Sensex, Nifty Open Higher On RBI Rate Cut Bets

RTTNews | 173 dias atrás
Sensex, Nifty Open Higher On RBI Rate Cut Bets

(RTTNews) - Indian shares opened on a firm note Thursday as signs of a slowing economy towards the end of 2024 and falling retail inflation reinforced the views that the Reserve Bank of India (RBI) will continue to loosen its monetary policy in coming months.

Sentiment was also aided after U.S. President Donald Trump said the U.S. and Russia will immediately begin negotiations toward ending the Ukraine conflict.

The benchmark 30-share BSE Sensex was up 424 points, or 0.6 percent, at 76,595 in early trade while the broader NSE Nifty index was up 140 points, or 0.6 percent, at 23,185.

Among the top gainers, Bajaj FinServ, JSW Steel, Cipla, Tata Steel and Bajaj Finance were up 2-3 percent.

Kotak Mahindra Bank rose nearly 2 percent after the Reserve Bank of India communicated its decision to lift restrictions placed on the bank.

Bharat Forge tumbled 3 percent on news it will partner with Liebherr to set up a manufacturing unit to address global aerospace industry demand.

Tata Power rallied 2.3 percent after announcing a partnership with ONGC to explore joint opportunities in battery energy storage.

ICICI Bank rose about 1 percent after announcing it will retain its majority stake in ICICI Prudential AMC.

read more
China Services Growth Fastest Since May 2024

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
RTTNews | 1 h 18 min atrás
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
RTTNews | 1 h 42 min atrás
European Shares Set To Open On Firm Note

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
RTTNews | 1 h 47 min atrás
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 2 h 48 min atrás
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
RTTNews | 3 h 53 min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
RTTNews | 4 h 19 min atrás
Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 4 h 51 min atrás
Additional Support Anticipated For Thai Stock Market

Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 5 h 23 min atrás