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Sensex, Nifty Extend Gains; IT Stocks Surge

RTTNews | 157 dni temu

Sensex, Nifty Extend Gains; IT Stocks Surge

(RTTNews) - Indian shares opened higher on Tuesday to extend recent gains on hopes for relief on U.S. tariffs set to be announced next week.

The benchmark 30-share BSE Sensex jumped 480 points, or 0.6 percent, to 78,46 in early trade while the broader NSE index was up 132 points, or 0.6 percent, at 23,790.

Bajaj FinServ, TCS, Infosys and UltraTech rose 2-3 percent while IndusInd Bank and Zomato fell over 1 percent each.

Power Grid Corp rose about 1 percent after acquiring Banaskantha Transco Limited.

HCL Technologies rallied 2 percent after forming a strategic partnership with Western Union.

Hyundai Motor India shares fell 1.3 percent. The company has announced an investment of up to Rs. 694 crores for setting up and managing a Tooling Centre in India.

RVNL rose 1.2 percent as it emerged as the lowest bidder for a Central Railway project valued at Rs. 115.79 crore.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 13 minut temu

Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 32 minut temu

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 1g 15 minut temu

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 1g 45 minut temu

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 1g 57 minut temu

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 2g 13 minut temu

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 2g 51 minut temu

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2g 58 minut temu

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