Sensex, Nifty See Modest Gains On First Trading Day Of The Year

RTTNews | 933 days ago
Sensex, Nifty See Modest Gains On First Trading Day Of The Year

(RTTNews) - Indian shares ended Monday's range-bound session modestly higher after the release of auto sales and manufacturing data.

While automakers reported a mixed set of sales figures for December, survey results from S&P Global showed that India's manufacturing output hit a 13-month high in December as business conditions improved to the greatest extend in over two years.

The survey revealed that Indian manufacturers were optimistic about output expectations in the year ahead amid hopes of buoyant demand and fruitful advertising.

There were no major global triggers as most Asian and European markets were closed for New Year holidays.

China reported disappointing manufacturing and service sector data for December, while another survey showed the intensity of the eurozone manufacturing sector downturn eased in the final month of 2022.

Closer home, the benchmark S&P BSE Sensex ended the session up 327.05 points, or 0.54 percent, at 61,167.79 while the broader NSE Nifty index settled 92.1 points, or 0.51 percent, at 18,197.45.

Both Sensex and Nifty rose over 4 percent in 2022 despite a challenging global macro environment.

Metal stocks topped the gainers list today, with Hindalco, Tata Steel and SAIL rallying 3-8 percent, after China announced it would raise export duty on metals.

NMDC jumped 2.4 percent after raising prices of iron ore products. Automaker Tata Motors gained 1.8 percent and private sector lender ICICI Bank added 1.4 percent.

On the flip side, Hero MotoCorp, Bajaj Auto, Asian Paints, Titan Company and Divis Laboratories all fell around 1 percent.

read more
DAX Up Nearly 1% On Trade Deal Hopes; Auto Stocks Rally

DAX Up Nearly 1% On Trade Deal Hopes; Auto Stocks Rally

German stocks are up on Wednesday, rebounding from recent losses, as prospects of a trade agreement between the U.S. and EU increased after U.S. President Donald Trump announced trade deals with Japan and Philippines.
RTTNews | 21 minutes ago
Asian Shares Climb As Trade Tensions Ease

Asian Shares Climb As Trade Tensions Ease

Asian stocks closed mostly higher on Wednesday after U.S. President Donald Trump announced trade agreements with Japan and the Philippines, easing concerns about the tariff war.
RTTNews | 1h 41min ago
Yen Falls Amid Japan Political Uncertainty

Yen Falls Amid Japan Political Uncertainty

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as additional uncertainty increased as a result of media reports that Japanese Prime Minister Shigeru Ishiba may step down as early as this month.
RTTNews | 4h 35min ago
European Shares Seen Opening Up As Trade War Worries Ease

European Shares Seen Opening Up As Trade War Worries Ease

European stocks look set to open on a buoyant note Wednesday after U.S. President Donald Trump announced trade deals with Japan & Philippines, sparking hopes for broader progress on international trade.
RTTNews | 4h 38min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 4h 52min ago
Commodity Currencies Advance Amid Improving Market Sentiment

Commodity Currencies Advance Amid Improving Market Sentiment

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Wednesday amid improving risk sentiment, following global trade developments as markets await potential trade deals between the U.S. and its partners ahead of the August 1 deadline.
RTTNews | 5h 7min ago