Sensex, Nifty Rally After Oil Price Crash

RTTNews | 1072 dias atrás
Stocktwits
Sensex, Nifty Rally After Oil Price Crash

(RTTNews) - Indian shares rose sharply on Wednesday and the rupee held steady in the afternoon after oil prices crashed more than 8 percent overnight, helping ease investor worries surrounding high inflation and interest-rate hikes.

Global cues were mixed, with Asian markets closing mostly lower on recession worries, while European stocks rebounded after an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch.

U.S. stock futures slipped ahead of the release of minutes from the latest Fed meeting later in the day.

Closer home, the benchmark S&P BSE Sensex surged 616.62 points, or 1.16 percent to 53,750.97 while the broader NSE Nifty index settled up 178.95 points, or 1.13 percent, at 15,989.80.

Bajaj Finance soared 4.8 percent to top the gainers list after giving healthy Q1FY23 update. Bajaj FinServ, Britannia Industries, Hindustan Unilever and Eicher Motor rallied 3-4 percent.

ONGC led losses to close 4.8 percent lower as crude prices steadied near $100 a barrel in European trade.

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Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 27 minutos atrás
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | 57 minutos atrás
Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
RTTNews | 1 h 27 min atrás
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | 1 h 57 min atrás
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 2 h 52 min atrás
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 3 h 15 min atrás
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 3 h 16 min atrás
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 6 h 31 min atrás
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