Sensex, Nifty Rally On Dovish Fed; IT Stocks Top Gainers

RTTNews | 614 dni temu
Sensex, Nifty Rally On Dovish Fed; IT Stocks Top Gainers

(RTTNews) - Indian shares opened on a strong note Thursday and the rupee rebounded sharply after the U.S. Federal Reserve's "dot plot" revealed expectations of a 75-basis point decrease in rates by 2024.

The benchmark S&P BSE Sensex was up 749 points, or 1.1 percent, in early trade, with banks and tech stocks leading the surge.

The broader NSE Nifty index jumped 205 points, or 1 percent, to 21,132.

IT stocks were seeing broad-based gains after the 10-year U.S. Treasury yield dropped to the lowest level since August on the Fed's dovish stance.

Infosys, Wipro, LTIMindTree, HCL Technologies and Tech Mahindra surged 3-4 percent.

Top banks SBI, HDFC Bank, ICICI Bank and Axis Bank all rose around 1 percent.

Shares of Indian Railway Catering & Tourism Corporation rose 1.4 percent after the company said it was eyeing a major expansion in non-railway catering business.

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China Shares Tipped To Open In The Red

China Shares Tipped To Open In The Red

The China stock market has moved higher in two straight sessions, advancing more than 60 points or 1.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,730-point plateau although it may had back those gains on Tuesday.
RTTNews | 14 minut temu
Taiwan Stock Market May Spin Its Wheels On Tuesday

Taiwan Stock Market May Spin Its Wheels On Tuesday

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 250 points or 1 percent along the way. The Taiwan Stock Exchange now sits just above the 24,480-point plateau although it may be stuck in neutral on Tuesday.
RTTNews | 44 minut temu
Losing Streak May Continue For Singapore Shares

Losing Streak May Continue For Singapore Shares

The Singapore stock market has moved lower in three straight sessions, falling more than 80 points or 1.9 percent along the way. The Straits Times Index now sits just above the 4,185-point plateau and it may take further damage again on Tuesday.
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Malaysia Bourse May Hand Back Monday's Gains

Malaysia Bourse May Hand Back Monday's Gains

The Malaysia stock market on Monday ended the two-day slide in which it had fallen more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,585-point plateau although it may head south again on Tuesday.
RTTNews | 1g 44 minut temu
Rally May Stall For Japan Stock Market

Rally May Stall For Japan Stock Market

The Japan stock market has moved higher in two straight sessions, surging more than 1,120 points or 2.8 percent along the way. The Nikkei 225 now sits just above the 43,710-point plateau although it may run out of steam on Tuesday.
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KOSPI May Extend Monday's Losses

KOSPI May Extend Monday's Losses

The South Korea stock market on Monday ended the two-day winning streak in which it had climbed more than 35 points or 1.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may tick lower again on Tuesday.
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U.S. Dollar Firms Against Majors

U.S. Dollar Firms Against Majors

The U.S. dollar climbed against its major counterparts in the New York session on Monday, as investors monitored talks between President Donald Trump and Ukrainian leader Volodymyr Zelenskyy at the White House.
RTTNews | 3g 36 minut temu