Sensex, Nifty Slightly Higher In Early Trade; Metal Stocks Gain

RTTNews | 903 days ago
Stocktwits
Sensex, Nifty Slightly Higher In Early Trade; Metal Stocks Gain

(RTTNews) - Indian shares opened a tad higher on Wednesday despite weak global cues.

The benchmark S&P BSE Sensex edged up 108 points, or 0.2 percent, to 60,763 in early trade, while the broader NSE Nifty index was up 38 points, or 0.2 percent, at 18,090.

Among the prominent gainers, Grasim, SBI Life, UPL, Hindalco and Tata Steel climbed 1-2 percent.

ITC rose about half a percent on news it would acquire Yoga Bar to strengthen presence in nutrition health foods space.

Adani Enterprises was moving lower as it signed an agreement to launch a pilot project to develop hydrogen-powered trucks.

ONGC rose over 1 percent after oil prices settled at over two-week high on Tuesday on expectations of a jump in Chinese fuel demand.

IndusInd Bank was marginally lower ahead of its earnings release.

ICICI Lombard General Insurance Company slumped 4 percent despite reporting 11 percent rise in Q3 net profit.

Stocktwits
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U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
RTTNews | 29 minutes ago
Fed Minutes Reveal Mixed Views About Outlook For Interest Rates

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RTTNews | 2h 2min ago
U.S. Wholesale Inventories Dip In Line With Estimates In May

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A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
RTTNews | 6h 8min ago
Bay Street May Open On Positive Note

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RTTNews | 7h 30min ago
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 8h 25min ago
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 8h 26min ago
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.
RTTNews | 8h 43min ago
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