on Friday in cautious trade amid concerns about a possible downgrade of France's sovereign rating. Optimism about an interest rate cut by the Federal Reserve next week helps limit market's downside.
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2h 55min ago
Sensex, Nifty End Higher On Trade Deal Hopes
Indian shares rose on Friday as rising jobless claims coupled with in-line U.S. consumer price inflation data spurred expectations for more Federal Reserve rate cuts.
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3h 11min ago
