Sensex, Nifty Open On Positive Note As Yields Slip On Rate-cut Optimism
(RTTNews) - Indian shares opened on a positive note Thursday as U.S. Treasury yields slipped on optimism for a Federal Reserve rate cut in June.
Overall gains remained modest as investors awaited key U.S. inflation data and Federal Reserve commentary for signals on the rate path.
The benchmark S&P BSE Sensex jumped 355 points, or half a percent, to 73,351 in early trade, while the broader NSE Nifty index was up 102 points, or half a percent, at 22,226.
Dr Reddy's Laboratories rose about 1 percent as it entered a distribution partnership with Sanofi Healthcare India Private to promote and distribute the latter's vaccine brands in India.
UltraTech Cement gained 1 percent after it agreed to buy 26 percent equity of O2 Renewable Energy.
SBI climbed 1.2 percent after hiking annual maintenance charges for debit cards. NHPC added 1 percent on fund raising reports.
Bharat Heavy Electricals rallied 2.4 percent on bagging an order worth Rs. 4,000 crores from Adani Power.
REC jumped 2 percent after its board approved a market borrowing plan of Rs. 1.6 lakh crore for the fiscal year 2025.
Texmaco Rail & Engineering rose 1.2 percent after raising Rs. 250 crores via a QIP issue.
Sensex, Nifty Close On Firm Note Again
FTSE 100 Remains Steady ; ABF Tanks On Sales Warning
CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns
Asian Markets Close Higher
U.S. Dollar Rises Against Majors
DAX Slips After Positive Start
Antipodean Currencies Rise Amid Risk-on Mood
